Tue, 16th Dec 2025

In the latest Australian financial services news, the insurance industry flourished in 2025 with a profit increase of $6.1 billion, credited to the absence of significant weather events and positive market conditions. However, Australia's largest insurer, QBE Insurance Group, saw a slump in business property insurance resulting in a seven-month low in shares, despite the announcement of a significant share buyback. The risks for Australian businesses are also rising owing to litigation, new technologies, supply chain disruptions, and geopolitical tension. In monetary policy, the Reserve Bank of Australia held steady with its cash rate at 3.60% following an unexpected rise in inflation. The podcast concludes advising businesses and consumers to regularly review their insurance needs and stay abreast with the changing financial landscape.