Wed, 11th Dec 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 11th Dec 2024" was published on December 10, 2024.

December 10, 2024 · Insurance News Wrap

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Summary

In this episode of the Weekly Insurance News Wrap, we discuss major trends in the Australian insurance industry. Significant topics include the growing concern around mental health, with a surge in related claims reported by leading insurance provider TAL, who are adding value with added mental health services. Meanwhile, health insurance premiums face scrutiny due to sharp and unanticipated increases, amid tactics such as 'product phoenixing'. The Commonwealth Ombudsman recognises the adverse impact of these practices on consumer options. In other news, a policyholder's claim denial underscores the importance of policyholders' vigilance about their coverage expiry. Hosted by Paige Estritori on behalf of Financial Services Online, this episode highlights the critical issues shaping the insurance landscape.n

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