Wed, 15th Oct 2025

In the October 15, 2025 edition of the Financial Services Online's Daily News Wrap, the host, Paige Estritori, discusses a $16.8 million fine for Allianz Australia Insurance and AWP Australia for misleading consumers about travel insurance from 2016 to 2018. The focus then shifts to increased travel to Bali by Australians, which has led to a 50% increase in insurance claims. Southern Cross Travel Insurance's data suggests these now account for 16% of their total claims. Following this, travellers are advised to be aware of hidden exclusions in their policies, particularly if undertaking high-risk activities. Lastly, the strategic partnership between Aon and the Real Estate Institute of South Australia (REISA) is expounded upon, aiming to provide improved insurance and risk advisory services for real estate professionals.