Wed, 19th Jun 2024

This podcast discusses important updates from the insurance industry. First, it highlights a controversial rise in insurance premiums by the Victorian Managed Insurance Authority due to increased claim settlements. Housing Industry Association criticizes the move, stating it worsens the housing affordability crisis. Next, the podcast discusses growing workplace mental health concerns with Allianz reporting a near 50% surge in psychological claims and a 30% increase in mental health-related absenteeism between 2019 and 2022. This has led to a call for specific mental health strategies within workplaces. Lastly, it underscores a pledge by Christine Cupitt, Chief Executive of the Council of Australian Life Insurers, to ensure customer-focused advice and seamless integration between insurers and advisers amidst industry controversy.