Wed, 20th Aug 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 20th Aug 2025" was published on August 19, 2025.

August 19, 2025 · Insurance News Wrap

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Summary

The Weekly Insurance News Wrap, hosted by Paige Estritori, highlights key recent developments in the Australian insurance industry. Topics include the Australian Securities and Investments Commission's (ASIC) warning about a sales-focused approach in direct life insurance sales, despite a compliance-oriented shift. The podcast stresses ASIC's advocacy for a consumer-oriented approach that emphasises feedback over sales data. It also discusses appeals from life insurers and mental health advocates for the federal government's immediate action on the billion-dollar mental health funding commitment. The conversation sheds light on the Insurance Council of Australia's support for Victoria's resilient homes scheme. Lastly, a case is highlighted reminding brokers of their responsibilities after an insurance broker was ordered to compensate a client nearly $300,000 for a denied fire claim due to non-disclosure of asbestos.

Episode Description

The Weekly Insurance News Wrap, hosted by Paige Estritori, highlights key recent developments in the Australian insurance industry. Topics include the Australian Securities and Investments Commission's (ASIC) warning about a sales-focused approach in direct life insurance sales, despite a compliance-oriented shift. The podcast stresses ASIC's advocacy for a consumer-oriented approach that emphasises feedback over sales data. It also discusses appeals from life insurers and mental health advocates for the federal government's immediate action on the billion-dollar mental health funding commitment. The conversation sheds light on the Insurance Council of Australia's support for Victoria's resilient homes scheme. Lastly, a case is highlighted reminding brokers of their responsibilities after an insurance broker was ordered to compensate a client nearly $300,000 for a denied fire claim due to non-disclosure of asbestos.

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