Wed, 20th May 2026
from Financial Services News Wrap Hosted by Paige Estritori
In this podcast, Paige Estritori delves into the robust performance of the Australian insurance sector, particularly non-life insurance, which showed an 11.1% revenue increase in fiscal 2025. Key contributors to this growth were top insurers, premium rate hikes, reduced catastrophe losses and an uptick in investment income. However, potential risks from the Middle East conflict make the industry somewhat cautious. The proposed acquisition of RAC Insurance by the Insurance Australia Group is facing scrutiny from the Australian Competition and Consumer Commission over concerns of decreased competition. The life insurance industry also showed growth, mostly from individual disability income insurance profits. Additionally, the forthcoming Australian Superyacht, Marine Export, and Commercial Marine Conference on the Gold Coast is highlighted. The podcast concludes reminding listeners to stay tuned for more updates and directs to the Financial Services Online website for more resources.n
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