Wed, 21st May 2025 - Insurance News Wrap

What this episode covers

In this episode of Financial Services Online's Weekly Insurance News Wrap, host Paige Estritori shares three significant insurance industry stories from Australia. An important Australian Financial Complaints Authority (AFCA) ruling on a contested case of a stolen car highlighted the importance of concrete proof for insurance fraud accusations. The insurer, Auto and General Services, must now honor their claim due to lack of evidence. Up next, Westpac's investment platform, Asgard, announced increases in insurance premiums from 0.7% to 94.6% due to rising operational costs, taking effect from the 1st of July. Lastly, having exited from the wealth management sector, ClearView transformed into a pure-play life insurance company with plans of increasing ties with independent financial advisors, and saw lucrative growth in premium incomes. The company also unveiled a new cloud-based platform for streamlining operations.n

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Frequently Asked Questions

How long is this episode of Insurance News Wrap?

Episode duration information is not available.

When was this Insurance News Wrap episode published?

This episode was published on May 20, 2025.

What is this episode about?

In this episode of Financial Services Online's Weekly Insurance News Wrap, host Paige Estritori shares three significant insurance industry stories from Australia. An important Australian Financial Complaints Authority (AFCA) ruling on a contested...

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