Wed, 24th Apr 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 24th Apr 2024" was published on April 23, 2024 and runs 3 minutes.

April 23, 2024 ·3m · Insurance News Wrap

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Summary

In this episode of the Weekly Insurance News Wrap, host Paige Estritori discusses top stories from the Australian insurance industry. Key points include the improved handling of insurance claims in flood-affected communities, a trend towards self-insurance among small businesses, and the importance of comprehensive travel insurance coverage, as exemplified by a traveler's denied claim following a Hawaiian wildfire. This episode also covers a decrease in life insurance coverage among working-age adults, largely due to superannuation fund legislation changes, but offers hopeful trends such as the capital amendments by APRA and increased income protection product prices. Finally, it highlights CFC's strategic acquisition of Solution Underwriting, broadening its cyber insurance offerings across Australia.

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