Wed, 27th May 2026
from Insurance News Wrap Hosted by Paige Estritori
In this week's podcast, Paige Estritori discusses recent developments in the insurance industry. Key topics include a call for sustainable Total and Permanent Disability (TPD) insurance by industry leaders, led by Australia's financial regulators. The need to innovate TPD products due to increased mental health claims and changing workforce dynamics is emphasized. While trends shift towards contemporary TPD structures, traditional models remain popular among financial advisors. Industry discrepancies in pricing models are also discussed. In member benefits news, Australian Superannuation Fund HESTA announces 12% reduction in insurance fees, with a specific focus on the unique risks of tradespeople. Queensland's Law Society (QLS) announces a 15% reduction in professional indemnity insurance levies for 2026-2027, indicating notable savings for legal practitioners. The episode encapsulates key shifts in the insurance sector and their impact on stakeholders.
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