Wed, 28th May 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 28th May 2025" was published on May 27, 2025.

May 27, 2025 · Insurance News Wrap

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Summary

In this week's Financial Services Online podcast, Paige Estritori discusses the escalation of cyber threats and the corresponding initiatives by QBE, led by CEO Andrew Horton, to bolster cybersecurity. The podcast covers QBE's strategic approach, supported by significant investments, in response to globally relevant cyber threats. The desire to demystify cyber risk management was also emphasized. The episode discusses the increased uptake of life insurance in Australia as reported by NobleOak, along with a concern of lack of understanding with regards to policies. The Australian Financial Complaints Authority's intervention in an Insurance Australia Group controversy concerning claim denials for storm-damaged solar systems has also been discussed. Lastly, an update is given on a pause AFCA has put on a QBE claim regarding uninsured vehicle damage.

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