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Fri, 20th Dec 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 20th Dec 2024" was published on December 19, 2024.

December 19, 2024 · Insurance News Wrap

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Summary

On this episode of the Financial Services Online podcast, Paige Estritori delivers the latest news from the insurance industry. The Insurance Council of Australia is implementing changes in response to flood inquiries, including standardized policy clauses and provisions for vulnerable customers. In the life insurance sector, a $13 billion merger between MLC Life Insurance and Resolution Life's subsidiaries results in the birth of Acenda, pending regulatory approval. The new firm, controlled by Nippon Life, is posed to become one of Australia's major insurers. Finally, Sure, a Queensland underwriting agency, brings attention to the critical gaps in insurance coverage in cyclone-risk regions. They urge homeowners to review their insurance policies amidst predictions of severe cyclones facilitated by warming oceans. Tune in for an in-depth analysis of these industry shifts.n

Episode Description

On this episode of the Financial Services Online podcast, Paige Estritori delivers the latest news from the insurance industry. The Insurance Council of Australia is implementing changes in response to flood inquiries, including standardized policy clauses and provisions for vulnerable customers. In the life insurance sector, a $13 billion merger between MLC Life Insurance and Resolution Life's subsidiaries results in the birth of Acenda, pending regulatory approval. The new firm, controlled by Nippon Life, is posed to become one of Australia's major insurers. Finally, Sure, a Queensland underwriting agency, brings attention to the critical gaps in insurance coverage in cyclone-risk regions. They urge homeowners to review their insurance policies amidst predictions of severe cyclones facilitated by warming oceans. Tune in for an in-depth analysis of these industry shifts.n

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