Mon, 19th May 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Mon, 19th May 2025" was published on May 18, 2025.

May 18, 2025 · Insurance News Wrap

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Summary

In this episode, Paige Estritori from Financial Services Online discusses the latest developments in Australia's insurance industry. She starts with Asgard, Westpac's investment platform, announcing a significant increase in insurance premiums, due to rising claims and operational costs. Changes will take effect from July 1st, 2025. ClearView's transition into a pure play life insurance company is also discussed, highlighting impressive growth figures and the launch of their ClearChoice technology, hoping to revolutionize internal operations. Meanwhile, despite potential economic obstacles, NobleOak's survey reveals Australians prioritizing life insurance and income protection, though over 40% of policyholders feel their coverage is lacking. A highlighted gender gap indicates women feel less financially confident than men, underscoring the importance of financial advisers. Stay tuned for more updates on the insurance landscape in Australia.

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