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Sat, 24th Aug 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sat, 24th Aug 2024" was published on August 23, 2024.

August 23, 2024 · Insurance News Wrap

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Summary

The weekly podcast roundup from Financial Services Online discusses key developments in the Australian insurance landscape. It highlight's Coles' new partnership with Auto & General to underwrite home, car, and landlord policies for the next 10 years. This move is seen as a trend as supermarket chains align with insurance providers to offer custom policies. The program also touches on the need for Australian travelers to obtain an ETIAS authorization for travel to EU countries starting mid-2025. The shift in the life insurance sector towards novel longevity solutions is discussed, citing low interest but a recognised need among certain retiree groups. Lastly, the podcast addresses the impact of extreme weather on the insurance industry with a 73% increase in weather-related claims leading to significant financial losses. It calls for strategic planning and resilience measures to keep insurance affordable.n

Episode Description

The weekly podcast roundup from Financial Services Online discusses key developments in the Australian insurance landscape. It highlight's Coles' new partnership with Auto & General to underwrite home, car, and landlord policies for the next 10 years. This move is seen as a trend as supermarket chains align with insurance providers to offer custom policies. The program also touches on the need for Australian travelers to obtain an ETIAS authorization for travel to EU countries starting mid-2025. The shift in the life insurance sector towards novel longevity solutions is discussed, citing low interest but a recognised need among certain retiree groups. Lastly, the podcast addresses the impact of extreme weather on the insurance industry with a 73% increase in weather-related claims leading to significant financial losses. It calls for strategic planning and resilience measures to keep insurance affordable.n

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