Financial Services News Wrap, hosted by Paige Estritori, is your definitive source for the latest and most significant news in the Australian Financial Services sector
We meticulously search for important news to bring you updates in insurance, mortgages and loans, superannuation, and money management, including budgeting and financial planning
With a keen focus on the developments from the past week, our podcast selects news items that resonate most with Australian business and personal consumers
After conducting in-depth research, we craft original articles on each chosen news story, summarizing the crucial information into a concise, engaging podcast
Whether you are a professional navigating the financial services industry or a personal consumer seeking to stay informed, Financial Services News Wrap offers the insights you need to stay ahead in the fast-moving world of finance.
Welcome to Our News Podcasts! Dive into the latest episode from any of our 5 podcasts ... or explore our archive for topics that interest you.
In this episode of the Daily Financial Services News Wrap, Paige Estritori covers the significant developments in Australia's insurance industry
The industry saw a massive leap in profitability in 2024 due to a rise in premiums and favourable weather conditions
However, there are growing concerns about the affordability of insurance, with average premiums for home and car insurance rising markedly
Opposition to these hikes is leading to calls for increased competition and possible dismantling of large insurers accused of overcharging
Meanwhile, projections indicate the general insurance segment growing significantly by 2029
The broadcasting also touches on the decrease in farm liability claims, pointing to improved safety practices by Australian farmers
Despite these advances, hazards from machinery and large animals continue to pose challenges.
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