Exploring the Future of Insurance at the Outlook 2025 Conference
Exploring the Future of Insurance at the Outlook 2025 Conference
2
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
The Insurance News Outlook 2025 Conference, scheduled for March 12 in Sydney, is set to delve deeply into the insurance industry's future.
With a focus on emerging risks, advancements in technology, and the evolving landscape of broking, the event promises insightful discussions led by industry experts.
The discussion panel will include key figures such as Insurtech Australia CEO Simone Dossetor, Coalition GM Australia Sam Weaver, Edgewise Insurance Brokers account director Stella Pruscino, and Berkley Re's Asia-Pacific CEO Glen Riddell. These leaders will offer diverse perspectives on the challenges and opportunities facing the sector today.
Highlights of the conference include an opening session exploring findings from an exclusive Finity/Insurance News market report, followed by a keynote address from Hollard Australia founder Richard Enthoven on growth prospects within the Australian market.
Crucial topics, such as the rising insurance costs for homeowners in high-risk areas, will be addressed by a panel comprising Alexandra Hordern from the Insurance Council of Australia, Allianz’s Nicholas Scofield, and Julia Davis from the Financial Rights Legal Centre. Meanwhile, Nathan Bourne from the Australian Securities and Investments Commission (ASIC) will outline the regulator’s insurance priorities.
The agenda includes Prue Monument from the Australian Financial Complaints Authority discussing transparency expectations, and a panel comprising IAG CEO Nick Hawkins, Lloyd’s Chris Mackinnon, Suncorp's Michael Miller, Liberty's John McCabe, and Trent Williams from WTW, who will debate the year's critical challenges and opportunities.
The event receives support from gold partners Finity and Liberty, along with sponsors including Allianz, AAMC, and Australia Underwriting. Attendees can earn continuing professional development points-five NIBA CPD points and eight ANZIIF CIP points, emphasizing the conference’s educational value.
Published:Saturday, 1st Mar 2025 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
As the Australian summer holidays approach, a significant increase in road traffic is anticipated, coinciding with peak freight activity. This convergence raises concerns about heightened road risks, prompting insurers and transport specialists to issue warnings to motorists. - read more
Australia's transport and haulage sector is currently navigating a period marked by an uptick in motor collision claims, posing significant challenges for fleet operators nationwide. This trend underscores the necessity for enhanced risk management and insurance strategies to safeguard operations and maintain profitability. - read more
The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, shedding light on the predominant causes of significant truck crashes across Australia. The findings underscore the critical need for targeted interventions to enhance road safety within the transport industry. - read more
Recent findings from the PwC Insurance Banana Skins Survey indicate that Australian insurers are trailing behind their global counterparts in preparedness for cyber threats. The survey, which gathered insights from 698 insurance executives across 42 territories, revealed that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average. - read more
Australia's general insurance industry has reported a 19% return on equity (ROE) for the 2025 financial year, marking the highest in a decade. This significant achievement is attributed to favourable weather conditions, strong investment gains, and the continued flow-through of premium increases, as detailed in the latest Optima Report by actuarial consultancy Finity. - read more
Australia's life insurance market is projected to experience moderate expansion over the next four years, with gross written premiums (GWP) expected to increase from $26.2 billion in 2025 to $30.5 billion by 2029. This growth, representing a compound annual growth rate (CAGR) of 3.9%, is driven by factors such as economic recovery, an aging population, and heightened public awareness of health and financial planning, according to recent analysis by GlobalData. - read more
The Australian Treasury has commenced a consultation process aimed at improving the effectiveness of professional indemnity (PI) insurance, with the goal of strengthening the Compensation Scheme of Last Resort (CSLR). This initiative seeks to gather stakeholder feedback on the current operation of PI insurance and explore opportunities for enhancement. - read more
Sydney-based insurtech company Upcover has unveiled a new professional indemnity and public liability insurance product tailored specifically for nurses across Australia. This initiative aims to provide comprehensive coverage that meets the unique needs of nursing professionals, including nurse practitioners, in-patient nurses, doulas, and nursing students. - read more
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database, providing valuable insights into the professional indemnity (PI) insurance sector for the 2022 underwriting year. The data indicates that PI claims payments for non-facility business remained relatively stable at $1.111 billion, a slight increase from $1.109 billion in the previous year. - read more
In a strategic move to cater to the growing number of Australian cruise enthusiasts, Allianz Partners has unveiled a cruise-specific travel insurance product in collaboration with Norwegian Cruise Line (NCL). This initiative aims to provide comprehensive coverage tailored to the unique needs of cruise travellers. - read more
Australian farmers face an array of natural disasters that can threaten livelihoods and disrupt the delicate balance of agricultural ecosystems. From devastating bushfires and droughts to powerful storms and floods, these catastrophic events pose serious risks to the farming community. Understanding and preparing for these forces is not just about survival; it's about building a sustainable future for farms across the continent. - read more
Farm liability insurance is a type of coverage that protects farmers from financial losses due to legal claims and lawsuits. This insurance is crucial for safeguarding your farm against various liabilities that may arise from farm operations. - read more
In the dynamic world of Australian agriculture, farm equipment plays a crucial role in the day-to-day operations of farms. From tractors to harvesters, having the right machinery means managing your farm more efficiently. However, the high value of this equipment makes it essential to protect it adequately through insurance. - read more
Farming is a vital industry in Australia, requiring significant investment in equipment, crops, livestock, and labour. As with any major investment, protecting it is crucial. That's where farm insurance comes in. - read more
In the world of agriculture, having the right insurance coverage is essential. Farming is a high-risk industry that deals with unpredictable elements, and insuring your farm equipment can safeguard your livelihood. - read more
Hobby farming has become increasingly popular in Australia, with many individuals and families embracing the joys of growing their own produce, raising livestock, and enjoying a rural lifestyle. Whether it's a small vegetable garden, a few chickens, or a larger mixed farming operation, hobby farms offer both relaxation and a connection to nature. - read more
Risk management is the practice of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. In farming, risk management involves various strategies to protect the financial health and operational stability of the farm. - read more
As the backbone of Australian agriculture, farm equipment plays an essential role in day-to-day operations across our expansive and diverse landscapes. From the vast wheat belts to the tropical fruit farms, machinery ensures efficiency and productivity in the face of constant challenges. But with reliance on such equipment comes significant risk—the financial burden of damage or loss can be devastating to a farmer's livelihood. - read more
Farming is inherently risky. With factors like weather, pests, and market fluctuations affecting crops, it's crucial to manage these risks effectively. - read more
Farming in Australia is more than just a way of life; it is a critical sector that supports the nation’s economy and food supply. However, managing a farm comes with its own set of unique risks. From natural disasters to equipment failures, farmers face numerous challenges that can impact their livelihood. - read more
Need a Quote?
Start your free farm insurance quote comparison here.
Knowledgebase
Exclusion: Specific conditions or circumstances for which the insurance policy does not provide coverage.