In this episode of the weekly Insurance News Wrap, Paige Estritori discusses recent developments in Australia's insurance industry. She covers the strong financial performance of general insurers, highlighting a rise in after-tax profits due to higher premium revenues and decreased claim levels. She also warns of escalating insurance risks for businesses due to increased litigation, technology developments, supply chain disruptions, and climate incidents. The discussion then moves to the positive changes in Australia's Directors and Officers' insurance market, with increased competition leading to improved terms and conditions. Lastly, she touches on Suncorp Group's move to focus solely on insurance operations, which could lead to more tailored and competitive products for freelancers and self-employed professionals.