In this episode of the Financial Services Online podcast, host, Paige Estritori, discusses major financial stories from Australia. Highlights include a warning from PwC that Australian insurers are falling behind globally in their readiness for cyber threats. Antonie Jagga of PwC advises insurers to use more data-driven, AI-infused pricing aligning premiums with actual risks. The Australian Securities and Investments Commission (ASIC) focuses on enforcing transparency in insurance pricing and claims handling. Significant insolvency cases, such as Shield and First Guardian Master Funds, are also discussed. Furthermore, we delve into the Australian Prudential Regulation Authority's (APRA) proposed changes to the reinsurance framework and Queensland's success in aligning heavy vehicle compliance with the National Heavy Vehicle Regulator. The podcast wraps up encouraging Western Australia and the Northern Territory to follow this regulatory harmony.