Lack of housing affordability is a national crisis that has dominated the news headlines in the past five years. But an often overlooked - but equally important - challenge facing most Australians is the crisis of insurance affordability.
According to research, four in 10 Australians would immediately feel the pinch of their primary income earner losing their salary. This is because income cover, like most types of insurance, is little understood and, according to latest research, out of reach.
Insurer AIA Australia has taken the unprecedented approach of calling on various insurance stakeholders, including associations, regulators and even some of their direct competitors, to find a bipartisan solution before the insurance gap becomes an insurmountable problem. Find out the steps they've taken in this article and video.