What’s Really Happening in the Risk Advice Market

What’s Really Happening in the Risk Advice Market

From My Risk Adviser by Phil Thompson

December 18, 2025 · 38 min · Season 5 · Episode 2

About this episode

Phil Thompson and Trent Bacon discuss the evolving landscape of the risk advice market and the challenges faced by advisers.

In this episode of My Risk Adviser, Phil Thompson and Trent Bacon dig into what is actually happening in the insurance advice market, and why risk advice is becoming more specialised than ever. With fewer advisers writing the majority of new insurance business, increasing product complexity, tougher underwriting, and rising premiums, the traditional approaches to risk advice are being challenged. Phil and Trent explore the different models advisers are using today, from specialist risk firms to holistic practices, and the trade-offs that come with each. If you are wondering where insurance advice is heading, who is really writing the business, and how advisers can adapt without increasing risk or compliance exposure, this episode will get you thinking. Join the My Risk Adviser Facebook community for Australian advisers. The advice shared on My Risk Adviser is general in nature and does not consider your individual circumstances. My Risk Adviser exists purely for educational purposes and should not be relied upon to make a financial decision. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Thompson

Guest: Trent Bacon

Topics covered

  • risk advice
  • insurance market
  • adviser models
  • product complexity
  • compliance

Keywords

  • risk advice
  • insurance advice
  • adviser models
  • underwriting
  • premiums

Mentioned in this episode

Organizations: My Risk Adviser, Acast

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