Fri, 13th Sep 2024

In today's Daily Financial Services News Wrap, we discuss the rise of autonomous vehicles and the revolution it heralds in the world of insurance. With the responsibility shifting from drivers to technology, self-driving cars are slated to transform the landscape of motor vehicle insurance. Furthermore, legal experts warn of the unmitigated risks of AI-enhanced cybercrime and ransomware. As counter-efforts struggle to catch up, cybersecurity companies are stepping up to provide more comprehensive, innovative solutions. Additionally, we examine the recent $1.1 billion loss incurred by AustralianSuper on Pluralsight, highlighting concerns about governance and valuation in superannuation funds' tech investments. Even in the face of such major setbacks, these funds continue to bet on private equity, emphasizing better governance and diversified investment strategies. These topics and more on financialservicesonline.com.au.n