Mon, 1st Apr 2024 - Insurance News Wrap

What this episode covers

This podcast by Paige Estritori on behalf of Financial Services Online is a roundup of weekly insurance news. It discusses Australia's insurance sector's increasing reliance on AI, with 90% of businesses adopting the technology, primarily for claim resolution and risk assessment. Also highlighted is a significant increase in weather-related claims at NRMA Insurance due to harsh summer conditions, especially storms and hail. Despite this, only 40% of Australians have put protective measures in place for their homes. The podcast touches on a landmark Federal Court decision supporting Auto & General's policy clause requiring policyholders to report substantial changes to their coverage, thereby preserving insurers' rights to refuse claims if risks exceed their limit. The podcast wraps with the message of staying safe and covered.n

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Frequently Asked Questions

How long is this episode of Insurance News Wrap?

This episode is 2 minutes long.

When was this Insurance News Wrap episode published?

This episode was published on March 31, 2024.

What is this episode about?

This podcast by Paige Estritori on behalf of Financial Services Online is a roundup of weekly insurance news. It discusses Australia's insurance sector's increasing reliance on AI, with 90% of businesses adopting the technology, primarily for claim...

Can I download this Insurance News Wrap episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.