Mon, 30th Sep 2024

This podcast provides a comprehensive update on the recent events of the Australian insurance sector for the last week of September 2024. Noteworthy developments include record high profits for Western Australia's RAC, attributed to increased premium income despite concerns over the resultant cost burden for consumers. The National Insurance Brokers Association pledges stronger compliance to new regulations after a spike in reporting violations. 360 Commercial Motor announces the establishment of an in-house claims team and integration of tech platform Wilbur, with the goal to speed up and streamline claims management. And finally, a collaboration between Sportscover Australia and Beazley to develop a cyber breach response insurance product for the sports and leisure industry in response to the increasing cyber threat. The podcast closes with an invitation to subscribe and visit Financial Services Online for latest insights and insurance needs.n