Sun, 14th Jul 2024

In this episode, Financial Services Online discusses several key areas affecting the financial landscape in Australia. Updates include QBE's new claim handling processes, including property health checks and geospatial technology, aimed at improving disaster response and understanding of insurance for policyholders. A strengthening Australian dollar could mean more affordable overseas trips for Aussies, driven by potential US Federal Reserve rate cuts and Reserve Bank of Australia's policies. The number of active financial advisers rises, indicating renewed optimism in the industry. Lastly, the Australian Consumer Insurance Advocacy encourages insurance companies to allocate 1% of home premiums to a resilience fund, foster enhanced collaboration between government bodies and the industry, supporting policyholders experiencing structural issues.