Sun, 1st Sep 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 1st Sep 2024" was published on August 31, 2024.

August 31, 2024 · Insurance News Wrap

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Summary

In the latest Weekly Insurance News Wrap, the Australian Prudential Regulation Authority reports a profitable upward trend in the insurance industry, especially within household and motor insurance sectors. The episode also discusses the exemplary detection and reporting of insurance fraud activity, citing the case of Joel Mtebe who was recently sentenced for lodging fraudulent home insurance claims. Following that, a warning is given to collision repair businesses about responsibly managing insurer requests for non-genuine parts to maintain industry standards. Lastly, as part of their push for diversity, the Council of Australian Life Insurers has announced its ReCALIbrate program, granting five mid-career female advisers a chance to attend the Financial Advice Association Congress. The podcast empathizes the importance of gaining knowledge to ensure a secure financial future. For more, visit the Financial Services Online website.n

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