PodParley PodParley
PodParley PodParley
Log in

Sun, 26th May 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 26th May 2024" was published on May 25, 2024 and runs 2 minutes.

May 25, 2024 ·2m · Insurance News Wrap

0:00 / 0:00

Summary

In this episode of Financial Services Online's weekly insurance news wrap, we discuss key developments in the industry. Firstly, the Insurance Council of Australia is addressing rising insurance costs with the potential introduction of reinsurance pools and direct subsidies, particularly beneficial for areas prone to flooding. Furthermore, a recent Australian Financial Complaints Authority decision reaffirmed that insurance coverage only starts when a policy is active, underscoring the importance of continuous coverage and accurate reporting. Lastly, we highlight how TAL, a major life insurance provider, has leveraged digitalisation to swiftly process claims, having paid $4 billion last fiscal year, half of which were processed within 24 hours via their digital platform.

Episode Description

In this episode of Financial Services Online's weekly insurance news wrap, we discuss key developments in the industry. Firstly, the Insurance Council of Australia is addressing rising insurance costs with the potential introduction of reinsurance pools and direct subsidies, particularly beneficial for areas prone to flooding. Furthermore, a recent Australian Financial Complaints Authority decision reaffirmed that insurance coverage only starts when a policy is active, underscoring the importance of continuous coverage and accurate reporting. Lastly, we highlight how TAL, a major life insurance provider, has leveraged digitalisation to swiftly process claims, having paid $4 billion last fiscal year, half of which were processed within 24 hours via their digital platform.

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

New Health Insurance News Podcasts – New Health Insurance News Michael's Insurance Podcast Michael Young A short-form podcast that covers insurance news, cases, tips and other thoughts by Michael Young, an insurance coverage and bad faith lawyer in St. Louis.michaelyoungstl.comThe choice of a lawyer is an important decision and should not be based solely upon advertisements. Silver Lining Safety - Safety Bytes West Bend Mutual Insurance As an insurance company, we understand how important your business is to you. In this weekly podcast, we’ll give you information on business safety and loss prevention best practices, provide resources to keep you and your employees safe and share the latest insurance news. Opinions in this podcast may not apply to all listeners. Be sure to consult with a qualified safety professional before making any changes to your business. To recommend topics, please email us at [email protected].
URL copied to clipboard!