Thu, 22nd Aug 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 22nd Aug 2024" was published on August 21, 2024.

August 21, 2024 · Insurance News Wrap

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Summary

In this episode, Paige Estritori covers the importance of understanding and investing in longevity insurance products, as highlighted at the annual CEO roundtable of the Australian Prudential Regulation Authority (APRA). Despite public misconceptions and legislative hindrances, APRA is committed to promoting longevity solutions. The program also discusses the urgent need for strategic planning in response to the increase in extreme weather-related insurance claims, as noted in the Insurance Council of Australia's recent report. The podcast also emphasises the need for the insurance industry to embrace technological advances, like AI, to modernise systems and increase efficiency. Finally, Estritori reminds listeners about the importance of thoroughly understanding the coverage and exclusions of their insurance policies, especially in volatile geopolitical situations. Visit financialservicesonline.com.au for more information.n

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