Thu, 8th Aug 2024 - Insurance News Wrap

What this episode covers

In this week's episode, Paige Estritori from Financial Services Online discusses major stories impacting the insurance industry. Innovations in Artificial Intelligence surface as QBE expands its use of AI, streamlining its underwriting process and planning to implement it further in the Australia-Pacific division. The Australian Financial Complaints Authority orders a refund to a policyholder from Resolution Life Australasia, setting a precedent about clear communication and industry practices. The market sees a 6% decrease in professional indemnity insurance gross written premium revenue while public and product liability insurance sees a 6% rise, highlighting potential imbalances. Lastly, Suncorp Group, after its banking operations sold to ANZ, focuses on general insurance and sells its New Zealand Asteron Life business to Resolution Life. Stay tuned for more updates.

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Frequently Asked Questions

How long is this episode of Insurance News Wrap?

Episode duration information is not available.

When was this Insurance News Wrap episode published?

This episode was published on August 7, 2024.

What is this episode about?

In this week's episode, Paige Estritori from Financial Services Online discusses major stories impacting the insurance industry. Innovations in Artificial Intelligence surface as QBE expands its use of AI, streamlining its underwriting process and...

Can I download this Insurance News Wrap episode?

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