Tue, 31st Dec 2024

In this episode of the Weekly Insurance News Wrap, Paige Estritori of Financial Services Online discusses notable advancements in Australia's insurance industry, particularly the strengthening of partnerships focusing on restoration services. Key highlights of the week include the strategic alliance between RACQ Insurance and RIA Australasia, aimed to upgrade the restoration industry and enhance claims management standards. The forthcoming launch of an inaugural code of practice in 2025 signifies greater insurer involvement and professionalism within the industry. Furthermore, the partnerships seek to address the implications of escalating weather events on the insurance sector. RIA Australasia's consistent expansion since its establishment in 2019 is applauded. The episode concludes by emphasizing the pursuit of a resilient, adaptive, and anticipatory restoration services industry in the face of future challenges.