Fri, 27th Dec 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 27th Dec 2024" was published on December 26, 2024.

December 26, 2024 · Insurance News Wrap

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Summary

In this episode of the Weekly Insurance News Wrap, host Paige Estritori discusses key insurance industry developments in Australia. The spotlight is on RACQ Insurance's strategic alliance with RIA Australasia, a move which indicates increased insurer participation to enhance industry standards. This follows a similar initiative by Suncorp. RIA Australasia Chair, Brodie West, is optimistic about the future, with ambitions for more insurer collaboration. The partnership aims at addressing climate challenges and improving service operations. The highlight of these developments is an inaugural code of practice set for implementation in 2025. The surge in insurer collaboration signifies an unwavering commitment to transform restoration services and provides creative solutions for climate challenges. Moreover, the alliances are expected to improve claims management and restoration services. The podcast wraps up by pledging to continue monitoring these industry transformations. n

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