Thu, 14th Nov 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 14th Nov 2024" was published on November 13, 2024.

November 13, 2024 · Insurance News Wrap

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Summary

On the Weekly Insurance News Wrap, Paige Estritori for Financial Services Online discusses emerging technologies, in particular AI, that are revolutionising the insurance industry. The show discussed a recent Earnix survey showing insurers' strong commitment to integrating AI into their business practices within the next two years, despite challenges like modernization and lack of real-time predictive analysis. She also touched on the Australian Prudential Regulation Authority (APRA)s initiative to seek alternative reinsurance solutions due to challenging market conditions, with a focus on catastrophe bonds. Australian company CGU was highlighted for their Strive guide series, which explores current insurance trending topics. Lastly, she discussed a case of an Uber Eats driver whose insurance claim was rejected due to non-disclosure of commercial use of his vehicle, emphasizing accuracy and transparency when dealing with insurance providers.

Episode Description

On the Weekly Insurance News Wrap, Paige Estritori for Financial Services Online discusses emerging technologies, in particular AI, that are revolutionising the insurance industry. The show discussed a recent Earnix survey showing insurers' strong commitment to integrating AI into their business practices within the next two years, despite challenges like modernization and lack of real-time predictive analysis. She also touched on the Australian Prudential Regulation Authority (APRA)s initiative to seek alternative reinsurance solutions due to challenging market conditions, with a focus on catastrophe bonds. Australian company CGU was highlighted for their Strive guide series, which explores current insurance trending topics. Lastly, she discussed a case of an Uber Eats driver whose insurance claim was rejected due to non-disclosure of commercial use of his vehicle, emphasizing accuracy and transparency when dealing with insurance providers.

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