In this episode of Financial Services Online, host Paige Estritori covers important topics in Australia's insurance sector. Discussions include costly credit hire fees following a legal dispute involving insurer NRMA and an upcoming Local Court hearing. The podcast also explores the role of AI in revolutionizing the insurance industry, offering powerful tools for risk prediction, fraud detection, and customer engagement. The episode reports on findings from a federal inquiry into Australia's 2022 flood catastrophe, with forthcoming recommendations anticipating improvements in flood risk management and insurance affordability. Lastly, QBE's advancements in operational efficiency are examined, highlighting their use of AI to expedite underwriting processes, with plans to expand this initiative to the Australia-Pacific region. Tune in for these and other insurance sector updates.n

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