This episode of Financial Services Online with Paige Estritori explores latest developments in the Australian insurance industry. It discusses Suncorp, a major Australian insurer, planning to cut almost half their motor claims assessing team to boost efficiency, a move triggered after an impressive net profit rise to $1.1 billion. It also talks about the Australian Financial Complaints Authority's ruling that could change businesses' and insurers' documentation procedures. The show highlights insurance in sports with Gow-Gates securing their position as the official insurance broker for Football New South Wales. Lastly, the episode discusses the $1.4 trillion insured value of strata properties in Australia, showcasing the growth of strata communities and the need for improved management and policy updates.n

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