This week's Insurance News Wrap from Financial Services Online details recent developments in the Australian insurance sector. Advancements in insurtech boost the sector, with over 293 insurtech start-ups in Australia and New Zealand raising more than $1.6 billion over the past 12 years. Government incentives, mature start-up ecosystems, and advanced technologies play a role. Legal issues arise, as AIG Australia denies a company's cyber scam coverage, highlighting the need for businesses to understand insurance policy terms, particularly surrounding digital risks. Australia Underwriting stands out for tackling high-risk cases, supporting broker relationships, and developing innovative risk solutions. Finally, the Australian Financial Complaints Authority calls on Hollard to raise compensation after previously failing to resolve a mould contamination dispute, setting a standard for insurers in similar cases.

Ver todos los episodios