This week's insurance news wrap includes significant AI investment in the Australian and New Zealand insurance sectors for enhanced risk management and operational efficiency. The Australian Prudential Regulation Authority is preparing for big regulatory changes in 2025, aimed at reinforcing industry sustainability and resilience. Due to a surge in natural disasters, Australian insurers are investing heavily in reinsurance, totalling AUD 2.5 billion to offset potential losses. Lastly, The Insurance Council of Australia is advocating for a revision of the 25-year old civil liability laws due to escalating public liability insurance premiums. Reforms are expected in various areas to ease financial burdens and maintain the viability of insurances in essential sectors.n

Ver todos los episodios