In this week's update from Financial Services Online, we discuss critical happenings in Australias insurance sector. The National Insurance Brokers Association (NIBA) is strengthening compliance standards due to a reported increase of breaches by 63%, including significant remuneration disclosure breaches. In vehicle insurance, 360 Commercial Motor is enhancing claims management with a new in-house claims team and partnerships with tech platforms. Sportscover Australia and Beazley have launched a new cyber breach response insurance to protect sports clubs against cyber threats. Lastly, the Federal Court ruled that COVID-19 business interruption claims against major insurers cannot proceed as class actions; individual claims must be filed. Stay informed and insured with our regular reports on the complexities of the Australian insurance industry.

Ver todos los episodios