On the Weekly Insurance News Wrap, Paige Estritori for Financial Services Online discusses emerging technologies, in particular AI, that are revolutionising the insurance industry. The show discussed a recent Earnix survey showing insurers' strong commitment to integrating AI into their business practices within the next two years, despite challenges like modernization and lack of real-time predictive analysis. She also touched on the Australian Prudential Regulation Authority (APRA)s initiative to seek alternative reinsurance solutions due to challenging market conditions, with a focus on catastrophe bonds. Australian company CGU was highlighted for their Strive guide series, which explores current insurance trending topics. Lastly, she discussed a case of an Uber Eats driver whose insurance claim was rejected due to non-disclosure of commercial use of his vehicle, emphasizing accuracy and transparency when dealing with insurance providers.

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