In this episode of the Weekly Insurance News Wrap, we discuss a landmark machinery damage lawsuit between a policyholder and QBE, where the Australian Financial Complaints Authority ruled in favor of the policyholder. We then head to Brisbane, where IVAA Claims' fraud detection tool earns top honors in the Beyond the Buzzwords pitch competition. We also delve into the alarming shortage of affordable life insurance advice among young Australians, according to a study by the Council of Australian Life Insurers proposing industry reforms to bridge the advisory gap. Finally, we cover the digital transformation in life insurers' medical report processes initiated by EQ Pathologys HealthIQ - a fully digital, automated reporting system adopted by Acenda.n

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