Insurance Business Australia’s Post

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Are you an aspiring insurance broker in Australia? You need to know about the National Insurance Brokers Association (NIBA)! As a key player in the insurance sector, the NIBA supports brokers and promotes industry standards. Check out our article to learn more! https://hubs.la/Q02SSYCd0

Bermuda's new 15% corporate income tax rate, set to take effect in January 2025, is unlikely to diminish the island's status as a global hub for insurance and reinsurance, according to insights from S&P Global Ratings. https://hubs.la/Q02SSDLw0

The cyber insurance market is shifting as rates decline globally, presenting both challenges and opportunities for insurers and policyholders. Industry leaders like Jeff Gonlin from Emergence Insurance, Trent Nihill of Coalition Inc., and Lindsey Nelson of CFC discuss how education, innovation, and risk management are key to navigating this evolving landscape. https://hubs.la/Q02SgRTH0 #CyberInsurance #InsuranceMarket #Innovation #RiskManagement

Google Cloud’s report shows 74% of global enterprises see ROI from generative AI in the first year! With 86% of users reporting revenue growth, Christoph Rabenseifner of Deutsche Bank predicts even greater returns ahead. The future is bright for GenAI! https://hubs.la/Q02SSXRz0

The Ardonagh Group (Ardonagh), the giant UK headquartered broker network, has announced the completion of its acquisition of PSC Insurance Group (PSC). The announcement follows The Federal Court of Australia’s approval on October 1. https://hubs.la/Q02T2XkL0

Rebekah Clement, Lloyd’s corporate affairs director, highlights the importance of public-private partnerships in addressing these global risks and mitigating future crises. Is your business prepared for such disruptions? https://hubs.la/Q02SSX2-0

Insurance Australia Group (IAG), in collaboration with Diversity Council Australia Ltd (DCA), will present the 2024 Diversity Debate in Sydney on Oct. 22. https://hubs.la/Q02SSX9p0

Gary McMullen, Aon’s workplace risk director, is calling for renewed attention to Australia’s fragmented workers’ compensation system, which currently operates through 11 different schemes across states and territories. https://hubs.la/Q02SSBtp0

Eric Lowenstein, CEO of Tego Insurance, discusses the integration of AI in healthcare, transforming the surgical process. AI’s potential to enhance diagnostics is matched by challenges in liability and algorithm accuracy. Discover how Tego is adapting to ensure patient safety and innovation go hand in hand. https://hubs.la/Q02SgL5d0 #HealthcareAI #MedicalInsurance #Innovation #PatientSafety