Suncorp has designated a major online auction house as its new partner, aimed at adding to the efficiency, speed and scale of the sale of total-loss vehicles.
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Competition watchdog approves latest club insurance takeover
The competition watchdog has given the green light to the second big takeover of a state-based club motoring insurer, this time in South Australia.
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Skills, parts and safety: the confidence gap in EV uptake
Shortage of skilled repairers, safety and parts for EVs remain a major barrier to their confident uptake, according to a new insurance report.
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Difficult trends and record write-offs in Crash Course report
Higher costs, more complex cars and record write-offs are some of the trends a leading US report into insurance claims found are challenging the repair industry.
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Crash claims and premiums rise faster than inflation
Motor insurance premiums have risen faster than inflation, reaching more than $1050 per year, a 42 per cent jump in the last five years a key industry report has found
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Motor insurance predicted to enjoy four years of growth
The insurance industry in Australia, including motor vehicle coverage, is expected to see four more solid years of revenue growth.
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IAG expands in Queensland with RACQ move
IAG has released plans to expand its Queensland footprint with a 90 per cent acquisition of the business of one of the state’s leading insurers.
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Roadworthy law changes under fire
Motoring bodies are taking aim at changes to Queensland roadworthy laws as both premature and a ‘blanket solution’ that fails to take account of the complex nature of the repair industry.
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Are augmented reality ‘crash scenes’ the future?
US company Allstate Insurance has applied for a patent of a system that can produce an augmented reality visualisation of crash scenes, according to a patent published March 5.
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Insurers may embrace AI to resolve claims
About 90 per cent of insurers in Australia have either implemented or are in the process of introducing chatbots or generative AI for claims resolutions.
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