The Contracts of Insurance Bill, which aims to shift disclosure responsibilities to insurers and prevent unfair claim denials, passes its first reading in Parliament.
Speaking at the 2024 All Actuaries Summit on the Gold Coast, Suzanne Smith called for innovative products that serve Australia's changing demographics.
India's 'Bima Vistaar' product includes insurance coverage for life, health, personal accident, and property, and a parametric claims process for property.
