In this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses the impact of autonomous vehicles on the insurance industry, as predicted by a recent report from Howden Re, which suggests that this innovation could drastically alter traditional insurance claims processing. The episode also focuses on cybercrime, a growing threat in Australia, and the government's efforts to strengthen cybersecurity regulations. DLA Piper's report on AI-fueled cybercrimes serves as a primary reference. Furthermore, cybersecurity firm Coalition introduces a new reinsurance service, Coalition Re, aimed at revolutionizing cyber risk management. The episode rounds up with the latest in superannuation, highlighting AustralianSuper's dip from its Pluralsight investment and the ongoing debate about investment governance and portfolio diversification. Paige advises listeners to stay informed about financial matters and navigate to Financial Services Online's website for more information.
