Page 12 - Australasian Paint & Panel magazine September-October 2022

NEWS
12
PAINT&PANEL SEPTEMBER / OCTOBER 2022 WWW.PAINTANDPANEL.COM.AU
FUTURES COLLIDE
THE SECOND CAPRICORN FUTURES COLLIDE
conference took place at the Gold Coast Collision Centre on Friday and Saturday 19 and 20 August.
The presentations were dominated by the brilliant Mike Anderson from Collision Advice in the US. He shared a plethora of technical insights, business strategies, leadership and teambuilding approaches, best practice and entertaining stories.
There was a presentation from Neil Ri- ley from Hella Australia about the in- creasing amount of encryption being em- ployed by car makers and how this could be a problem from the repairer. Also a fascinating presentation from Scott Nar- gar from Hyundai around their hydrogen vehicle offering - looking at how the vehi- cle operates and what repairers would need to know in order to fix it safely.
Rebecca Witt of iBodyshop gave a pres- entation on how two new features of the workshop management work – inventory and automated parts invoice reconcilia- tion. Dave Crook, collision product man- ager of GM talked about their trade club, how to access repair methods and the im- portance of using OEM parts.
Anderson also discussed destructive weld testing, how and why it is so essen- tial and how many OEM demand it as part of the repair process. He was joined on stage by Geoff Mitchell of I-CAR who went into more detail on why welds fail.
Anderson kicked off day two talking
LEFT: Panellist Mathew Cooper from AMA. RIGHT: Mike Anderson kept everyone enthralled.
about diagnostic trouble codes, scan- ning and calibrations. There were two panels - Transformation of the Land- scape which was essentially about the use of OEM repair methods, rising costs and changes in the industry. There was a second panel discussing how to rein- state an industry standard as AMBRA shop grading has failed to launch.
American diagnostic and calibration
company Repairify is planning to launch in Australia soon. President Cris Hollingsworth discussed the growth of recalibration and outlined his compa- ny's credentials.
The conference wrapped with another networking drinks session with all del- egates agreeing that Mike Anderson is an amazing presenter with so many val- uable insights to share.
CLOUDY FY22 REPORT FOR SUNCORP
SUNCORP'S INSURANCE PROFITS ARE
down 68 percent in FY22 compared with FY21 — $174 million versus $547 million profit. Group net profit after tax was down by 34.1% to $681 million,
while cash earnings were down 36.7% to $673 million. La Niña led to around 130,000 natural hazard claims. This resulted in the Group exceeding its natural hazard allowance by $101 mil-
lion, with significant recoveries made under the Group’s reinsurance program. The Group reported record gross written premium (GWP) growth in the second half
of the financial year across its Australian and New Zealand insurance businesses of 9.9%. Insurance Australia delivered full year GWP growth of 9.2%, excluding port-
folio exits, which was broad based across all portfolios
Suncorp recently announced it wants to sell its banking arm to ANZ however the sale remains subject to regulatory and Gov- ernment approvals.