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Virus impact, regulatory changes top FSC’s life summit program

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The Financial Services Council (FSC) will kick off its annual Life Insurance Summit later this month with an opening session from Superannuation, Financial Services and Financial Technology Assistant Minister Jane Hume.

She will present the Government’s view on the state of the industry on the opening day of the summit on July 27, followed by a session on the impact of the coronavirus on the life industry.

TAL CEO Brett Clark, AIA CEO Damien Mu and MLC Insurance Managing Executive Sean McCormack will take part in the coronavirus session discussion.

The annual conference this year is taking place via webinars in the week of July 27. Sessions will run in the morning, focusing on specific topics facing the industry.

Retail and direct insurance, group insurance, mental heath and looming regulatory and legislative reforms are on the agenda too.

The summit has lined up a strong list of speakers, including high-profile actuary John Trowbridge, a former Member of the Australian Prudential Regulation Authority, who chaired an independent review a few years ago on ways to improve the industry.

The Australian Securities and Investments Commission Deputy Chairman Karen Chester, and Life Code Compliance Committee Chairman Anne Brown are also set to give their take on the industry.