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Regulatory & Government

ASIC weighs wider clampdown on cold calling

22 July 2019

The Australian Securities and Investments Commission is seeking feedback on whether its proposed ban on unsolicited phone sales for consumer credit insurance and life insurance should apply more widely...

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Insurance ‘loyalty tax’ rises to 34%, says Fels

22 July 2019

NSW Emergency Services Levy Insurance Monitor Allan Fels says recent research shows that, on average, customers renewing their insurance policy pay 34% more than new customers...

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APRA challenged over ‘culture of conformity’

22 July 2019

The Australian Prudential Regulation Authority has been told to end its “culture of conformity” and tackle risks including cultural issues and cyber threats, and to restructure to create insurance, banking and superannuation divisions...

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SA government probes motor insurance sector

22 July 2019

The SA Parliament has launched an inquiry into the state motor insurance and car repair industry...

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Climate change group ‘needs to be independent’: ICNZ

22 July 2019

The Insurance Council of New Zealand wants the Ardern Government to change its “zero carbon” bill to safeguard the independence and expert advice of the proposed climate change commission...

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