Regulatory & Government
02 October 2017
The number of WA motor accident victims being encouraged to lodge an exaggerated or false motor injury insurance claim has risen “dramatically” to 322 in the past two years, according to the WA Insurance Commission…
02 October 2017
The Australian Prudential Regulation Authority has released a consultation paper in response to last year’s submissions regarding proposals to improve the functions of insurers’ appointed actuaries…
02 October 2017
The New Zealand Financial Markets Authority says it will release findings from a targeted review of 24 life insurance advisers with a high level of policy churn by the end of this year…
02 October 2017
The National Warranty Company has undertaken to amend “potentially misleading” extended warranties it has been selling through new and used-vehicle dealerships nationwide since early 2015…
02 October 2017
Mutuals, co-operatives and community-based organisations have a key role in providing insurance access and should be regulated appropriately, according to a guidance paper from the International Association of Insurance Supervisors…
25 September 2017
The Queensland Government says it will push for a national ban on aluminium composite panels with a flammable polyethylene core when it hosts the Building Ministers’ Forum in Brisbane next month…
25 September 2017
The Reserve Bank of New Zealand is considering 42 submissions on its review of the Insurance Prudential Supervision Act 2010 and will provide an update on its next step “in due course”…
25 September 2017
The Australian Securities and Investments Commission has forecast “significant change” to the ways it handles data when pursuing regulatory activities…
25 September 2017
The Australian Prudential Regulation Authority has written to insurers to assess how they will be affected by new accounting rules making it easier for investors to compare performance across international markets…
25 September 2017
Treasury is now taking submissions on priorities for the next financial year’s budget…
25 September 2017
New Zealand’s Financial Markets Authority says it will act against rogue directors in a crackdown on misuse of the Financial Service Providers Register…
18 September 2017
The Insurance Council of Australia wants general insurance treated differently to the banking sector in proposed laws increasing financial crisis management regulatory powers…
18 September 2017
Insurers can provide further feedback on rules for the new Australian Financial Complaints Authority, which is due to start operating from next July…
18 September 2017
The Insurance Council of Australia is midway through a two-year program to improve consumer understanding of products, according to a submission to the Productivity Commission…
18 September 2017
The Australian Securities and Investments Commission has published its market integrity report for the six months to June 30, highlighting a focus on cyber resilience, sell-side research and listing standards…
18 September 2017
WA’s Catastrophic Injuries Support scheme has assessed 28 people as eligible for treatment and care in its first year, and their young ages compared with forecasts has led to an increase in expected average costs…
18 September 2017
The Australian Reinsurance Pool Corporation backs the recently unveiled national security plan to protect crowded places from terror attacks similar to the Manchester Arena bombing in May…
18 September 2017
NSW Department of Education, in partnership with Allianz, won the “people’s choice” award for the SeekSMART vocational counselling program in Insurance and Care NSW’s TMF Awards for Excellence…
11 September 2017
The Senate inquiry into non-compliant building products has proposed a “total ban” on flammable cladding, but insurers and experts fear deeper problems may be overlooked…
11 September 2017
Insurance and Care NSW has unveiled the chosen distributors for its Home Building Compensation Fund…