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Regulatory & Government

RBNZ sets out full proposals for more active regulation 

02 October 2023

The Reserve Bank of New Zealand has released a full set of legislative proposals, which include introducing a breach reporting regime and a wider range of enforcement tools, as it looks to become a more proactive insurance regulator...

Government assists law firm for 16 weeks after cyber attack 

25 September 2023

The Australian Government says it has coordinated assistance for law firm HWL Ebsworth for 16 weeks after it reported a cyber-incident in May that compromised the data of hundreds of motor injury insurance claimants, as well as a large number of private sector clients and 65 public entities...

NSW budget a ‘missed opportunity’: ICA 

25 September 2023

The Insurance Council of Australia says last week’s NSW state budget was a “missed opportunity” to cut insurance taxes and encourage greater uptake of cover...

Insurer CEOs, Assistant Treasurer visiting London, Munich 

18 September 2023

Insurance Council of Australia representatives will join Federal Assistant Treasurer Stephen Jones in London and Munich this week in a high-level dialogue with global sector leaders described as the first of its kind...

Cyber breach notification rate drops 16%  

18 September 2023

There were 409 notifications of data breaches lodged in Australia in the six months to June, the Office of the Australian Information Commissioner says, down 16% from 486 in the corresponding period a year earlier...

ASIC to host annual forum in November  

18 September 2023

The Australian Securities and Investments Commission will host this year's forum and annual dinner on November 21-22 at the Sofitel Melbourne on Collins...