NSW budgets $120 million for disaster resilience
29 June 2015
The NSW Government has allocated $120 million to natural disaster mitigation and recovery programs…
Regulatory & Government
Senate launches flammable cladding inquiry
29 June 2015
A Senate inquiry will investigate the impact of non-conforming building products, following November’s devastating fire in Melbourne’s Docklands…
APRA calls for disclosure review
29 June 2015
The Australian Prudential Regulation Authority has called on the insurance industry to review its public disclosure practices…
Reinsurance pool moving to Sydney
29 June 2015
The Australian Reinsurance Pool Corporation is relocating to Sydney from Canberra as a cost-saving measure…
APRA to publish more life insurer data
29 June 2015
Prescribed capital amounts, insurance risk charges and other complex financial data concerning life insurers will be published by the Australian Prudential Regulation Authority under a new ruling…
IAIS consults on loss requirements for major players
29 June 2015
The International Association of Insurance Supervisors has started consultation on higher loss absorbency requirements for global systemically important insurers…
Abbott attacks insurers’ northern premiums approach
22 June 2015
Prime Minister Tony Abbott has called on the insurance industry to “explain itself” over high property premiums in northern Australia and hinted that a solution could involve “new entrants” or “different types of insurance products”…
Senate committee splits on Comcare reform bill
22 June 2015
The Federal Government’s workers’ compensation scheme, Comcare, must be reformed to remain financially viable, the Senate was told last week…
ASIC considers peer panel to deter ‘delinquents’
22 June 2015
The Australian Securities and Investments Commission warns it will crack down on “delinquent culture”, and may set up a peer-review disciplinary panel for financial services…
FMA outlines oversight priorities
22 June 2015
New Zealand’s Financial Markets Authority will focus its resources on seven strategic priorities including governance and culture over the next four years…
SA insurance tax revenue to fall
22 June 2015
The SA Treasury expects less revenue from general insurance duties in 2015/16, reflecting lower premium growth…
APRA rules on reinsurance and assets
22 June 2015
The Australian Prudential Regulation Authority has clarified how reinsurance arrangements should be treated as assets, following a consultation that started last year…
NSW WorkCover watchdog calls for simpler system
15 June 2015
Amendments made to WorkCover NSW in 2012 have left the program “overly complex and a source of confusion and frustration for all scheme participants”, according to the WorkCover Independent Review Office…
IAG pushes insurance tax reform
15 June 2015
IAG has called for the abolition of stamp duty on insurance in its submission to the Federal Government’s tax discussion paper…
UK report ‘a shot in arm’ for Lloyd’s coverholders
15 June 2015
The UK insurance regulator’s critical review of delegated authorities reinforces the value of local representation, according to Talbot Australia MD Adam Matteson…
Laughlin to leave APRA
15 June 2015
Australian Prudential Regulation Authority Deputy Chairman Ian Laughlin will leave the insurance regulator at the end of this month when his five-year term expires…
Palaszczuk ‘righting the wrongs’ of Newman WorkCover changes
15 June 2015
The Queensland Government is to wind back “harsh and unfair” changes to WorkCover legislation made under former premier Campbell Newman…
NZ FMA shakes up executive team
15 June 2015
New Zealand’s Financial Markets Authority has announced appointments and a new role within its executive team…
NZ considers commissions ban
09 June 2015
The New Zealand Government is consulting on regulation of the financial advice industry, with commissions in the firing line…
Credit card providers to improve travel insurance disclosure
09 June 2015
Credit card issuers and insurers have agreed to improve the information they disclose about travel cover provided through their cards…