23 September 2013
The Victorian Managed Insurance Authority has reported a $244 million operating profit for the year to June 30, driven by surging investment income and a drop in claims and expenses…
23 September 2013
New Zealand’s Accident Compensation Corporation has proposed lower levy rates and the introduction of risk rating for cars…
23 September 2013
WorkSafe Victoria has recorded a $1.08 billion profit for the year to June 30, recovering from a $676 million loss the previous year via increased investment income and changes to the calculation of claims liability…
16 September 2013
The Australian Securities and Investments Commission has launched Federal Court proceedings against a payday lender that also sold consumer credit insurance…
16 September 2013
WA’s Economic Regulation Authority has recommended splitting builders’ warranty insurance into construction and warranty cover, and letting the building industry provide post-construction warranty…
16 September 2013
Most stakeholders hold positive views of the Australian Securities and Investments Commission, but key limitations are also identified in the regulator’s annual survey…
16 September 2013
Vero, IAG, QBE and Lumley are among 99 companies to receive Reserve Bank of New Zealand insurance licences…
09 September 2013
The general insurance industry is likely to face another inquiry under the new Coalition Federal Government, which was elected at the weekend…
09 September 2013
The Australian Prudential Regulation Authority has issued guidelines on data risk management for general insurers, and warned them to “think long and hard” before outsourcing data management…
09 September 2013
Company directors face “a myriad of different rules in different states” regarding directors’ and officers’ insurance, according to Catlin Australia Senior Underwriter for Financial and Professional…
09 September 2013
Pet insurers have improved product disclosure after a series of complaints from consumers, according to the Australian Securities and Investments Commission…
09 September 2013
The Queensland Government has relaxed its rules on employers self-insuring for workers’ compensation…
09 September 2013
The Reserve Bank of New Zealand has issued guidelines on groups that can use descriptions such as insurance, assurance, underwriter and reinsurance…
02 September 2013
General insurers have questioned the Australian Prudential Regulation Authority’s proposal for the appointment of dedicated chief risk officers…
02 September 2013
More than 30,000 car owners will receive more than $15 million in refunds after an investigation uncovered improper financing of tyre and rim insurance premiums by some of Australia’s largest car financiers…
02 September 2013
Insurance company boards are struggling to engage with the internal capital adequacy assessment process that was introduced earlier this year, Finity Consulting Principal Scott Collings says…
02 September 2013
General insurers are still assessing whether the current wave of new regulations will benefit consumers, IAG Chief Actuary Tim Clark says…
02 September 2013
Insurers’ high cost of capital is a major concern for ratings agencies, according to Standard & Poor’s Head of Research Asia-Pacific Michael Vine…
26 August 2013
The general insurance industry faces fresh scrutiny from the Australian Prudential Regulation Authority this financial year…
26 August 2013
Sydney broker Bradley Lofts found himself caught in a bizarre coincidence last week when the Australian Securities and Investments Commission permanently banned a Queensland financial adviser…