'Discernible shift': ICA says politicians are waking up to mitigation message
21 February 2022
The Insurance Council of Australia says politicians are realising investment in natural disaster mitigation measures is required...
Regulatory & Government
Cyclone issues tip of the problem, Greens Senator says
14 February 2022
Australians around the country who will not benefit from the Federal Government’s planned cyclone reinsurance bill should have their voices heard, Greens Senator Nick McKim said last week in referring the bill to committee scrutiny...
Heat placed on Queensland govt to cut taxes
14 February 2022
Queensland Senator Susan McDonald has called on the state government to take action on insurance taxes as part of measures to reduce insurance costs in disaster-prone regions...
ARPC locks in retrocession, boosts team
14 February 2022
The Australian Reinsurance Pool Corporation has renewed its $3.475 billion terrorism retrocession program and has bolstered its executive team as it prepares to expand its responsibilities to include cyclone risks...
Privacy Act review discussion paper: ICA flags wordings concern
14 February 2022
The Insurance Council of Australia has responded to a discussion paper by the Attorney-General Department on potential changes to the Privacy Act, outlining areas where it may have an impact on the industry...
APRA outlines policy, supervision priorities
07 February 2022
The Australian Prudential Regulation Authority has released its policy and supervision priorities for the next 12 to 18 months...
ICA proposes time to take stock before reform deluge review
07 February 2022
Regulators should take a holistic approach to reviewing an avalanche of reforms introduced since the Hayne royal commission, while also allowing plenty of time to see how they operate in practice, the Insurance Council of Australia says...
New Zealand consults on income insurance scheme
07 February 2022
New Zealand has started consultations on a proposed income insurance scheme that would support workers made redundant, laid off or forced to step aside because of a health condition or disability...
SIRA releases CTP, workers' comp action plan
07 February 2022
The NSW State Insurance Regulatory Authority has released its roadmap for driving better outcomes and value for money from the workers’ compensation and compulsory third party schemes...
Mark Goodsell appointed to icare board
07 February 2022
Mark Goodsell has been appointed to the icare board following the retirement of Lisa McIntyre as a non-executive director...
Insurance next in line for Consumer Data Right expansion
31 January 2022
The Federal Government says reforms to give consumers greater access to their data will be extended to general insurance in the next phase of the program...
Tasmania set to reintroduce home warranty insurance
31 January 2022
Tasmania plans to reintroduce home warranty insurance in response to concerns about a lack of consumer protections, after a previous scheme in the state was abolished in 2008...
ASIC seeks regtech help in tackling poor disclosure
31 January 2022
The Australian Securities and Investments Commission is examining the use of regulatory technology to help uncover poor market disclosure by listed companies...
Competition lawyer appointed as ACCC Chair
31 January 2022
Law firm Gilbert + Tobin Senior Partner Gina Cass-Gottlieb will start her five-year term as Australian Competition and Consumer Commission Chair on March 21...
Powerline action cuts Victorian bushfire risk
31 January 2022
A Victorian powerline safety program introduced after the 2009 Black Saturday bushfires has cut risks across the state by 44%, a progress report has found...
Former Suncorp executive appointed to ARPC board
31 January 2022
The Australian Reinsurance Pool Corporation says the Federal Government has appointed former Suncorp Bank CEO David Foster to its board...
WA state insurer announces new commissioners
31 January 2022
The Insurance Commission of Western Australia has named three new commissioners to its board and appointed Commissioner Rob Bransby as Deputy Chairman...
Mitigation, ACCC review backed by bushfires inquiry
13 December 2021
A Senate committee inquiry triggered by the Black Summer catastrophe has backed increased mitigation and resilience spending and an Australian Competition and Consumer Commission examination of insurance cover as part of actions to help lessen the impact of future bushfires...
Cyclone expertise proposed for ARPC board
13 December 2021
The Australian Reinsurance Pool Corporation should appoint a board member familiar with insurance issues facing residents in cyclone-prone areas if a proposed extension of its responsibilities goes ahead, a Triennial review has recommended...
ASIC releases JobKeeper payment details
13 December 2021
The Australian Securities and Investments Commission has released details of JobKeeper payments received by listed companies and their subsidiaries including insurance businesses...