31 August 2020
Consumer groups have rejected Australian Securities and Investments Commission plans that would delay add-on insurance product sales reforms, arguing buyers face greater immediate risks due to the coronavirus pandemic...
31 August 2020
The Australian Securities and Investments Commission has set out its guidance for insurtechs and financial services providers who want to test innovative products under new regulations that will kick in tomorrow...
31 August 2020
The Insurance Council of Australia has urged governments at federal and state levels to make permanent interim measures that allow the industry to submit compliance documents electronically during the pandemic...
24 August 2020
NSW state insurer icare has formed a corporate governance committee to examine performance issues raised in parliamentary inquiry hearings and in the media...
24 August 2020
NSW state insurer icare has started the search for a new CEO while Group Executive Don Ferguson temporarily takes on the role following the departure of John Nagle earlier this month...
24 August 2020
The Australian Securities and Investments Commission has allowed litigation funding schemes three months of relief measures as they transition to a new regulatory regime...
24 August 2020
The Australian Financial Complaints Authority wants commissions and claims ratios included in compulsory disclosures for add-on insurance sold with motor vehicles...
24 August 2020
A new government quad bike safety standard is to take effect from October 11 in a crackdown on the rate of fatalities, particularly on farms where these accidents are the leading cause of death and severe injury...
17 August 2020
The Federal Government is still looking at a Commonwealth-funded reinsurance cyclone pool for northern Australia, but it has not ruled out other options as a three-year inquiry into the region’s premium affordability problem nears completion...
17 August 2020
S&P Global Ratings is not expecting to make any rating changes when accounting rule IFRS 17 comes into effect in January 2023, changing the way insurers prepare their financial statements including profit and loss accounts...
17 August 2020
The WA Parliament has passed a bill to support healthcare employees who require access to workers’ compensation entitlements if they contract the COVID-19 virus...
17 August 2020
The Victorian Workers’ Compensation team at Gallagher Bassett has created an online portal to ease access to claim information and upload documents...
17 August 2020
Charities, not-for-profits and other local community service providers across Victoria, as well as local government authorities and four alpine resorts, have been invited to apply for $7.5 million in bushfire recovery grants...
17 August 2020
New Zealand’s Earthquake Commission has backed changes to tenancy laws that give renters greater flexibility to make minor alterations or additions that will secure their furniture and appliances against seismic movements...
17 August 2020
Non-exempt insurers in New Zealand will be required to submit solvency return projections on two bases starting from next month, as part of changes made by the central bank...
10 August 2020
The State Insurance Regulatory Authority says a review of icare by retired Supreme Court judge Robert McDougall will be an important opportunity to consider the performance of the scheme...
10 August 2020
Public consultations on key policy areas such as insurance capital reforms, suspended since late March because of the pandemic, will resume, the Australian Prudential Regulation Authority announced today...
10 August 2020
Australian Prudential Regulation Authority Chairman Wayne Byres has warned the worst from the pandemic is not over, revealing it remains on the alert for potential “severe stress” on the insurance and broader financial services sector...
10 August 2020
Stakeholders have been invited to provide feedback on proposed product intervention measures relating to add-on insurance sold with motor vehicles by August 19...
10 August 2020
Dispute resolution for the NSW workers’ compensation and compulsory third party schemes will be handled by a single tribunal in a change to simplify the system...