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Regulatory & Government

NSW sets PI deadline

07 October 2019

The NSW Government intends to lift the interim measure that allows registered certifiers to hold professional indemnity insurance with conditions...

APRA creates insurance division in shake-up

07 October 2019

The Australian Prudential Regulation Authority has created a separate insurance division to be led by Brandon Khoo as part of a shake-up of the regulator’s structure following the Hayne royal commission...

ICA seeks transparency on APRA levies

30 September 2019

Australian Prudential Regulation Authority industry levy calculations and details about how they will be used should be more transparent given the costs involved, the Insurance Council of Australia says...

Cladding sparks code amendment

30 September 2019

The Australian Building Codes Board will amend the National Construction Code to address issues related to flammable cladding...

NZ plans to outlaw sales incentives

30 September 2019

New financial services legislation will be unveiled in New Zealand soon to ban incentives such as overseas trips and bonuses that are tied to sales targets...

Pay system revamp on the cards as Hayne reforms loom

23 September 2019

Actuarial consultant Finity believes insurers may have to start reviewing existing remuneration schemes before the reforms recommended by the Hayne royal commission begin in 2021 as expected...

SIRA in push for workers' comp transparency

23 September 2019

The NSW State Insurance Regulatory Authority says it will “be more proactive” in publishing details of workers’ compensation scheme and insurer performance, following transparency recommendations made by the Hayne royal commission...

Warragamba Dam raising impact 'misunderstood'

23 September 2019

The Insurance Council of Australia says a proposed increase in the Warragamba Dam’s capacity would only be used for flood control, and opponents of a wall-raising project may be over-estimating upstream impacts...