insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2019 Treasurer puts industry ‘on notice’ as reforms roll out https://www.insurancenews.com.au/regulatory-government/treasurer-puts-industry-on-notice-as-reforms-roll-out https://www.insurancenews.com.au/regulatory-government/treasurer-puts-industry-on-notice-as-reforms-roll-out Insurance is squarely in the Federal Government’s sights, with Treasurer Josh Frydenberg setting out a schedule to rapidly introduce Hayne royal commission reforms...

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Mon, 19 Aug 2019 14:32:00 +1000
Treasury to review timing of documentation for levies https://www.insurancenews.com.au/regulatory-government/treasury-to-review-timing-of-documentation-for-levies https://www.insurancenews.com.au/regulatory-government/treasury-to-review-timing-of-documentation-for-levies The Australian Prudential Regulation Authority may be open to changing the release date of the Cost Recovery Impact Statement that accompanies the annual supervisory funding levy consultations...

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Mon, 19 Aug 2019 14:31:00 +1000
Insurance a priority in ASIC’s new corporate plan https://www.insurancenews.com.au/regulatory-government/insurance-a-priority-in-asics-new-corporate-plan https://www.insurancenews.com.au/regulatory-government/insurance-a-priority-in-asics-new-corporate-plan “Addressing harms in insurance” is one of seven top strategic priorities listed in the Australian Securities and Investments Commission’s (ASIC’s) new Corporate Plan, to be published at the end of the month...

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Mon, 19 Aug 2019 14:30:00 +1000
APRA uses funds to recruit 150 https://www.insurancenews.com.au/regulatory-government/apra-uses-funds-to-recruit-150 https://www.insurancenews.com.au/regulatory-government/apra-uses-funds-to-recruit-150 The Australian Prudential Regulation Authority is trying to boost its staff numbers by up to 150 people with additional funding provided by the Federal Government...

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Mon, 19 Aug 2019 14:29:00 +1000
Home checks still needed in quake-hit region, ICNZ says https://www.insurancenews.com.au/regulatory-government/home-checks-still-needed-in-quake-hit-region-icnz-says https://www.insurancenews.com.au/regulatory-government/home-checks-still-needed-in-quake-hit-region-icnz-says The Insurance Council of New Zealand has warned property buyers in earthquake-affected Christchurch and surrounding areas to check carefully before buying homes...

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Mon, 19 Aug 2019 14:27:00 +1000
ASIC updates climate change guidance https://www.insurancenews.com.au/regulatory-government/asic-updates-climate-change-guidance https://www.insurancenews.com.au/regulatory-government/asic-updates-climate-change-guidance The Australian Securities and Investments Commission has updated its guidance for climate change-related disclosure...

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Mon, 19 Aug 2019 14:26:00 +1000
Transport ministers seek CTP cover for automated vehicles https://www.insurancenews.com.au/regulatory-government/transport-ministers-seek-ctp-cover-for-automated-vehicles https://www.insurancenews.com.au/regulatory-government/transport-ministers-seek-ctp-cover-for-automated-vehicles Compulsory third party insurance schemes across Australia should be amended to cover automated vehicles, Australia’s transport ministers agreed at a meeting in Adelaide earlier this month...

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Mon, 19 Aug 2019 14:26:00 +1000
ARPC creates general counsel role https://www.insurancenews.com.au/regulatory-government/arpc-creates-general-counsel-role https://www.insurancenews.com.au/regulatory-government/arpc-creates-general-counsel-role The Australian Reinsurance Pool Corporation has promoted Janice Nand to a new position of General Counsel on its senior executive team...

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Mon, 19 Aug 2019 14:25:00 +1000
SIRA consults on minor injury provisions https://www.insurancenews.com.au/regulatory-government/sira-consults-on-minor-injury-provisions https://www.insurancenews.com.au/regulatory-government/sira-consults-on-minor-injury-provisions The State Insurance Regulatory Authority is reviewing the “minor injury” provisions contained in the Motor Accident Injuries Act, which underpins the no-fault compulsory third party scheme launched in 2017...

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Mon, 19 Aug 2019 14:24:00 +1000
New approach for NZ financial regulators https://www.insurancenews.com.au/regulatory-government/new-approach-for-nz-financial-regulators https://www.insurancenews.com.au/regulatory-government/new-approach-for-nz-financial-regulators The New Zealand Council of Financial Regulators is establishing a new vision to better coordinate financial system regulation and more effectively recognise the specific responsibilities of its member agencies...

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Mon, 19 Aug 2019 14:24:00 +1000