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 2021 APRA looking for 'protection gap' answers https://www.insurancenews.com.au/regulatory-government/apra-looking-for-protection-gap-answers https://www.insurancenews.com.au/regulatory-government/apra-looking-for-protection-gap-answers The Australian Prudential Regulation Authority says insurance accessibility and affordability challenges for parts of the community are likely to be exacerbated by increases in the frequency and severity of natural catastrophes, and the issue is a key focus...

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Mon, 25 Oct 2021 13:51:00 +1100
NSW explores new apartment defect insurance https://www.insurancenews.com.au/regulatory-government/nsw-explores-new-apartment-defect-insurance https://www.insurancenews.com.au/regulatory-government/nsw-explores-new-apartment-defect-insurance The NSW Government aims to “weed out” untrustworthy apartment developers with the introduction of decennial liability insurance to guarantee against major defects for up to 10 years and provide a safety net for consumers which is currently lacking in the multi-unit high rise sector...

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Mon, 25 Oct 2021 13:50:00 +1100
APRA remuneration guidance 'essential reading' https://www.insurancenews.com.au/regulatory-government/apra-remuneration-guidance-essential-reading https://www.insurancenews.com.au/regulatory-government/apra-remuneration-guidance-essential-reading The Australian Prudential Regulation Authority says finalised guidance for a new remuneration standard developed to rein in poor practices has been released, allowing insurers and other firms plenty of time to put in place required arrangements...

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Mon, 25 Oct 2021 13:49:00 +1100
ARPC operating surplus rises above forecast https://www.insurancenews.com.au/regulatory-government/arpc-operating-surplus-rises-above-forecast https://www.insurancenews.com.au/regulatory-government/arpc-operating-surplus-rises-above-forecast The Australian Reinsurance Pool Corporation has reported a better-than-expected operating result of $84.9 million due to rate increases in underlying commercial insurance premiums...

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Mon, 25 Oct 2021 13:48:00 +1100