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  1. APRA says new funding helps oversight
    Australian Prudential Regulation Authority Chairman Wayne Byres says increased funding from this year’s Federal Budget will help boost regulatory oversight in areas including cyber resilience as next year looms as another difficult period following the COVID-19 outbreak..
    Regulatory & Government | 26 Oct 2020 01:52pm
  2. ASIC circulates information for UCT reforms
    The Australian Securities and Investments Commission has released information sheets on new unfair contract term rules and is undertaking “targeted supervisory work” as it prepares for the start of the controversial laws...
    Regulatory & Government | 26 Oct 2020 01:52pm
  3. Rising premiums give ARPC coffers a boost
    The Australian Reinsurance Pool Corporation says its financial performance last year was better than expected due to rate rises in underlying commercial insurance premiums...
    Regulatory & Government | 26 Oct 2020 01:51pm
  4. SIRA extends time for CTP review feedback
    The NSW State Insurance Regulatory Authority has extended the consultation period for a review of legal support for injured people accessing compulsory third party insurance...
    Regulatory & Government | 26 Oct 2020 01:50pm
  5. NZ regulator examines Aon-WTW deal
    New Zealand’s Commerce Commission is examining Aon’s proposal to acquire Willis Towers Watson after receiving a clearance application...
    Regulatory & Government | 26 Oct 2020 01:50pm
  6. NZ regulator calls for unity to spur recovery
    Collaboration between regulators and the financial institutions they oversee is critical as economies respond to and recover from the COVID-19 pandemic, the Reserve Bank of New Zealand says...
    Regulatory & Government | 26 Oct 2020 01:49pm
  7. IAG reports ‘low single digit’ premium growth in Q1, defends pay deal
    IAG recorded “low single digit” growth in gross written premium in the opening quarter of the current financial year, the insurer told shareholders at Friday’s annual general meeting...
    Corporate | 26 Oct 2020 01:46pm
  8. Pryce leads in the interim as QBE’s CEO search continues
    QBE says the appointment last week of group executive Richard Pryce as interim CEO will provide continuity as a search continues to fill the top role on a permanent basis...
    Corporate | 26 Oct 2020 01:45pm
  9. Suncorp business reset ‘well underway’
    Suncorp CEO Steve Johnston says a program to “reset” the business and pursue opportunities following COVID-19 is well underway...
    Corporate | 26 Oct 2020 01:45pm
  10. Picnic syndicate gains in-principle Lloyd’s approval
    Lloyd’s has granted in-principle approval under an innovation program for a new syndicate to support mutuals brought to the market by Sydney-based insurtech Picnic Labs...
    Corporate | 26 Oct 2020 01:44pm
  11. ANA Loss Adjusters appoints new CEO
    ANA Chartered Loss Adjusters has appointed Chay Wilkinson as CEO, effective in January, and plans to take on additional adjusters across Australia...
    Corporate | 26 Oct 2020 01:43pm
  12. Insurance House expands in NSW
    Insurance House has expanded in NSW with the acquisition of a key stake in authorised representative Commercial Insurance Group, based in the south-eastern Sydney suburb of Rockdale...
    Corporate | 26 Oct 2020 01:42pm
  13. Club Marine quits New Zealand market
    Recreational boat insurer Club Marine has announced it will pull out of the New Zealand market...
    Corporate | 26 Oct 2020 01:42pm
  14. Insurers expect COVID crisis to change industry
    More than 60% of senior insurance executives in Australia and the Asia Pacific believe business models will need to be reinvented post-COVID, according to a survey by global investment giant BlackRock...
    Local | 26 Oct 2020 01:38pm
  15. Ai Group calls for government intervention on hard market
    Ai Group is urging the federal and state governments to act to address the persistent hard market which is leaving many businesses facing “insurance stress”...
    Local | 26 Oct 2020 01:38pm
  16. Agile insurtechs respond to crisis opportunities
    Agile fintech companies, including insurtechs, have been able to respond quickly to the COVID-19 crisis and make the most of the new opportunities it has presented, according to the latest EY FinTech Australia Census...
    Local | 26 Oct 2020 01:36pm
  17. Brokers’ self-reporting gaps worry compliance committee
    The number of brokers failing to self-report code breaches has been flagged as a concern by the Insurance Brokers Code Compliance Committee...
    Local | 26 Oct 2020 01:36pm
  18. Car theft control group targets insurance fraud
    Vehicle crime is set to worsen because of the economic downturn, setting off a likely rise in insurance fraud, the National Motor Vehicle Theft Reduction Council warned in its Strategic Plan 2020-22...
    Local | 26 Oct 2020 01:35pm
  19. Mildest winter in five years precedes La Nina rains
    Australia’s 2020 winter was the mildest winter in five years, with warm temperatures and low wind, according to the latest Australian Actuaries Climate Index...
    Local | 26 Oct 2020 01:34pm
  20. Large reinsurance programs come at a price, S&P warns
    S&P Global Ratings has warned Australian insurers the price of reinsurance programs is set to increase as climate change fuels an expected rise in the severity of claims from extreme weather-related natural catastrophes...
    Local | 26 Oct 2020 01:33pm

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