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  1. Further talks planned over complaints body rules
    Insurers can provide further feedback on rules for the new Australian Financial Complaints Authority, which is due to start operating from next July…
    Regulatory & Government | 18 Sep 2017 02:35pm
  2. ICA rejects APRA crisis control proposal
    The Insurance Council of Australia wants general insurance treated differently to the banking sector in proposed laws increasing financial crisis management regulatory powers…
    Regulatory & Government | 18 Sep 2017 02:35pm
  3. ASIC focuses on cyber resilience
    The Australian Securities and Investments Commission has published its market integrity report for the six months to June 30, highlighting a focus on cyber resilience, sell-side research and listing standards…
    Regulatory & Government | 18 Sep 2017 02:34pm
  4. ICA at halfway mark on disclosure reform
    The Insurance Council of Australia is midway through a two-year program to improve consumer understanding of products, according to a submission to the Productivity Commission…
    Regulatory & Government | 18 Sep 2017 02:34pm
  5. ARPC supports ‘crowded places’ anti-terror plan
    The Australian Reinsurance Pool Corporation backs the recently unveiled national security plan to protect crowded places from terror attacks similar to the Manchester Arena bombing in May…
    Regulatory & Government | 18 Sep 2017 02:33pm
  6. WA road injury scheme costs exceed forecast
    WA’s Catastrophic Injuries Support scheme has assessed 28 people as eligible for treatment and care in its first year, and their young ages compared with forecasts has led to an increase in expected average costs…
    Regulatory & Government | 18 Sep 2017 02:33pm
  7. icare hands out TMF awards
    NSW Department of Education, in partnership with Allianz, won the “people’s choice” award for the SeekSMART vocational counselling program in Insurance and Care NSW’s TMF Awards for Excellence…
    Regulatory & Government | 18 Sep 2017 02:30pm
  8. Insurtechs force industry to keep up
    Australia’s major insurers are building their digital strengths in response to the insurtech challenge, according to IT consultant Capgemini…
    Local | 18 Sep 2017 02:28pm
  9. Annual vehicle theft figures rise
    The number of vehicle thefts nationwide grew 4% to 56,184 last financial year, according to the National Motor Vehicle Theft Reduction Council…
    Local | 18 Sep 2017 02:27pm
  10. Rate rises to lift NZ insurers, S&P says
    New Zealand property and casualty insurers will receive an earnings boost from rate rises in personal and commercial lines, according to S&P Global Ratings…
    Local | 18 Sep 2017 02:27pm
  11. Road crashes take $30 billion toll on economy
    Deaths, injuries and other consequences of road accidents cost the economy almost $30 billion a year, according to the Australian Automobile Association…
    Local | 18 Sep 2017 02:26pm
  12. Flammable cladding ‘faces coverage rejection’
    Buildings featuring flammable cladding that does not adhere to Australian standards may find it hard to access full insurance cover, according to Strata Community Insurance…
    Local | 18 Sep 2017 02:26pm
  13. Little lies cause big trouble, NZ Ombudsman warns
    New Zealand Insurance & Financial Services Ombudsman Karen Stevens has warned consumers against believing a “bit of a lie” won’t hurt when it comes to insurance…
    Local | 18 Sep 2017 02:25pm
  14. Quake settlements tracking ahead of expectations
    Private insurers have settled or partially settled 59% of residential and commercial claims from the Kaikoura earthquake, the Insurance Council of New Zealand says…
    Local | 18 Sep 2017 02:25pm
  15. AustralianSuper drops default cover for under-25s
    AustralianSuper will stop providing default life cover for people aged under 25 who sign up with the fund…
    Life Insurance | 18 Sep 2017 02:23pm
  16. ISWG suggests more transparency on premium adjustment
    The Insurance in Superannuation Working Group has proposed ways to improve transparency around premium adjustment mechanisms…
    Life Insurance | 18 Sep 2017 02:20pm
  17. BT earmarks $12 million for customers hit by exclusion
    BT Financial Group will make $12 million of “goodwill payments” to 103 customers who were denied claims because of exclusion clauses around pre-existing conditions…
    Life Insurance | 18 Sep 2017 02:20pm
  18. AMP hails case managers’ motivational approach
    Motivational interview techniques have produced a 34% increase in customer re-engagement with treatment, AMP says…
    Life Insurance | 18 Sep 2017 02:19pm
  19. TAL educates advisers on cancer
    TAL has introduced an education course to increase financial advisers’ understanding of cancer conditions and help them give clients the best possible support…
    Life Insurance | 18 Sep 2017 02:19pm
  20. Adviser guilty over false education documents
    Victorian financial adviser Michael Davie has been placed on a 12-month good behaviour bond without a conviction for submitting false or misleading statements to the Australian Securities and Investments Commission…
    Life Insurance | 18 Sep 2017 02:19pm

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