Regulatory & Government

A Government-backed reinsurance pool or insurance mutual would provide only marginal premium relief – if any – for the north of Australia, the Insurance Council of Australia says in a submission...

The Insurance Council of Australia has urged greater competition in icare’s claims management, as an independent review into the NSW workers’ compensation scheme continues...

Insurers will need to give close consideration to the policy terms they include in standard form contracts when unfair contract terms laws are extended to the sector, law firm Clyde & Co says...

An enforced four-day pause in the sale of add-on insurance would allow time for a purchasing “halo-effect” to fade, Treasury says in a consultation paper on proposed new rules...

Draft regulations for financial product design and distribution obligations have not addressed Insurance Council of Australia concerns over how the rules will apply when policies are renewed...

Treasury is seeking feedback on its draft legislation that would expand the supervisory powers of the Australian Securities and Investments Commission...

The Australian Financial Complaints Authority is kicking off a six-month roadshow aimed at addressing Australians’ lack of awareness on how to resolve a dispute with insurers and other financial firms...