icare hands out TMF awards
18 September 2017
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
Flammable cladding ban ‘not the answer’
11 September 2017
The Senate inquiry into non-compliant building products has proposed a “total ban” on flammable cladding, but insurers and experts fear deeper problems may be overlooked…
NSW builders’ warranty scheme names broker distributors
11 September 2017
Insurance and Care NSW has unveiled the chosen distributors for its Home Building Compensation Fund…
NZ insurers attack deal for uninsured quake victims
11 September 2017
A government settlement with a group of uninsured Christchurch property owners known as the Quake Outcasts may provide an incentive to shun cover, the Insurance Council of New Zealand warns…
ICA seeks help on NSW duty removal deadline
11 September 2017
Insurers have called for help from the NSW Government as they struggle to meet a January start date for removing stamp duty from crop and livestock policies and various small business covers…
Taskforce seeks feedback on ASIC banning power reform
11 September 2017
The Australian Securities and Investments Commission would have powers to ban a person from being a senior manager in a financial services business under proposals put forward for comment by a taskforce…
ASIC, APRA figures to speak at actuaries’ seminar
11 September 2017
Two regulators will speak at the Actuaries Institute’s Responding to Risk seminar this Wednesday…
ARPC payments to Canberra will top $1 billion by 2020
04 September 2017
The Australian Reinsurance Pool Corporation’s cumulative payments to the Government will reach $1.02 billion by the 2020 financial year, according to its latest corporate plan…
APRA to focus on fintech, cyber crime
04 September 2017
The Australian Prudential Regulation Authority’s new corporate plan highlights fintech and cyber crime as key challenges…
Most small licensees’ PI covers up to scratch: ASIC
04 September 2017
A targeted review of professional indemnity insurance held by 56 financial services licensees shows only three did not comply with defence cost regulatory requirements, according to the Australian Securities and Investments Commission…
ARPC puts cyber on table for coverage review
04 September 2017
The Australian Reinsurance Pool Corporation says next year’s triennial review of the organisation should consider extending coverage to include property damage from cyber attacks…
ASIC plan of action targets fraud practices
04 September 2017
Insurers’ handling of fraudulent claims will face scrutiny under the Australian Securities and Investments Commission’s focus on financial product and service provider practices…
NZ regulator to tackle oversight gaps
04 September 2017
New Zealand’s Financial Markets Authority will examine gaps in insurance sector oversight after issues were identified by an International Monetary Fund assessment…
ASIC seeks feedback on car dealer add-on reforms
28 August 2017
The Australian Securities and Investments Commission has released a consultation paper on its proposals to reform the way add-on insurance and warranties are sold via car dealerships…
Mitigation shortfall threatens premiums: NIBA
28 August 2017
Australians will struggle to afford property cover unless governments at all levels step up disaster mitigation efforts, the National Insurance Brokers Association says…
SIRA consults on building comp standards
28 August 2017
The State Insurance Regulatory Authority wants feedback from builders, homeowners, financial service providers and other stakeholders on proposed home building compensation insurance standards in NSW…
Queensland passes building product safety laws
28 August 2017
The Queensland Government has passed laws to increase accountability for dangerous building products, including flammable building cladding…
ICNZ rejects Labour quake tribunal proposal
28 August 2017
The Insurance Council of New Zealand has condemned Labour Party plans to establish an arbitration tribunal for Canterbury earthquake disputes if it wins next month’s national election…
Regtech forum seeks to foster understanding
28 August 2017
The Australian Securities and Investments Commission will hold a Regtech Showcase in Sydney as it looks to foster greater understanding of the sector…
ASIC keeps enforcement focus on financial services
28 August 2017
The Australian Securities and Investments Commission says it will maintain a focus on enforcing higher standards in financial services this half-year…