APRA finalises reporting standards
02 August 2010
The Australian Prudential Regulation Authority has released the final reporting standards, forms and instructions for its simplified reporting framework for general insurers…
Regulatory & Government
New ASIC commissioner for Queensland
02 August 2010
The Australian Securities and Investments Commission has appointed Victorian lawyer Pamela Hanrahan as Regional Commissioner for Queensland…
Search is on for new terrorism reinsurance pool boss
26 July 2010
Recruiters are seeking a new boss for the Australian Reinsurance Pool Corporation following the retirement of inaugural CEO Neil Weeks after seven years in the role…
NZ insurers to benefit from GST amendments
26 July 2010
The New Zealand insurance industry is set to benefit from transitional relief to be granted to firms ahead of an increase in GST from October…
Retail credit ratings agency launched
26 July 2010
Insurance brokers are likely to be big users of new domestic credit ratings agency Australia Ratings, which has become the first agency licensed to rate local retail and institutional…
WorkCover WA announces new board member
26 July 2010
WorkCover WA has appointed Ian Williams as its board member with insurance expertise, replacing QBE’s Regional Manager WA/NT Steve Burns who has completed his three-year term…
APRA releases technical papers
19 July 2010
The Australian Prudential Regulation Authority has released two technical papers as part of its review of the capital standards for general and life insurers…
Move to align NZ ACC levies to risk profile
19 July 2010
The NZ Government has announced plans to promote improved workplace safety by moving to align accident compensation levies with the actual risk…
ISI chief quits, vows to defend charges
19 July 2010
The former chief of New Zealand’s Investment Savings and Insurance Association Vance Arkinstall will “strenuously defend” civil and criminal charges that he allegedly misled investors…
Association chief accused of misleading investors
12 July 2010
New Zealand’s Investment Savings and Insurance Association CEO Vance Arkinstall is among six directors of North South Finance charged with misleading investors over the financial state…
UAC calls for abolition of fire services levy
12 July 2010
The Underwriting Agencies Council has called on the Victorian Government to dump the fire services levy in favour of a more equitable scheme of emergency services funding…
Melbourne group makes financial centre bid
12 July 2010
Melbourne-based academic think tank the Australian Centre for Financial Studies has announced its bid to host the Federal Government’s proposed Centre for International Finance…
APRA beefs up capital standards
05 July 2010
Both life and general insurers could face increased capital requirements under changes proposed by the Australian Prudential Regulation Authority…
Industry concerned over new capital standards
05 July 2010
Risk insurers believe the new capital standards being proposed by the prudential regulator could increase minimum capital requirements and add unnecessary complexity…
ASIC’s class order retains its complexity
05 July 2010
The Australian Securities and Investments Commission has ignored broker concerns by releasing further amendments to a class order regulating group purchasing bodies…
Terrorist attack added to disasters list
05 July 2010
Terrorist attacks have been added to the Federal Government’s Natural Disaster Relief and Recovery Arrangements list of covered events…
APRA introduces simplified reporting
28 June 2010
New prudential reporting requirements are expected to simplify the process for general insurers, according to the Australian Prudential Regulation Authority…
Brokers still unhappy with class order
28 June 2010
Brokers believe that a regulatory class order offering relief for group purchasing bodies is unnecessarily confusing and expensive…
Short PDS regulations passed
28 June 2010
New regulations promoting short and simple product disclosure statements are in place, but do not initially apply to general insurance products…
Brokers miss out on credit code exemption
21 June 2010
Brokers have missed out on an exemption to the incoming national consumer credit protection regime, presenting potential compliance headaches for those involved in premium funding…