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Regulatory & Government

ARPC locks in retrocession, boosts team

14 February 2022

The Australian Reinsurance Pool Corporation has renewed its $3.475 billion terrorism retrocession program and has bolstered its executive team as it prepares to expand its responsibilities to include cyclone risks...

ICA proposes time to take stock before reform deluge review

07 February 2022

Regulators should take a holistic approach to reviewing an avalanche of reforms introduced since the Hayne royal commission, while also allowing plenty of time to see how they operate in practice, the Insurance Council of Australia says...

New Zealand consults on income insurance scheme

07 February 2022

New Zealand has started consultations on a proposed income insurance scheme that would support workers made redundant, laid off or forced to step aside because of a health condition or disability...

SIRA releases CTP, workers' comp action plan

07 February 2022

The NSW State Insurance Regulatory Authority has released its roadmap for driving better outcomes and value for money from the workers’ compensation and compulsory third party schemes...

Competition lawyer appointed as ACCC Chair

31 January 2022

Law firm Gilbert + Tobin Senior Partner Gina Cass-Gottlieb will start her five-year term as Australian Competition and Consumer Commission Chair on March 21...

Mitigation, ACCC review backed by bushfires inquiry

13 December 2021

A Senate committee inquiry triggered by the Black Summer catastrophe has backed increased mitigation and resilience spending and an Australian Competition and Consumer Commission examination of insurance cover as part of actions to help lessen the impact of future bushfires...

Cyclone expertise proposed for ARPC board

13 December 2021

The Australian Reinsurance Pool Corporation should appoint a board member familiar with insurance issues facing residents in cyclone-prone areas if a proposed extension of its responsibilities goes ahead, a Triennial review has recommended...

ASIC releases JobKeeper payment details

13 December 2021

The Australian Securities and Investments Commission has released details of JobKeeper payments received by listed companies and their subsidiaries  including insurance businesses...

ASIC cyber resilience report flags room for improvements

13 December 2021

The Australian and Securities Investments Commission has urged financial market firms to strengthen their defences to address the growing cyber threat after its latest report found improvements made in the last two years failed to meet expectations...