27 September 2021
Finalised anti-hawking regulatory guidance has removed a travel insurance example in favour of a home purchase scenario and has provided more information on how to determine if a consumer would “reasonably expect” to be offered a particular product...
27 September 2021
The NSW State Insurance Regulatory Authority is looking at options to improve legal support and assistance for people injured in motor accidents after a review found some claimants may need more help navigating the scheme following reforms...
27 September 2021
NSW state-owned insurer icare has appointed Kylie Willment and Virginia Malley as non-executive directors as a board renewal process continues...
27 September 2021
Credit card repayment insurance is a “poor value” product that is often sold with numerous exclusions and very prescriptive conditions, resulting in consumers not receiving the benefits they expected, according to New Zealand’s Financial Markets Authority...
27 September 2021
The prudential regulator says consultation on reforms to the insurance capital framework to reflect changes in new accounting standard AASB 17 is among its policy priorities in the fourth quarter...
20 September 2021
The Federal Government has finalised deferred sales model exemption regulations for the new regime aimed at preventing high pressure sales tactics...
20 September 2021
Commonwealth Bank of Australia says it will plead guilty to 30 criminal charges filed by the corporate regulator alleging the business mis-sold consumer credit insurance products between 2011 and 2015...
20 September 2021
The Victorian Building Authority is supporting research by RMIT University into fire safety and solar panels installed on multi-storey building facades to harvest energy without extensive roof space...
20 September 2021
Julie-Anne Schafer has been appointed to the board of the Australian Reinsurance Pool Corporation by the Federal Government for a three-year term...
20 September 2021
The Australian Prudential Regulation Authority has released a new set of frequently asked questions to clarify the regulatory capital treatment of investments in overseas deposit-taking and insurance subsidiaries...
13 September 2021
The Australian Securities and Investments Commission has released finalised guidance for breach reporting obligations after making some changes resulting from industry feedback...
13 September 2021
The Federal Court has ordered Allianz Australia and its subsidiary AWP to pay $1.5 million in penalties for mis-selling travel insurance policies through Expedia websites...
13 September 2021
The corporate regulator has provided a half-year update of its enforcement work, including about $29.6 million in civil penalties imposed by the courts as a result of actions it has taken on compliance failures...
13 September 2021
The Australian Prudential Regulation Authority’s 2021 Stakeholder Survey reveals measures brought in to address risks from COVID have been given the thumbs up by insurers and other regulated financial service entities...
13 September 2021
SIRA and icare have jointly granted $9.6 million over five years to the John Walsh Centre for Rehabilitation Research to help improve life for people living with injury-related disability...
13 September 2021
Samantha Barrass has been appointed CEO at New Zealand’s Financial Markets Authority, effective in January...
13 September 2021
The Federal Government has appointed the inaugural members of the Financial Regulator Assessment Authority, which is tasked with reviewing and reporting on Australia’s twin watchdogs...
06 September 2021
The National Insurance Brokers Association is urging insurance brokers to familiarise themselves with a paper outlining a new Climate Vulnerability Assessment underway at Australia’s largest five banks...
06 September 2021
The National Insurance Brokers Association has written to NSW Finance and Small Business Minister Damien Tudehope seeking a meeting over emergency services levy collection difficulties when placing risks with foreign insurers...
06 September 2021
NSW state insurer icare is set to start remediation payments for dust disease care program participants that have been underpaid after receiving a consultants’ report on the proposed process...