09 August 2021
Some of Australia’s largest insurers are keen to set up workplace vaccine programs as the nation races to get jabs in arms to reduce reliance on lockdowns to control the spread of COVID-19...
09 August 2021
The prudential regulator has called on the general insurance industry to improve its internal stress testing capabilities, following an assessment last year to identify ways insurers can enhance their capital management practices and improve adversity resilience...
09 August 2021
The government-backed terrorism insurance scheme is “best placed” to provide property damage cover from cyber attacks launched by extremists, according to the National Insurance Brokers Association...
09 August 2021
NSW state insurer icare says the key 26-week return-to-work rate has held steady while its net promoter score has continued a rise that began last year...
09 August 2021
Building firm Hansen Yuncken has been appointed as managing contractor of NSW’s flammable cladding Project Remediate program, which is removing cladding from affected residential buildings in the state...
02 August 2021
Insurers and financial institutions that discriminate against industries such as coal mining are not supporting the national economy, business representative organisation Townsville Enterprise has told a Parliamentary Committee inquiry hearing...
02 August 2021
The Insurance Council of Australia says it does not see any “real basis” to clarify further the term “utmost good faith” as spelled out in the Insurance Contracts Act in a submission to the Attorney-General’s Department...
02 August 2021
The Australian Securities and Investments Commission has released its regulatory guide and customer information requirements for the new add-on insurance deferred sales model...
02 August 2021
The Federal Government has listed the five projects where it will be investing more than $4.2 million to reduce the risk and impact of natural disasters on Australian communities...
02 August 2021
The Reserve Bank of New Zealand will host a webinar on Thursday to discuss its interim Solvency Standard for insurers...
26 July 2021
The Australian Securities and Investments Commission estimates about $24.702 million in total levy will be recovered from the general and life insurance industries to fund the cost of regulating the sectors in the last financial year...
26 July 2021
New Zealand’s Financial Markets Authority will write to 40 insurers after they lodged “poor” reviews of their own conduct in dealings with consumers...
26 July 2021
Many in the insurance industry are “struggling” to implement the raft of regulatory reforms made by the Hayne royal commission in its final report submitted in 2019 to the government, according to Xceedance...
26 July 2021
The Australian Securities and Investments Commission has posed 12 questions for feedback in a consultation paper released with draft regulation guidance for new hawking reforms...
26 July 2021
Treasury has released add-on reform draft regulations for feedback after the Federal Government this month announced a number of insurance product classes that would not fall under the regime...
26 July 2021
Insurers are “strongly encouraged” to engage with the Reserve Bank of New Zealand (RBNZ) as it invites views on an interim Solvency Standard designed to determine minimum amounts of capital cover providers must hold...
19 July 2021
The Australian Prudential Regulation Authority will require a number of insurers to review their risk management frameworks following “deficiencies” that led to the use of outdated business interruption policy wordings...
19 July 2021
The Federal Government plans to introduce wider ranging conduct laws for financial firm executives into the spring session of Parliament, along with legislation to set up a last resort disputes settlement compensation scheme...
19 July 2021
The Department of Home Affairs has released a cyber security paper for consultation, seeking feedback on a range of proposed options to strengthen the economy’s defence against ransomware and other digital threats...
19 July 2021
New Zealand’s Commerce Commission is assessing whether undertakings by Aon and Willis Towers Watson resolve its preliminary competition concerns over a planned merger of the brokerages...