15 June 2020
The Reserve Bank of New Zealand is introducing regular one-on-one meetings with actuaries which will not be attended by the management or board members of the designated insurer...
01 June 2020
The House of Representatives Standing Committee on Economics will this week scrutinise the insurance industry over a surge in code of practice breaches, as well as the sector’s COVID-19 response...
01 June 2020
An increase of more than 20% in the NSW Emergency Services Levy will have a dramatic effect on premiums this coming financial year, an insurer has warned...
01 June 2020
Aerial firefighting will be examined when the Royal Commission into National Natural Disaster Arrangements resumes hearings tomorrow...
01 June 2020
Insurers and brokers are urging insurance taxes be overhauled and governments ramp up disaster mitigation efforts in the wake of last summer’s devastating and costly bushfires...
01 June 2020
NSW state insurer icare has been instructed to keep its premium rates unchanged from June 30, saving businesses more than $325 million in an effort to boost confidence and stimulate the economy...
01 June 2020
Insurance companies should be getting ready for the extension of unfair contract terms obligations, the Australian Securities and Investments Commission says...
01 June 2020
New federal laws that will benefit insurtechs by reducing red tape and are aimed at promoting innovation by making it easier for fintech businesses to trial new products are set to take effect on September 1...
25 May 2020
Climate change and drier weather conditions are "loading the dice" as Australia’s bushfire risk increases, a Bureau of Meteorology scientist told the Royal Commission into National Natural Disaster Arrangements today...
25 May 2020
Australian Prudential Regulation Authority Chairman Wayne Byres says much of the planned policy and supervisory agenda for this year is likely to be pushed into 2021 as the COVID-19 response requires "all hands on deck"...
25 May 2020
Class action litigation funders will come under increased regulatory scrutiny following a Federal Government decision requiring that they hold an Australian Financial Services Licence...
25 May 2020
The National Insurance Brokers Association plans to step up its preparations for the new unfair contract terms regime that will commence next April...
25 May 2020
A Queensland cyclone resilience program that has strengthened more than 1700 homes and reduced premiums will receive an extra $21.25 million in a funding extension supported by insurers and brokers...
25 May 2020
The NSW State Insurance Regulatory Authority is asking insurers to get in touch if they are happy to host injured workers who are ready to begin recovering at work...
18 May 2020
The Royal Commission into National Natural Disaster Arrangements, also known as the bushfire royal commission, will tackle climate change during its initial hearings...
18 May 2020
The Australian Securities and Investments Commission says it is continuing to investigate the suspected misconduct of "several entities" involved in the consumer credit insurance market, with a view to taking enforcement action...
18 May 2020
Litigation funding arrangements and financial relationships between funders and plaintiff lawyers are among the areas to be examined by a parliamentary inquiry into the class action system...
18 May 2020
NSW state-insurer icare says the number of active workers’ compensation insurance claims has continued to decline after rising last year amid a technology upgrade and an adjustment in weekly payments...
18 May 2020
The Australian Financial Complaints Authority will hold online forums for its members over two days later this month...
11 May 2020
The Australian Securities and Investments Commission will delay the start of product design and distribution rules by six months following the Federal Government’s decision to defer the implementation of Hayne royal commission reforms...