30 September 2019
Australian Prudential Regulation Authority industry levy calculations and details about how they will be used should be more transparent given the costs involved, the Insurance Council of Australia says...
30 September 2019
The Australian Prudential Regulation Authority is seeking feedback on its proposals for integrating a new accounting standard into insurers’ prudential framework...
30 September 2019
The Australian Building Codes Board will amend the National Construction Code to address issues related to flammable cladding...
30 September 2019
Claims handling by insurance companies after the Kaikoura earthquake has received a mixed assessment in presentations to the New Zealand Earthquake Commission inquiry...
30 September 2019
New financial services legislation will be unveiled in New Zealand soon to ban incentives such as overseas trips and bonuses that are tied to sales targets...
23 September 2019
Actuarial consultant Finity believes insurers may have to start reviewing existing remuneration schemes before the reforms recommended by the Hayne royal commission begin in 2021 as expected...
23 September 2019
Calls from the Australian Financial Complaints Authority for a ban on all unsolicited sales of financial products have sparked a response on hawking reform from the Insurance Council of Australia...
23 September 2019
The NSW State Insurance Regulatory Authority says it will “be more proactive” in publishing details of workers’ compensation scheme and insurer performance, following transparency recommendations made by the Hayne royal commission...
23 September 2019
The Insurance Council of Australia says a proposed increase in the Warragamba Dam’s capacity would only be used for flood control, and opponents of a wall-raising project may be over-estimating upstream impacts...
23 September 2019
The flood risk for more than 500 properties in Roma has been downgraded after the completion of an $8.3 million mitigation project in the south-western Queensland town...
23 September 2019
Insurers need to remedy their recovery planning significantly before they are judged to have credible plans in place, the Australian Prudential Regulation Authority says...
23 September 2019
The Victorian Building Authority will not halt its bid to pursue a disciplinary process against engineer Bruce Thomas, who worked on a high-rise apartment building that caught fire in February...
23 September 2019
The Australian Reinsurance Pool Corporation has appointed Helen Williams as COO...
16 September 2019
A Government-backed reinsurance pool or insurance mutual would provide only marginal premium relief – if any – for the north of Australia, the Insurance Council of Australia says in a submission...
16 September 2019
The Insurance Council of Australia has urged greater competition in icare’s claims management, as an independent review into the NSW workers’ compensation scheme continues...
16 September 2019
Insurers will need to give close consideration to the policy terms they include in standard form contracts when unfair contract terms laws are extended to the sector, law firm Clyde & Co says...
16 September 2019
An enforced four-day pause in the sale of add-on insurance would allow time for a purchasing “halo-effect” to fade, Treasury says in a consultation paper on proposed new rules...
16 September 2019
Draft regulations for financial product design and distribution obligations have not addressed Insurance Council of Australia concerns over how the rules will apply when policies are renewed...
16 September 2019
Treasury is seeking feedback on its draft legislation that would expand the supervisory powers of the Australian Securities and Investments Commission...
16 September 2019
The Australian Financial Complaints Authority is kicking off a six-month roadshow aimed at addressing Australians’ lack of awareness on how to resolve a dispute with insurers and other financial firms...