Brought to you by:

Regulatory & Government

Regulatory burdens stifle innovation: ICA

13 August 2018

Increased regulatory requirements are holding back industry innovation as insurers expend more resources on compliance, the Insurance Council of Australia has warned a federal parliamentary committee…

FMA ‘losing patience’ on conduct

13 August 2018

New Zealand’s Financial Markets Authority has warned the industry to improve governance practices and root out misconduct and conflicts of interest…

ASIC forces $250 million in H1 compo

13 August 2018

The financial services sector paid nearly $257 million in compensation and remediation to consumers and investors in the first half of this year…

NIBA seeks feedback on aviation framework

13 August 2018

The National Insurance Brokers Association wants members to provide feedback to the Government’s review of the civil aviation insurance and liability framework…

Attacks to fore as data breaches rise

06 August 2018

Malicious or criminal attacks accounted for 59% of data breaches reported in the June quarter, as notifications increased under the new transparency regime…

ICA calls for better access to data

06 August 2018

The Insurance Council of Australia is calling for greater data availability in response to the Government’s issues paper on data sharing and release legislation…

ASIC cancels NSW broker’s licence

06 August 2018

The Australian Securities and Investments Commission has cancelled the financial services licence of Faulconbridge business NSW Independent Insurance Brokers…

Earthquake tribunal plan raises concern: ICNZ

06 August 2018

Proposed legislation for a new Canterbury Earthquakes Insurance Tribunal does not allow insurers to initiate hearings to resolve claims, while its procedural rules have also raised concerns…

ICWA hands out research grants

06 August 2018

The Insurance Commission of WA has awarded grants to two neurotrauma projects as part of its commitment to support studies that improve injury rehabilitation…

QBE, IAG question driverless car framework

30 July 2018

Insurers have urged the National Transport Commission to further consider the impact its preferred safety system for driverless vehicles will have on the industry…

Queensland cracks down on CTP ‘claim farmers’

30 July 2018

Suncorp and RACQ Insurance have called on the Queensland Government to pursue wider compulsory third party reforms, after the state’s Treasurer announced legislative changes are planned to stop “claim farming”…