insuranceNEWS.com.au - Regulatory & Government

ACCC seeks views on Allianz travel deal

Mon, 06 Jul 2026 05:36:40 GMT

The competition regulator has invited submissions on the Allianz Partners acquisition of Nib Holdings’ travel insurance portfolio in Australia and New Zealand...

Watchdog’s data ‘points to uneven liability market’

Mon, 06 Jul 2026 05:36:29 GMT

The prudential regulator has updated the National Claims and Policies Database to include policy, claims, Lloyd’s and facility reports for the period ending December 2024...

Court backs changes to claim in IAG covid class action

Mon, 06 Jul 2026 05:17:19 GMT

A court has allowed shareholders pursuing a class action against IAG over Covid-19 disclosures to amend their statement of claim relating to how losses were caused...

APRA names new deputy chair line-up

Mon, 06 Jul 2026 05:17:09 GMT

The Australian Prudential Regulation Authority has made board member Therese McCarthy Hockey and former federal assistant treasurer David Bradbury deputy chairs...

Strata taskforce releases crackdown stats

Mon, 06 Jul 2026 05:16:59 GMT

The NSW Strata and Property Taskforce has taken disciplinary action against more than 70 licensees across real estate, strata management and conveyancing in just over a year since it was formed, the state government says...

Government to weigh scathing sandbox review

Mon, 06 Jul 2026 05:16:51 GMT

Improvements to Australia’s financial innovation environment moved a step closer this week as the government committed to responding to a critical review of the Enhanced Regulatory Sandbox regime...

Compensation scheme’s funding gap widens

Mon, 06 Jul 2026 05:16:31 GMT

The levy-funded Compensation Scheme of Last Resort will need $198.1 million this financial year to pay eligible claims – more than previously estimated...

Hazards partnership to hold insurance forum

Mon, 29 Jun 2026 04:46:03 GMT

The Hazards Insurance Partnership will hold a forum with state, territory and local governments, plus the Australian Local Government Association...

ICA levy call as NSW annual insurance haul tops $3b

Mon, 29 Jun 2026 04:45:55 GMT

NSW will collect more than $3 billion a year from insurance levies and duties across its forward estimates, budget papers released last week show...

Queensland ‘loses out’ under disaster funding shake-up

Mon, 29 Jun 2026 04:45:36 GMT

Proposed federal government changes to the Disaster Recovery Funding Arrangements could cost Queensland $500 million a year, according to the state’s budget papers...

Bigger buffer on household line shows ‘underlying uncertainty’

Mon, 29 Jun 2026 04:45:23 GMT

Insurers have set aside bigger provisions for householders insurance to manage unexpected adverse outcomes, according to Australian Prudential Regulation Authority risk margin data...

Authority warns on readiness in a ‘volatile, unpredictable’ world

Mon, 22 Jun 2026 04:09:31 GMT

The prudential regulator has written to insurers, banks and superannuation funds setting out minimum expectations for managing geopolitical shocks, after indentifying readiness gaps...

ARPC appoints next underwriting chief

Mon, 22 Jun 2026 04:07:52 GMT

The Australian Reinsurance Pool Corporation has named Cameron Hick as chief underwriting officer...

State presses on with decennial insurance for defects

Mon, 22 Jun 2026 04:03:23 GMT

Victoria will continue developing regulations for a decennial insurance scheme for apartment building defects after the state’s upper house passed the required legislation last week...

Audit Office slams slow start to resilient homes scheme

Mon, 22 Jun 2026 04:02:02 GMT

“Key elements of planning were not undertaken for the programs prior to their commencement, which had a significant impact on their ongoing implementation and led to delays,” an Audit Office report says...

Regulators move to streamline FAR reporting

Mon, 22 Jun 2026 03:53:12 GMT

The prudential and corporate watchdogs are consulting on measures to ease the regulatory burden on insurance, banking and superannuation entities...

SIRA begins hunt for next chief

Mon, 22 Jun 2026 03:52:58 GMT

The NSW State Insurance Regulatory Authority is searching for a new CEO after announcing the departure of Mandy Young last month...

Reinsurance pool board members appointed

Sun, 21 Jun 2026 23:10:10 GMT

The federal government has reappointed Julie-Anne Schafer as Australian Reinsurance Pool Corporation chair and announced Robert McLean will join the board...

Watchdog trains sights on ‘soft commissions’

Mon, 15 Jun 2026 04:42:48 GMT

New Zealand’s conduct regulator has warned insurers over the use of non-monetary sales incentives such as gifts and prizes that could lead to adverse consumer outcomes...

State MPs back defects insurance bill

Mon, 15 Jun 2026 04:42:42 GMT

Victoria’s lower house has passed legislation paving the way for decennial insurance for apartment building defects...