Australian Securities and Investment Commission (ASIC) has launched a new surveillance program to ensure Australia's biggest companies are dealing with the risks of climate change.
More stringent regulation is the top challenge faced by life insurers in Australia, a new report from the international professional services firm EY says.
The Australian Securities and Investments Commission (ASIC) has announced a ban on unsolicited 'cold call' telephone sales of direct life insurance and consumer credit insurance (CCI). The ban will address poor sales practices that have led to unfair consumer outcomes. It will take effect from 13 January 2020.
Medical insurance premiums are increasing because health insurance funds are paying for more healthcare, says Private Healthcare Australia (PHA), the Australian private health insurance industry's peak representative body.
In the event of a cyber breach, it is advisable to notify customers even in the absence of legal obligation to do so. Customers being notified can actually assist in mitigating reputation damage, said speakers at the latest Emergence Insurance webinar for brokers.
Health Minister Gregg Hunt has announced that the average industry premium change for 2020, which will take effect on 1 April, will be 2.92%.
The Australian Securities and Investments Commission (ASIC) yesterday announced a ban on unsolicited 'cold call' telephone sales of direct life insurance and consumer credit insurance (CCI). The ban will address poor sales practices that have led to unfair consumer outcomes. It will take effect from 13 January 2020.
The condition of the Great Barrier Reef in Australia is so dire it should be insured for its economic value, according to a new report 'Great Barrier Reef Queensland, Australia.'
The Australian Prudential Regulation Authority (APRA) has commenced a consultation exercise aimed at updating and strengthening the capital framework for private health insurance (PHI).
The Australian Prudential Regulation Authority (APRA) has launched an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance (DII).