News Regulations23 Oct 2026

Australian insurers submit enhanced code of practice to regulator


The Insurance Council of Australia (ICA) has submitted a strengthened General Insurance Code of Practice to the Australian Securities and Investments Commission (ASIC) following consultations with consumer groups, regulators, government and insurers. Announced on 22 October, the revised code aims to strengthen consumer protection through legally enforceable obligations, improved support for vulnerable customers and those experiencing financial hardship, and greater transparency and accountability in claims handling.

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