The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is just the most recent (and high profile) of a raft of reviews into or affecting General Insurance insurers – according to a new Feature article in Finity’s Optima 2018 publication.
Starting with the Financial Systems Inquiry in 2014 there has been no less than 17 national inquiries or reviews into or affecting general insurers. The regulatory landscape for insurers is already very complex, and 2018 has seen a flurry of activity that may increase the complexity and the demands. Many companies have acknowledged privately the extent to which the regulatory turbulence has distracted the focus of Board and senior management from their core business.
To learn more about regulatory turbulence download the Optima 2018 feature article here .