The Council of Financial Regulators released a statement this week about COVID-19. This was followed quickly by the release of APRA and ASIC media releases. The big picture is six months hold for all the regulatory changes…
Beginning this week, as a part of our business continuity response to the coronavirus pandemic Finity is temporarily changing its work practices so that all consultants will be working remotely…
A recent survey of 60 executives conducted by Finity, found 62 per cent believed their organisations were “a long way behind” best practice and a further 21 per cent said…
As the coronavirus (COVID-19) situation has continued to evolve locally, Finity has been actively assessing the risk and impact on a daily basis and monitoring guidance from public health authorities….
Finity and The Fold Legal released an update on the Royal Commission’s recommendations into add-on insurance in July 2019. After two separate consultation papers, Treasury has recently released: An Exposure Draft…
Ready to go With the publication of ASIC’s draft guidance on DDO, the General Insurance industry is now ready to go. The guidance released on 19 December 2019 comprises consultation…
The Australian Actuaries Climate Index shows a combination of weather conditions in the Spring of 2019 that are likely to have fuelled the bushfires currently devastating the country. “Fire risk…
The Hayne Royal Commission made a number of recommendations relating to extending the Banking Executive Accountability Regime (BEAR), which has been in place since 1 July 2018. The Financial Accountability…
Welcome to the seventh edition of the Finity Climate Risk Blog and the first of the decade, which focuses on an insight into why countries struggle with acting on decarbonisation…
We’ve previously expressed our thoughts on how ASIC is likely to regulate claims handling as a financial service. Draft legislation has now been released by Treasury. Many businesses that handle…