The northern part of Sydney’s Northern Beaches commenced a strict COVID-19 lockdown on 20 December 2020 and following a substantial reduction in community transmission came out of that lockdown on…
In early September 2020, the RBNZ repeated earlier statements which raised the issue of declining solvency ratios among NZ insurers. To quote RBNZ Deputy Governor and General Manager of Financial…
After huge delays, the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 (Bill) has finally been passed by Parliament on 10 December 2020. As part of the reforms proposed…
The Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 was passed by Parliament on 10 December 2020. It covers a range of reforms, in line with the revised regulatory…
A new paper published today shows that many households face affordability pressure in northern Australia and increased data and measures can help to better respond to this challenge. Households in…
Optima 2020 has revealed the clear impacts that COVID-19, natural perils events and global financial markets have had on the profitability of the Australian insurance industry. Around 500 industry professionals…
Last month, the UK Financial Conduct Authority (FCA) released a consultation paper on proposed policy changes to the product pricing and governance rules applicable to personal lines insurers in the…
The Australian Climate Index, compiled by Finity’s climate risk team, showed winter was relatively benign across most of Australia, with the Index falling to levels not seen since winter 2015….
Earlier this year, the New Zealand Government launched its “Algorithm Charter”. The charter establishes a set of principles government institutions are expected to follow, with the ultimate aim of mitigating…
New Internal Dispute Resolution requirements (RG 271) – what are the key take outs and considerations for insurers? ASIC released its new Regulatory Guide (RG 271) on complaints handling and…