Insurance Business

Latest Comments

• Swan 18/05/2018 1:43:35 PM How did it come to this? I can't believe that as an industry (globally!) we're discussing the impacts of climate change, but yet the governments of Australia are still 'head-in-sand' approving new coal mines in NSW and new oil-drilling in the Great Australian Bight off SA. [shakes head in disbelief]

• Geoff Grimshaw 18/05/2018 8:51:11 AM ASIC will go after the "little guy" and ban him but the big fish like Commonwealth Bank and AMP all they get is a EU !! What confidence does the public have with ASIC. I can see why the government reduced their budget. I think it's time for ASIC to be reviewed and justify what they do for the tax payer.

• David Smith 8/05/2018 2:33:51 PM Interesting article - I look forward to seeing what business models will look like in 10 years time

• Martin Mulcare 29/03/2018 9:25:49 AM Sheila is certainly correct that lifting standards is easier said than done. The fundamental challenge is that, by definition, professionals put the interests of their clients above their own interests. The cultural tradition in most large businesses is that the shareholders' interest is ranked ahead of the customers' interests and it will be very hard to shift longstanding behaviour.

• Tony 13/03/2018 9:44:44 AM I agree with APRA that Australian Financial institutions are an obvious Cyber target. I do think they are missing part of the argument around what happens to the credit risk of a financial institution, banks in particular, if a large proportion of their customer base (particularly SME borrowers) suffer a cyber event at the same time. The inability of a large number of SME's complying with their debt obligations as a result of a Cyber event is a real risk and one that has largely gone unaddressed by both regulators and the Institutions themselves.