ASIC wants to lift standards on complaints handling
The regulator consults on proposed new standards for dealing with complaints across the financial system
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APRA: “No excuse for inaction” on climate change
All general insurers are actively taking steps to understand climate risk, but only 40% of life insurers said they were doing so
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APRA releases new Enforcement Approach
It was designed to help the prudential regulator better leverage its enforcement powers
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Pacific International Insurance placed under review status
The ratings actions relate to a forthcoming material change to the insurer’s business plans and scope of operations
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Freedom Insurance Group to sell its policy business for $5 million
The firm also plans to exit all its operating businesses
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Actuaries Institute releases paper on social risks
The paper highlights that social condition is as important as financial condition to a company’s long-term success
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APRA adopts a new data collection solution
The solution will come online in March 2020
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Assetinsure reports sound results for the 2018 year
The Sydney-based firm also reported a "very strong" solvency ratio
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Aon sponsors global songwriting competition
The event will provide opportunities for songwriters and raise money for a great cause
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Regulators unlikely to prosecute alleged crimes exposed at the royal commission
Prosecuting each of the 24 referrals will take more effort, money, and time, governance experts say