ASIC news

  • ASIC flags significant reforms to impact insurance industry

    ASIC Commissioner Peter Kell talks exclusively to Insurance Business TV journalist Donna Sawyer about impending law reforms affecting insurance brokers and the regulator's proposed review of training standards.

  • ASIC accepts insurance broker’s admission of guilt

    An Australian insurance broker has offered an enforceable undertaking (EU) to ASIC to permanently refrain from providing financial services after some deeply fraudulent activity.

  • Austbrokers stake regional claim with acquisition

    Broking giant Austbrokers has snapped up its latest brokerage in an acquisition which it claims marks a “formal flag in the ground” in an Australian geography where more purchases are now planned…

  • ASIC strikes blow for brokers in online battle

    Regulator ASIC is closely monitoring the operations of comparison websites and has “already identified a number of concerns” about how the sites are operating. What are these rivals to brokers doing wrong?

  • UN courts Australian insurance industry

    What can the Australia insurance industry do to solve international problems? The United Nations has met with the Insurance Council of Australia to discuss the future of insurance...

  • QBE’s CFO denies departure rumours

    The chief financial officer of QBE is staying with the insurance giant despite a recent earnings downgrade which has fuelled speculation of his departure. But how long is he planning to stick around?

  • How much is your boss making? CEO salaries revealed

    From insurance broker to CEO. It’s certainly possible, but what are your chances of becoming a head honcho one day? And how much could you earn when you get there?

  • Brokers should warn clients of Christmas risks

    The busy and boozy festive period is a minefield for Workers Compensation claims. Here is why brokers are best placed to ensure their business clients have a risk-free Christmas celebration.