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Insurance Business | 27 Mar 2015, 09:11 AM Agree 0
With the site due to go live by the end of this month, ASIC reveals how it's involved and what consumers and brokers can expect upon launch.
  • Neal M | 27 Mar 2015, 10:13 AM Agree 0
    Does the site mention anywhere that users should contact a broker for advice on their insurance needs, as opposed to just the insurers?
  • Rolf Van Dulst | 27 Mar 2015, 11:12 AM Agree 0
    This is the worst type of Government intervention. Intervention into a market that isn't broken in order to placate voters for a problem that government (Local, State and Federal) has in a large part, contributed to.
    A very poor policy response to a real problem. We deserve better government than this.
  • David P | 27 Mar 2015, 01:50 PM Agree 0
    Five questions to underwrite a household policy in a high risk location. Right!!! Soon brokers won't be needed if the Government and Newscorp have their ways.
  • Magnus Carlsen | 27 Mar 2015, 04:03 PM Agree 0
    Ironic, as if you read todays Cairns Post - there's an article about the government funding a feasibility study into a forming a federal backed, mutual owned, disaster insurance program for residents and businesses in Northern Australia - with the intent being to reduce the cat premiums that insurers currently charge. Sounds similar in idea to NZ's EQC formed in 1946?
  • Geoff Grimshaw | 30 Mar 2015, 08:52 AM Agree 0
    What current government and previous governments have forgotten is that Insurance companies licensed in Australia are regulated by APRA. So they are licenced to provide insurance in Australia, no where can I find that far Queensland or anywhere else is excluded. So force them to provide cover but on a commercial basis so underwriters and actuaries need to do what they are meant to do and underwrite and price the risk. It may be a high premium and higher excesses, but they have complied with their licence conditions and the consumer either direct or via a broker can make an informed decision. Isn't that what it is all about!!
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