The Big Interview
Executive director and CEO
THE INSURANCE COUNCIL OF AUSTRALIA (ICA)
Rob Whelan and the ICA were vocal on many industry issues throughout 2015. The ICA continued to push for the abolition of what it describes as “ineffi cient insurance tax-es”, including stamp duties, and reinforced its position on the industry’s role in natural disas-ter preparedness and mitigation. Additionally, it’s pushed for product disclosure statements worded in a manner that puts greater focus on an insured’s ability to understand their policies. In October, the ICA announced it had submit-ted a proposal to the Northern Queensland Insurance Premiums Taskforce for short-term targeted Federal Government subsidies to improve the cyclone resilience of older homes in North Queensland. It claimed the proposal represented the “most eff ective, low-cost and sustainable way of protecting communities while also reducing insurance premiums”. Instead of opting for a mutual or reinsurance pool arrangement, will implementation of the ICA’s proposal be pursued in response to task-force recommendations?
The Insurance Council of Australia (ICA)
Level 4, 56 Pitt Street Sydney NSW 2000
02 9253 5100