When it comes to COVID-19 crisis response, Australia and New Zealand have been praised for having some of the most successful outcomes in the world – and, according to insurance and financial services sector bodies, this success has also translated into a better relationship between regulators and insurers, who have been an integral part of a network of financial support measures.
Sally Loane, CEO of the Financial Services Council Australia says Australia and New Zealand are similar in many ways, and both have managed to gain control over a rapidly accelerating health crisis. She says the economic crisis is now the ‘clear and present danger,’ and that financial services has a huge part to play over in the recovery.
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