Tag archives: APRA

Insurance After Hayne Part 3 – The duty of disclosure: 5 lessons for insurers

By Ray Giblett, Matthew Ellis and Alex Madry on February 22, 2019 Posted in Industry news

Welcome to Part 3 of Insurance After Hayne, a six part series on our Insurance Law Tomorrow blog focusing on the implications for insurers following the release of the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. This week, we shift our focus to one of the … Continue reading

Insurance After Hayne Part 2 – How the Royal Commission will change how insurance is sold

By Ray Giblett, Matthew Ellis and James Kim on February 15, 2019 Posted in Industry news

Welcome to Part 2 of Insurance After Hayne, a series focusing on the implications for general and life insurers of the Royal Commission’s final report. In last week’s article, we provided an overview of the recommendations applicable to the insurance industry. This week, we look more closely at the recommendations regarding sales practices and policy … Continue reading

Insurance after Hayne Part 1 – What do insurers need to do following the Royal Commission’s final report?

By Ray Giblett, Matthew Ellis and Timothy Chan on February 8, 2019 Posted in Industry news

Welcome to Part 1 of “Insurance after Hayne”, a special series on our Insurance Law Tomorrow blog focusing on the implications for general and life insurers following the release of the Royal Commission’s final report. Each week, we will be sharing our thoughts on Commissioner Hayne’s recommendations through the lens of our insurance regulatory team. … Continue reading

New Prudential Standard for the Information Age – CPS 234

By Ray Giblett and Timothy Chan on November 13, 2018 Posted in Regulation

The Australian Prudential Regulation Authority (APRA) has finalised a new Information Security Prudential Standard (CPS 234) coming into effect on 1 July 2019. CPS 234 will apply to all APRA regulated entities, including insurers. The purpose of CPS 234 is to ensure that an APRA regulated entity has measures in place to be resilient against … Continue reading

Climate Change Risk: what it means for Australian Boards and their D&O insurers

By Nicole Wearne and Elisa de Wit on May 9, 2017 Posted in Industry news

Progressive corporations are now focused on Environment and Social Risk Governance (ESG) criteria as an important indicator of business performance. Evaluation of which environmental risks might affect a company’s income and expenses, and how to manage those risks, are important issues for socially aware investors in driving investment decisions. In the coming decade – as … Continue reading