Regulatory update to the general insurance industry ICA
A speech by Peter Kell, Deputy Chair, Australian Securities and Investments Commission to the Insurance Council of Australia Annual Forum 2018 (Sydney, Australia), 7 March 2018
Thank you to the Insurance Council of Australia (ICA) for inviting me to present to you today.
I have three main topics I would like to talk about today:
- First, I want to talk about the environment we are currently in and the reforms currently underway in the financial services sector.
- Second, I will talk about the review of the General Insurance Code of Practice, including some of the changes ASIC has called for.
- Third, I will discuss some of ASIC’s key areas of focus for general insurance in 2018.