Regulatory update to the insurance industry
A speech by Peter Kell, Deputy Chair, Australian Securities and Investments Commission to the Finity Consulting General Insurance Director Forum (Sydney, Australia), 10 May 2017
Thank you to Finity for inviting me to be here today. This sector is very important and I’m pleased to be able to talk to you about ASIC’s work in the insurance space.
I have four main topics I would like to talk about today:
- the environment that we are currently in – and the opportunities that I think this provides for the general insurance industry
- what ASIC has been doing in insurance – and where we are going over the next year
- insurance comparison services and alternative approaches to help consumers compare insurance products
- in bringing together my previous comments, I would like to end by talking about the importance of having a good culture.