Regulatory update to general insurance industry 2016
A speech by Peter Kell, Commissioner, Australian Securities and Investments Commission, to the Insurance Council of Australia Annual Forum 2016 (Sydney, Australia), 4 March 2016.
Thank you to the Insurance Council of Australia for having me here today. I’d like to take this opportunity to talk about:
- recent regulatory and industry developments
- some industry lessons from ASIC’s work over the past year, including in the areas of advertising, disclosure and the sale of inappropriate general insurance products, and
- a focus of ASIC’s during 2016, general insurance add-on products.