Regulatory update to the general insurance industry
A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission, Insurance Council of Australia Annual Forum (Sydney, Australia), 17 February 2017
Thank you to the Insurance Council of Australia for inviting me to be here.
I have three main topics I would like to talk about today. First, I want to talk about the environment that we are currently in – and the opportunities that I think this provides for the general insurance industry. Second, I will talk about what ASIC has been doing in insurance – and where we are going over the next year. Third, in bringing together my previous comments, I would like to end by talking about the importance of having a good culture.