May 2021 LA News

The past two Directors’ Meetings were held virtually due to the ongoing pandemic. I am pleased to advise that on 26 and 27 May we conducted a Directors’ Meeting and Education Meeting, with some attendees in person. Due to travel restrictions and snap lockdowns a number of Directors attended [...]

2021-06-01T00:15:37+00:00June 1st, 2021|

April 2021 LA News

Recently, Tony Libke, AICLA CEO and I held meetings in Sydney with insurance industry organisations. Included was NIBA, where we discussed with Dallas Booth a variety of topics of mutual interest, including Hayne Royal Commission legislative reforms, licensing requirements, the decision in the UK in relation to Covid BI [...]

2021-05-31T06:38:20+00:00May 1st, 2021|

March 2021 LA News

The hot topic surrounding the profession and that of the industry is in relation to the licensing requirements for Representatives, Authorised Representatives and other parties who are subject to dealing with insurance claims and other insurance services. AICLA has engaged DLA Piper Lawyers to assist in the delivery of guidelines [...]

2021-04-09T04:34:07+00:00April 9th, 2021|

November 2020 LA News

The Bill following the Hayne Royal Commission recommendations into misconduct in the financial services sector in Australia was introduced to Parliament on 12 November, with a variety of impacts set to be imposed upon the insurance industry in respect of claims handling and settlements. Although the accompanying Regulations are [...]

2020-12-01T00:51:58+00:00December 1st, 2020|

August 2020 LA News

The Hayne Royal Commission report into misconduct in the financial services sector in Australia had a profound impact, with widespread acknowledgement that significant industry reforms were required. Amongst the HRC recommendations was 4.8, that the Government remove the exemption for the handling and settlement of insurance claims from the definition [...]

2020-08-31T00:13:35+00:00August 31st, 2020|
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