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International Law

: Australian Regulatory Compliance Review

ASIC's views on insurance regulation

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In a recent speech Jeremy Cooper, Deputy Chairman of ASIC,set out ASIC's views on regulation of the insurance industry.

He explained that the insurance industry,as a mature industry, warrants a light touch regulatory approach.

But he identified the following areas of interest:

  • changes to EDR schemes;
  • product comparisons
  • General Insurance Code of Practice review
  • under insurance
  • flood insurance
  • new insurance products

Full post as published by Australian Regulatory Compliance Review on February 07, 2009 (boomark / email).

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