Royal Commission proposes changes for Australian insurers

Australia's Financial Services Royal Commissioner Kenneth Hayne

Insurers in Australia face a number of new regulations and a supervisory shake-up following the completion of a Royal Commission into the banking sector. In total, there were 15 recommendations made in relation to insurers with the most notable being a proposed ban on commissions, a legally enforceable code of conduct and an overhaul of the claims handling process that…

Please register or login to view the full post