Legal and regulatory update for the life and health insurance sector

1 May

Written By Kelly O

18 Apr 2023 - APRA and ASIC publish latest data on life insurance claims and disputes covering a rolling 12-month period from 1 July 2021 to 30 June 2022, covering a rolling 12-month period from 1 January 2022 to 31 December 2022. https://www.apra.gov.au/news-and-publications/apra-and-asic-publish-latest-data-on-life-insurance-claims-and-disputes-6

19 Apr 2023 - NZ Banking Association publish their regulatory radar for March 2023 https://financialadvice.nz/wp-content/uploads/2023/04/March-2023-Banking-Sector-Regulatory-Radar.pdf

20 Apr 2023 - ASIC calls for improved approaches to scams as major bank customers report over $550 million in scam losses https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-101mr-asic-calls-for-improved-approaches-to-scams-as-major-bank-customers-report-over-550-million-in-scam-losses/

20 Apr 2023 - DIA encourages reporting entities to get RealMe verified before annual reports are due. From 1 July 2023, you’ll be able to file your AML/CFT annual report via AMLOnline. https://www.dia.govt.nz/AML-CFT-Getting-RealMe-Verified-for-the-Reporting-Season

Kelly O

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