Legal and regulatory update for the life and health insurance sector
12 Oct 2023 - The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published two joint discussion papers on plans to enhance the data collections for the life and general insurance industries. APRA and ASIC plan to collect more granular data as part of the Insurance Data Transformation (IDT) project, which will enable regulators, policymakers and insurers to undertake a more comprehensive assessment of the risks facing the industries. APRA and ASIC invite written submissions on the discussion questions by 22 December 2023. https://www.apra.gov.au/news-and-publications/apra-and-asic-release-consultation-on-general-insurance-and-life-insurance
13 Oct 2023 - Minister of Commerce and Consumer Affairs, Hon Dr Duncan Webb, September 2023 diary released with no financial services sector related meetings noted https://www.beehive.govt.nz/sites/default/files/2023-10/September%202023%20Proactive%20Diary%20Hon%20Dr%20Duncan%20Webb.pdf
13 Oct 2023 - The Australian Prudential Regulation Authority (APRA) has published its Annual Report for the 2022-23 financial year. https://www.apra.gov.au/news-and-publications/apra-publishes-2022-23-annual-report