Proposed affordability recommendations will trouble insurers

ACCC has just released its 592 page report into Insurance in Northern Australia - 28 December an odd time to release a report! Anyway, stacks of findings & recommendations. Some recommendations that should have insurers worried, including: Review and mandate standard cover; National home insurance comparison website; Extend the ban on conflicted remuneration to insurance brokers.

Previous
Previous

Smart drones in the home

Next
Next

Subscription models another competitive vector for motor insurers