Kaushiki Goel is a Regional Correspondent at (Re)in Asia, covering the people and corporate moves driving Asia Pacific insurance. Areas of specialty include senior appointments, marine markets across North Asia and Greater China, insurance regulation in India and Korea, and insurtech.
The proposed code would introduce contractually enforceable obligations, automatic acceptance of certain claims after 12 months, and expanded protections for vulnerable customers.
The Insurance Council of Australia says insurance customers are projected to contribute more through the Emergency Services Levy than previously forecast, as consultation on reform continues.
