The Australia Federal Court court ruling is the largest penalty ever imposed on an insurer for violations of financial services consumer protection laws.
The Australian Government introduced the AU$10bn (US$6.7bn) cyclone and flood damage reinsurance pool in July 2022 to help insurance companies manage NatCat risks.
The National Financial Regulatory Administration aims to complete central level reforms and identify risks at financial institutions, with local level reforms to follow in 2024.
Rowell reflected fondly on her 21-year tenure at the regulator and highlighted key challenges the industry is currently facing which include cyber and the importance of diversity, equity and inclusion...
ASIC said it created the orders to protect consumers acquiring pet insurance products that may not be consistent with their objectives, financial situation, or needs
Swiss Re contributed to the creation of the toolkit, which is being introduced to help facilitate the appropriate use of artificial intelligence in the financial sector.
NZ's FMA released new guidance to help financial institutions ensure fair treatment of consumers when distributing products and services through intermediated channels.
The Indian GST authorities are investigating a wider issue involving the alleged offering of fictitious services and fraudulent tax credits, which the demand forms part of.
