Transparency in Australian Insurance Law and Regulation: Regulation and Intermediaries

Bowley, R

Transparency in Australian Insurance Law and Regulation: Regulation and Intermediaries

Bowley, R

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Publisher:: Springer
Publication Type:: Chapter
Citation:: Transparency in Insurance Regulation and Supervisory Law A Comparative Analysis, 2021, 4, pp. 323-358
Issue Date:: 2021-04-23

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Field	Value	Language
dc.contributor.author	Bowley, R https://orcid.org/0000-0002-6626-3714
dc.contributor.editor	Marano, P
dc.contributor.editor	Noussia, K
dc.date.accessioned	2021-04-29T05:27:03Z
dc.date.available	2021-04-29T05:27:03Z
dc.date.issued	2021-04-23
dc.identifier.citation	Transparency in Insurance Regulation and Supervisory Law A Comparative Analysis, 2021, 4, pp. 323-358
dc.identifier.isbn	978-3-030-63620-3
dc.identifier.uri	http://hdl.handle.net/10453/148538
dc.description.abstract	This chapter explains how transparency is achieved in the Australian insurance industry through the regulation of insurers and intermediar-ies. Commencing with a high level overview of Australia’s financial services regulatory framework, it then proceeds to examine the im-portant roles played by the Australian Securities and Investments Commission and the Australian Prudential Regulation in ensuring compliance with these regulations. Through discussing recent case studies, the chapter shows how these regulators have been active in their efforts to promote transparency and fairness both in the selling of insurance and in the handling of insurance claims. The chapter also explains how the implementation of reforms arising from the 2019 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will further ensure adherence to the principles of transparency and fairness in the years to come.
dc.format.extent	1
dc.language	en
dc.publisher	Springer
dc.relation.ispartof	Transparency in Insurance Regulation and Supervisory Law A Comparative Analysis
dc.relation.ispartofseries	AIDA Europe Research Series on Insurance Law and Regulation
dc.relation.isbasedon	10.1007/978-3-030-63621-0
dc.rights	info:eu-repo/semantics/restrictedAccess
dc.title	Transparency in Australian Insurance Law and Regulation: Regulation and Intermediaries
dc.type	Chapter
utslib.citation.edition	4
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Law
utslib.copyright.status	recently_added	*
pubs.consider-herdc	true
dc.date.updated	2021-04-29T05:26:44Z
pubs.edition	4
pubs.place-of-publication	Cham, Switzerland
pubs.publication-status	Published
dc.location	Cham, Switzerland

Abstract:

This chapter explains how transparency is achieved in the Australian insurance industry through the regulation of insurers and intermediar-ies. Commencing with a high level overview of Australia’s financial services regulatory framework, it then proceeds to examine the im-portant roles played by the Australian Securities and Investments Commission and the Australian Prudential Regulation in ensuring compliance with these regulations. Through discussing recent case studies, the chapter shows how these regulators have been active in their efforts to promote transparency and fairness both in the selling of insurance and in the handling of insurance claims. The chapter also explains how the implementation of reforms arising from the 2019 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will further ensure adherence to the principles of transparency and fairness in the years to come.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/148538