Search results
- The PDDO signal a fundamental change in the way ASIC regulates products. There are three main stages under the new law, these are: product design; product distribution; and monitoring and review. Issuers of insurance products should now have prepared TMDs and made them available to distributors and the general public.
www.nortonrosefulbright.com/en-ca/knowledge/publications/976374fc/green-light-on-5-october-insurance-regulatory-changes
People also ask
How can we improve the regulation of auto insurance rates & underwriting?
What is the New Regulatory Guide 271?
What is a complaint under the New Regulatory Guide?
When does the new insurance duty come into effect?
What is the new ASIC Regulatory Guide?
What is the new duty on intending insureds?
This guide assist insurers, underwriting agencies, brokers, InsurTechs and other insurance service providers to navigate the changes for insurance regulatory reforms proposed by the Financial Services Royal Commission.
Dec 11, 2023 · As the hard market proceeds apace in the Canadian P&C insurance industry, a projected economic slowdown in 2024 could invite more insurance regulation, since Canadians will find it harder to...
On 5 October 2021, a number of insurance regulatory changes affecting insurers, reinsurers, coverholders, underwriting agencies and brokers commenced under the Corporations Act 2001 (Cth) (Corporations Act).
Feb 6, 2024 · This article provides a recap of some of the substantial changes that were made to the regulation of insurers and insurance intermediaries in Canada in 2023 and will highlight issues that insurers and other industry participants should watch for in 2024.
How can organizations navigate through ever-evolving regulatory changes while positioning themselves for growth? Explore our perspectives on the latest insurance trends, implications, and potential next steps for firms.
- dsherwood@deloitte.com
- Managing Director | Deloitte & Touche LLP
May 14, 2018 · Issues considered include – among others – federal and provincial regulatory regimes, distribution of insurance and reinsurance products, regulations applying to foreign insurers, insurance industry M&A, insurtech, emerging risks and new legal developments.
In the Business Plan, FSRA has described two ways it will collect and use data to better understand the insurance sector and implement any needed reform. First, FSRA plans to use data from the Registered Insurance Brokers of Ontario (RIBO) to monitor whether or not all consumers have access to auto insurance.
