Industry ready for regulators' insurance report
A Financial Markets Authority and Reserve Bank report into life insurers’ conduct is due at the end of this month – and insurers are bracing for a tougher line than was taken with banks.
Prompted by the Royal Commission of Inquiry in Australia, New Zealand’s regulators undertook a study last year, looking at banks and life insurers’ behaviour.
The bank report found issues to address but no systemic problems.
But Reserve Bank governor Adrian Orr has said that life insurers should expect a tougher verdict.
He said with the release of the bank’s...MORE»
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