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ASIC reminds Australian Industry the regulator is watching

ASIC has reminded life and general insurers that they are watching. In a recent letter (see this link: https://asic.gov.au/about-asic/news-centre/news-items/asic-letters-to-general-and-life-insurers-in-the-current-covid-19-environment/) they have offered some relief from immediate data demands, while reminding the industry of the need to meet conduct obligations. 

Here in New Zealand Minister Faafoi has been more friendly, which is perhaps more appropriate given the nature of our own conduct review.

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