FAR is here – what does it mean for insurers and insurance?August 4, 2021

On 16 July 2021, the Treasury released its much-anticipated consultation draft legislation introducing the Financial Accountability Regime (FAR, the Regime), which will extend the Banking Executive Accountability Regime (BEAR) to all entities that are regulated by APRA, as well as introducing further obligations for affected entities.
The attached paper focuses on the specific impact of FAR on general, life and private health insurers (and their registered authorised Non-operating Holding Companies (NOHCs)); and considers whether APRA regulated entities should reassess their insurance policies.

read it here >>>far-is-here-what-does-it-mean-for-insurers-and-insurance

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