Regulators have shifted their priorities to deal with the Covid-19 pandemic. That means delays to reforms and legislative changes to general insurance. UAC Business Service member The Fold Legal has issued an updated summary of the revised timetable. Click here to read more.
UAC General Manager William Legge says while APRA is not issuing any new insurance company licences for six months, that does not impact on AFSL applications submitted to ASIC by underwriting agencies. Although The Fold warns there could be delays because so many people are working from home.