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Economics Committee to scrutinise insurance sector 28 and 29 April 2020

Issue date: Thursday, 23 April 2020

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The House of Representatives Standing Committee on Economics will scrutinise the insurance sector over two days of hearings by videoconference on 28 and 29 April 2020, as part of its ongoing review of the four major banks and other financial institutions.

The Chair of the committee, Mr Tim Wilson MP, said ‘these hearings are an important mechanism for the Parliament to publicly scrutinise and hold Australia’s insurance sector to account’.

‘Insurance is an essential way that Australians and Australian businesses manage risk and protect themselves from financial loss after disaster strikes. Australians must be able to rely on the insurance sector to provide high-quality policies and respond quickly when claims are made.’

‘Given the widespread misconduct in the insurance sector identified by the Hayne Royal Commission, it is important that insurers and those in the industry are held accountable to ensure that they are making the crucial improvements needed to restore trust in the sector.’

‘The COVID-19 pandemic has also raised a number of relevant issues relating to policy coverage ranging from travel insurance, landlord insurance and income protection that also need to be explored.’

Public hearing details

Date: Tuesday, 28 April 2020
Time: 9.15am to 5.00pm
VIDEOCONFERENCE

Date: Wednesday, 29 April 2020
Time: 9.15am to 3.30pm
VIDEOCONFERENCE

9.15am

10.45am

11.00am

12.00pm

1.00pm

2.00pm

3.00pm

4.00pm

5.00pm

Insurance Council of Australia

Break

AFCA

Allianz Australia

Break

Clearview Life Insurance

AIA Australia

TAL Life

Close

9.15am

10.15am

11.15am

11.30am

12.30pm

1.30pm

2.30pm

3.30pm

 

Youi

Suncorp

Break

Insurance Australia Group

Break

Youpla

QBE Australia

Close

 


The hearings will be broadcast live at aph.gov.au/live
.

For media comment: Please contact the Committee Chair Mr Tim Wilson MP:
Electorate: (03) 9557 4644; Parliament: (02) 6277 2392

For background information: Please contact the committee secretariat:
Phone: (02) 6277 4587   Email: economics.reps@aph.gov.au  Website:www.aph.gov.au/economics

 

House of Representatives media release header


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