The Australian Consumers Insurance Lobby (ACIL) has welcomed the improvements outlined in the Insurance Code Governance Committee’s new Oversight of External Experts: Follow-Up report, but warns that the findings risk creating a perception that the long-standing problems with insurer-appointed expert reports have been resolved — when the fundamental structural issues remain unchanged. The Committee highlights several positive developments across insurers, including strengthened training for...

The Australian Consumers Insurance Lobby has provided a formal submission to the Parliamentary Joint Committee on Corporations and Financial Services regarding the accessibility, regulation, and pricing of insurance for small businesses and community organisations. Our submission highlights key concerns around professional indemnity, public liability, cyber insurance, and the growing challenges faced by regional and remote areas. ACIL remains committed to advocating for fair, affordable and...

The Australian Consumers Insurance Lobby (ACIL) has responded to claims by the Insurance Council of Australia (ICA) that regulation is costing consumers up to $3.5 billion annually, saying that the industry’s call for less regulation ignores the underlying causes of why such rules exist in the first place. The ICA’s report, “ The Cost Of Regulatory Burden ” , claims regulation represents 4–6% of insurance premiums and involves more than 25 regulators enforcing 300 instruments and 30,000...