To privatise accident compensation schemes or not? Stakeholder views
|
|
- Clifton Hicks
- 5 years ago
- Views:
Transcription
1 To privatise accident compensation schemes or not? Stakeholder views Andrew Doughman Bevan Damm Peter McCarthy Ernst & Young This presentation has been prepared for the Actuaries Institute 2012 General Insurance Seminar. The Institute Council wishes it to be understood that opinions put forward herein are not necessarily those of the Institute and the Council is not responsible for those opinions.
2 Agenda Context why do we care about accident compensation? More workers comp focused Our approach stakeholder interviews Key themes Please note that the purpose of this presentation is not to advocate nor discourage privatisation
3 Survey question - 1 Out of this group, which accident comp scheme do you think operates the best in terms of scheme management? a. NSW workers comp b. NSW CTP c. WA workers comp d. Vic workers comp e. QLD CTP f. VIC CTP
4 Survey question - 2 Which of the following do you think is the most important for ensuring an effective and efficient accident compensation scheme? a. Management b. Scheme design c. Premium structure d. Political and stakeholder support
5 Management of schemes NSW workers compensation
6 Our approach Stakeholders in workers comp schemes Claimants Employer associations (for workers comp) Unions (for workers comp) Insurers The legal profession Brokers Medical and allied health professionals WorkCover Others Not the view of Ernst & Young or the authors!
7 Privately Underwritten Scheme Government Philosophy Regulator Design Supervision Service Providers Delivery
8 Key themes Scheme management Outcomes vs process Cross-subsidies Specialisation Government and the regulator Premium regulation Transitional considerations for NSW workers compensation
9 Scheme management over structure Management is paramount both public and private can work Ownership and accountability to outcomes (incl. Financials) Active, timely decision making Dispute process Fraud RTW / rehab focus / medical providers Consistent, transparent & balanced legislation (incl. regulations and guidelines)
10 Outcomes focus vs process Scheme outcomes Safety and risk awareness Return To Work ( RTW ) Predictable & stable costs Process Onerous administration ahead of activities related to scheme objectives Incentives encourage the right behaviours E.g. Diagnosis and treatment to optimise rehabilitation & RTW
11 Cross subsidies - only where necessary Affordability for high risk groups Dilutes price signals Removal from schemes as they evolve Who should subsidise? Interest groups? Government? Limit their use Improve transparency
12 A case for specialisation? Industry-specific issues (e.g. Construction) Unique to industry Premium collection Claims expertise Encouraging apprentices Reduced scale Selection against the scheme Insurer of last resort Interest from employer groups in NSW
13 Survey question - 3 What do you believe should be the role of the Government (as distinct from the regulator) in a privatised scheme? a. To set the high-level objectives for the scheme b. To set the benefit structure c. To set the premium framework d. Two or more of the above
14 Survey question - 4 What do you believe should be the role of the regulator in a privatised scheme? a. To monitor the performance of the scheme b. Licensing / compliance c. Deciding benefit and premium levels d. Both (a) and (b) e. All of the above
15 Role of Government and the regulator Philosophy reflecting the values of society High-level scheme objectives Safety Productivity Affordability / availability / indemnity Contextualise high-level scheme objectives Premium / benefit / service levels Legislation, licensing & regulation
16 Transitional considerations for NSW workers comp Turning around the deficit Strategy to deal with the tail Improving the predictability and stability of costs Government commitment Proposal from the insurance industry
17 Survey question - 5 How many insurers do you believe should operate in an accident comp market the size of the NSW workers comp scheme (currently, $2.5B written premium)? a. 1, Government monopoly b. 1, Private monopoly c. 2-3 d. 4-7 e. 8+
18 Any questions? Thank you for your time
Premium regulation in privatised accident compensation schemes Bevan Damm Andrew Doughman Peter McCarthy
Premium regulation in privatised accident compensation schemes Bevan Damm Andrew Doughman Peter McCarthy This presentation has been prepared for the Actuaries Institute 2012 General Insurance Seminar.
More informationA workers compensation and injury management scheme that works for all. Chris White. A/Chief Executive Officer
A workers compensation and injury management scheme that works for all Chris White A/Chief Executive Officer Discussion Points Privately underwritten system and approach to regulation Comparison of Australian
More informationNSW CTP Benefit Reform
NSW CTP Benefit Reform Key Features and Challenges Ahead Christian Fanker and Bevan Damm SIRA, EY This presentation has been prepared for the Actuaries Institute 2017 Injury & Disability Schemes Seminar.
More informationThe Price is Write Premium system design and implications on competition for CTP in a privately underwritten market
The Price is Write Premium system design and implications on competition for CTP in a privately underwritten market Richard Yee, Vivian Tse Ernst & Young This presentation has been prepared for the Actuaries
More informationEY costing of proposed model designs Final Citizen s Jury
EY costing of proposed model designs Final Citizen s Jury 24 March 2018 Contents Nature of cost estimates Risks and uncertainty Page 2 Nature of cost estimates Passenger vehicles only excluding Lifetime
More informationReview of TAC Victoria Schedule of Fees for Physiotherapy Services (Private) Presented to the Transport Accident Commission (VIC) May 2013
Review of TAC Victoria Schedule of Fees for Physiotherapy Services (Private) Presented to the Transport Accident Commission (VIC) May 2013 Authorised by: Bridget Shaw Victorian Branch President Australian
More informationCITIZENS JURY ON COMPULSORY THIRD PARTY (CTP) INSURANCE
CITIZENS JURY ON COMPULSORY THIRD PARTY (CTP) INSURANCE FREQUENTLY ASKED QUESTIONS For more information, visit www.yoursay.act.gov.au/ctp 1 CONTENT WHAT IS CTP INSURANCE AND WHY IS IT IMPORTANT?... 4 WHO
More informationMSM IS AN ADVOCATE FOR PROJECT OWNERS AND FINANCIERS IN THE EVENT OF A CRISIS CAUSING DELAY AND INCREASED COSTS
AUSTRALIA AND ASIA PACIFIC S PREFERRED PROVIDER OF PRE LOSS, CLAIM PREPARATION AND LITIGATION AND DISPUTE SUPPORT SERVICES TO MAJOR PROJECTS AND THE CONSTRUCTION INDUSTRY MSM loss management MSM loss management
More informationSuperimposed Inflation Study of impact on premium rates
Superimposed Inflation Study of impact on premium rates Prepared by Rebecca Haden and Tim Lane Presented to the Actuaries Institute General Insurance Seminar 17 18 November 2014 Sydney This paper has been
More information5. As a matter of social justice any rationalisation of tribunals, and consequent changes should be based upon the following principles:
The Australian Manufacturing Workers Union is deeply concerned at the effect consolidating NSW s range of tribunals could have on victims of work-related asbestos disease. AMWU is asking the Government
More information2011 INVESTOR BRIEFING
2011 INVESTOR BRIEFING 14 June 2011 ABN 60 090 739 923 4 AUSTRALIA INTERMEDIATED () Accelerating growth in home markets PETER HARMER CHIEF EXECUTIVE OFFICER 30 BUSINESS OVERVIEW DIVERSE PORTFOLIO MIX Large
More informationTHE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION ON THE PROPOSED REFORMS
The Hon Greg Pearce MLC Minister for Finance & Services Minister for the Illawarra 5 April 2013 Dear Minister THE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION
More informationWorkers. Compensation
October 2018 Workers Compensation Workers Compensation d finitive keeps you up to date with happenings in private and government schemes around Australia and New Zealand. finity.com.au In this edition:
More informationNSW CTP and Lifetime Care
NSW CTP and Lifetime Care Andrew Nicholls General Manager Motor Accidents Authority of New South Wales Don Ferguson General Manager Lifetime Care and Support Authority of New South Wales This presentation
More informationOverview of the COMPARE Project
MONASH MEDICINE, NURSING & HEALTH SCIENCES Overview of the COMPARE Project Professor Alex Collie Director, Insurance Work and Health Group, Faculty of Medicine Nursing and Health Sciences, Monash University
More informationReview of Claims Trends for Liability Insurance in Australia
Review of Claims Trends for Liability Insurance in Australia Prepared by Kundan Misra, Maggie Liu and Clement Peng Presented to the Actuaries Institute General Insurance Seminar 17 18 November 2014 Sydney
More informationMSM IS YOUR ADVOCATE IN THE EVENT OF ANY LOSS OR CLAIM PRE LOSS SERVICES
AUSTRALIA AND ASIA PACIFIC S PREFERRED PROVIDER OF BUSINESS INTERRUPTION, ECONOMIC LOSS CONSULTING, LITIGATION SUPPORT, CLAIMS MANAGEMENT, FORENSIC ACCOUNTING, AND RELATED SUPPORT SERVICES IS YOUR ADVOCATE
More informationWORKCOVER NSW SNA TRAINING
Frequently Asked Questions About the SNA process How will SNA assessors be introduced and described to clients? SNA assessors will be introduced to clients by the referring insurer. A key message to clients
More informationPremium System Design Balancing Stakeholder Needs. Jon Vallance, Vivian Tse. SIRA, Ernst & Young
Premium System Design Balancing Stakeholder Needs Jon Vallance, Vivian Tse SIRA, Ernst & Young Need for Change High historical profitability of current scheme under scrutiny Background of rising premiums
More informationWHAT THE LIFE INSURANCE CODE OF PRACTICE MEANS FOR CLAIMS
WHAT THE LIFE INSURANCE CODE OF PRACTICE MEANS FOR CLAIMS INSURANCE COMMERCIAL BANKING 1 WHAT THE CODE MEANS FOR CLAIMS TABLE OF CONTENTS 1 CLAIMS PHILOSOPHY Consider other or additional benefits... 4
More informationAnalysing Expenses: Should General Insurance Actuaries Get Excited?
Analysing Expenses: Should General Insurance Actuaries Get Excited? Tim Lane, Christa Marjoribanks, Sylvia Wong & Craig Price Tim Lane, Christa Marjoribanks, Sylvia Wong and Craig Price The Institute will
More informationMorgan s Queensland Investor Conference Presentation
ASX announcement 21 Presentation Attached is a copy of the presentation made at the Morgan s 2015 Queensland Investor Conference today. Darren Solomon Company Secretary attch. Suncorp Group Ltd- ABN 66
More informationQueensland Economic and Fiscal Update IAG 2016 Annual Conference
Queensland Economic and Fiscal Update IAG 2016 Annual Conference Mary-Anne Curtis, Deputy Under Treasurer, Agency Performance, Queensland Treasury 1 Queensland s economic outlook Strongest economic growth
More informationAUSTRALIA INTERMEDIATED (CGU) INVESTOR BRIEFING
9 March 2012 ABN 60 090 739 923 AUSTRALIA INTERMEDIATED (CGU) INVESTOR BRIEFING Mike Wilkins Managing Director and Chief Executive Officer Peter Harmer Chief Executive Officer Australia Intermediated (CGU)
More informationPROPOSAL FORM 1. NAME OF FIRM TO BE INSURED 2. ADDRESS OF FIRM 3. THE FIRM. (please include full names of all entities to be insured) Phone ( )
SURA Professional Risks Level 13 / 141 Walker St North Sydney NSW 2060 P O BOX 1813 North Sydney NSW 2059 Telephone. 02 9930 9500 Facsimile. 02 9930 9501 sura.com.au REAL ESTATE AGENTS PROFESSIONAL INDEMNITY
More informationEmployer Best Practices in Controlling NY WC Claim Costs As presented at the 2017 NYSBCA Annual Convention
Employer Best Practices in Controlling NY WC Claim Costs 2017 Lisa Sauro, WC Supervisor Joined National Interstate in 2015 Supervises staff of WC adjusters throughout the U.S. 25 years of Worker s Compensation
More informationCTP Scheme Comparison. Matthew Gold
CTP Scheme Comparison Matthew Gold Data received from NSW QLD VIC SA TAS NZ NT WA (MAA) (MAIC) (TAC) (MAC) (MAIB) (ACC) (TIO) (ICWA) Method Used data template information received Index approach to show
More informationIAA Presidents Forum. Update on. Enterprise Risk Management (ERM) Paris, 28 May 2006
IAA Presidents Forum Update on Enterprise Risk Management (ERM) Paris, 28 May 2006 Outline of Agenda 1. IAA Presidents Forum in Rio 2005 identified Risk Management as a key area of focus for the IAA 2.
More informationBalancing Scheme Reforms
Balancing Scheme Reforms A Wicked Problem Tony Mobbs, Allianz Australia Insurance Limited This presentation has been prepared for the Actuaries Institute 2015 Injury Schemes Seminar. The Institute Council
More informationHeadings Discussion paper
Headings Discussion paper Review of Compulsory Third Party (CTP) motor vehicle insurance for point-to-point transport vehicles Have your say 1 Section Background What is CTP Insurance? People injured in
More informationClaim Segmentation, Valuation and Operational Modelling for Workers Compensation
Claim Segmentation, Valuation and Operational Modelling for Workers Compensation Prepared by Richard Brookes, Anna Dayton and Kiat Chan Presented to the Institute of Actuaries of Australia XIV General
More informationEvolution of the Actuarial Profession. Martin Stevenson President, Institute of Actuaries of Australia
Evolution of the Actuarial Profession Martin Stevenson President, Institute of Actuaries of Australia Overview Global now, Australia later Global demand for actuaries Education Professional Governance
More informationOn the road to a better CTP scheme. CTP reform position paper
On the road to a better CTP scheme CTP reform position paper Contents Minister s foreword... 3 Introduction... 4 Why Option 3?... 5 What happens next?... 6 Market and premium setting... 7 Underwriting
More informationDevelopment Seminar Series
Development Seminar Series Thinking ahead drafting and negotiating contracts to avoid disputes Dan Young and Nicholas Ng 5 August 2014 Allens is an independent partnership operating in alliance w ith Linklaters
More informationRate Adequacy Index for Commercial Lines Commercial Lines Pricing Seminar August Copyright 2012 Finity Consulting
Rate Adequacy Index for Commercial Lines Commercial Lines Pricing Seminar 2012 27 August 2012 Copyright 2012 Finity Consulting Estimated Underwriting Profit Is actual profit sending the right signals?
More informationRe: Claims handling, business plans and medical (treatment, rehabilitation and care) Guidelines for motor accident claims
17 October 2016 Our ref: 161010-SIRA-TC Ms Annette Keay Senior Advisor, Injury Strategy Motor Accidents Insurance Regulation State Insurance Regulatory Authority (SIRA) Via email: annette.keay@sira.nsw.gov.au
More informationPotential Witness List & Explanatory Notes
Potential Witness List & Explanatory Notes In summary For the Witness Workshops themes 2-4 you will choose your preferred witnesses. Use your 6 dots to choose those witnesses that you want to hear from
More informationANZ/PROPERTY COUNCIL SURVEY CHART BOOK
218 For further information please contact Property Council Research P 2 933 19 F 2 933 1978 E research@propertycouncil.com.au W www.propertycouncil.com.au ANZ/PROPERTY COUNCIL SURVEY CHART BOOK SEP QTR
More informationEstimated cost per policy of the new NSW CTP Green Slip Scheme under the Motor Accident Injuries Act 2017 (NSW)
Estimated cost per policy of the new NSW CTP Green Slip Scheme under the Motor Accident Injuries Act 2017 (NSW) State Insurance Regulatory Authority 24 July 2017 Table of contents 1. Executive Summary...
More informationLet s Talk about Agent Remuneration (for outsourced claims and policy administration services)
Let s Talk about Agent Remuneration (for outsourced claims and policy administration services) Peter Hardy and Grace Ng PricewaterhouseCoopers This presentation has been prepared for the Actuaries Institute
More informationResearch and Data Analysis Relevant to the Development of Standards and Guidelines on Liability Valuation for General Insurance
The Institute of Actuaries of Australia Research and Data Analysis Relevant to the Development of Standards and Guidelines on Liability Valuation for General Insurance 20 November 2001 Robyn Bateup Ian
More informationWorker to Worker Claims in Liability Portfolios
Worker to Worker Claims in Liability Portfolios Prepared by Benoit Laganiere (QBE) and Yan Zhao (Ernst & Young) Presented to the Institute of Actuaries of Australia 17 th General Insurance Seminar 7-10
More informationANZ/PROPERTY COUNCIL SURVEY CHART BOOK
218 For further information please contact Property Council Research P 2 933 19 F 2 933 1978 E research@propertycouncil.com.au W www.propertycouncil.com.au ANZ/PROPERTY COUNCIL SURVEY CHART BOOK JUN QTR
More informationA response by the Association of Personal Injury Lawyers December 2017
Solicitors Regulation Authority Looking to the future: better information, more choice A response by the Association of Personal Injury Lawyers December 2017 Page 1 of 6 The Association of Personal Injury
More informationAsia Arrive, Survive, Thrive William Liang, Matt Hodson, Hardik Dalal & Merry Tang Ernst & Young
Asia Arrive, Survive, Thrive William Liang, Matt Hodson, Hardik Dalal & Merry Tang Ernst & Young This presentation has been prepared for the Actuaries Institute 2012 General Insurance Seminar. The Institute
More informationTelematics Impacts on CTP and WC Kaise Stephan Deloitte Actuaries & Consultants Limited
Telematics Impacts on CTP and WC Kaise Stephan Deloitte Actuaries & Consultants Limited This presentation has been prepared for the Actuaries Institute 2013 Injury Schemes Seminar. The Institute Council
More information2017 CAS ANNUAL MEETING. Impact and Implications of 2015 and 2016 Ontario Auto Insurance Reforms. May 23, 2017
2017 CAS ANNUAL MEETING Impact and Implications of 2015 and 2016 Ontario Auto Insurance Reforms May 23, 2017 AGENDA 1. History of Ontario Auto 2. Claim Issues leading to 2016 AB Reforms 3. 2015 and 2016
More information2017/18 Professional Indemnity Insurance (PII) Proposal Form
2017/18 Professional Indemnity Insurance (PII) Proposal Form Lawcover Insurance Pty Limited ABN 15 095 082 509 Level 13, 383 Kent Street Sydney NSW 2000 DX 13013 Sydney Market Street Telephone: 1800 650
More informationNSW CTP: A scheme in need of reform
NSW CTP: A scheme in need of reform A first party, no-fault scheme will provide simpler, fairer access to benefits for all road users. The inclusion of defined benefits for all people who are injured,
More informationCommunity Care Providers Combined Liability Application Form v0218
Community Care Providers Combined Liability Application Form v0218 IMPORTANT NOTICES Please read these Important Notices before completing this application. Your duty of disclosure Before you enter into
More informationSUPERANNUATION TRUSTEES LIABILITY INSURANCE PROPOSAL
SUPERANNUATION TRUSTEES LIABILITY INSURANCE PROPOSAL NOTICE TO THE PROPOSED INSURED [Including notices under the Insurance Contracts Act] Nova Underwriting Pty Ltd ABN 42 127 786 123 / AFSL 324767 IMPORTANT
More informationEmployer injury claim form
Employer injury claim form Workers Compensation Act 1987 Claimant name Date of Injury Claim number If you are a licensed self-insurer, where you read workers compensation insurer and Agent also read self-insurer
More informationEstablishment of Australian Financial Complaints Authority
21 November 2017 Manager Financial Services Unit The Treasury Langton Crescent PARKES ACT 2600 Head of Secretariat AFCA Transition Team Financial Services Unit The Treasury Langton Crescent PARKES ACT
More informationFor personal use only
11 January 2017 Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir AFG MORTGAGE INDEX - DECEMBER QUARTER 2016 Please see attached statement regarding AFG
More informationDIRECTORS & OFFICERS LIABILITY INSURANCE INFORMATION
DIRECTORS & OFFICERS LIABILITY INSURANCE INFORMATION CGU PROFESSIONAL RISKS As one of Australia s leading directors and officers insurers for over 20 years, offers an insurance policy that is designed
More informationProfessional Indemnity Proposal Form
Professional Indemnity Proposal Form Real Estate Agents Email: proposals@woodina.com.au Website: www.woodina.com.au NOTICE TO INSURED (Pursuant to the provisions of the Insurance Contracts Act 1984) Your
More informationWe refer to the discussion document on options for extending the Accredited Employers Programme and introducing choice in the Work Account.
15 July 2011 Department of Labour Attention ACC discussion P O Box 3075 Wellington 6140 Dear Sir Increasing choice in workplace accident compensation We refer to the discussion document on options for
More informationOptimaLite. General Insurance Insights 2017
General Insurance Insights 2017 1 Welcome to OptimaLite Following on from the ten years of success of Pendulum, this key state of the industry document has returned in 2017 as Optima. Optima explores the
More informationIMPLEMENTING LEGISLATIVE REFORM: THE SOUTH AUSTRALIAN STORY
IMPLEMENTING LEGISLATIVE REFORM: THE SOUTH AUSTRALIAN STORY Prepared by Wayne Potter, Ian Rhodes and Emma Siami Presented to the Institute of Actuaries of Australia 12 th Accident Compensation Seminar
More informationResponse to Reforming insurer profit in CTP discussion paper
28 November 2016 CTP Review State Insurance Regulatory Authority Level 25 580 George Street Sydney NSW 2000 email: CTP_review@sira.nsw.gov.au Response to Reforming insurer profit in CTP discussion paper
More informationSuperimposed Inflation in CTP Schemes What s in our toolkit? Karen Cutter
Superimposed Inflation in CTP Schemes What s in our toolkit? Karen Cutter Today s presentation What is superimposed inflation? What are the problems in measuring SI? What s in the toolkit? - Actuarial
More informationInsurance Brokers Addendum
Insurance Brokers Addendum IMPORTANT INFORMATION: PLEASE READ THE FOLLOWING INFORMATION BEFORE COMPLETING THIS ADDENDUM Obtaining a Quotation To minimise delays in obtaining a quotation please provide
More informationEmerging trends and practices in Life Insurance Claims Management. 9th October 2017
Emerging trends and practices in Life Insurance Claims Management 9th October 2017 1 Today s presentation Life insurance claims landscape Case Law trends and life claims litigation Rehabilitation and Return
More informationMORE BENEFITS STRONGER FUTURE MEMBER REPORT
MORE BENEFITS STRONGER FUTURE MEMBER REPORT 05 / 06 FROM OUR EXECUTIVE DIRECTOR, MARY WOOD INTRODUCTION The past year has been historic for our industry, with the merger of the Retirement Village Association
More informationWorkers Rehabilitation and Compensation Amendment Bill 2016
HEALTH PROFESSIONALS BRIEFING FOR LEGISLATIVE COUNCIL Workers Rehabilitation and Compensation Amendment Bill 2016 Wednesday 16 August 2017 0930 BACKGROUND Organisations involved in briefing: o Tasmanian
More information2017/18 Professional Indemnity Insurance (PII) Proposal Form
2017/18 Professional Indemnity Insurance (PII) Proposal Form Lawcover Insurance Pty Limited ABN 15 095 082 509 Level 13, 383 Kent Street Sydney NSW 2000 DX 13013 Sydney Market Street Telephone: 1800 650
More informationThe real plaintiff lawyer costs in personal injury claims
costs in personal injury Jason Kroeger, SIRA & Kenneth Chua, EY sira.nsw.gov.au Outline Background & Regulation Claims Cost Disclosure Portal Scheme Efficiency Detailed Findings Further Developments Background
More informationMEDICAL ESTABLISHMENTS MEDICAL MALPRACTICE INSURANCE PROPOSAL FORM
MEDICAL ESTABLISHMENTS MEDICAL MALPRACTICE INSURANCE PROPOSAL FORM IMPORTANT INFORMATION: PLEASE READ THE FOLLOWING INFORMATION BEFORE COMPLETING THIS PROPOSAL A. Your Duty of Disclosure Before you enter
More informationFinancial Services Guide ( FSG )
Financial Services Guide ( FSG ) 01 April 2019 Introduction This FSG contains important information about Edge Underwriting Pty Ltd ( Edge ). This FSG is designed to help You decide whether to use the
More informationProposal Form. Real Estate Agents Professional Indemnity
Proposal Form Real Estate Agents Professional Indemnity Important Notices Please read these notices before completing the Proposal Form. Your duty of disclosure Before you enter into an insurance contract,
More informationAustralian Finance Group (ASX: AFG) has today released the AFG Mortgage Index for the final quarter of the 2016/17 financial year.
13 July 2017 Non-majors and fixed rates in favour Australian Finance Group (ASX: AFG) has today released the AFG Mortgage Index for the final quarter of the 2016/17 financial year. AFG CEO David Bailey
More informationProposal Form. Directors & Offices Liability Professional Indemnity
Proposal Form Directors & Offices Liability Professional Indemnity Important Notices Please read these notices before completing the Proposal Form. Your Duty of Disclosure Before you enter into an insurance
More informationRenewal Declaration. Real Estate Agents
Renewal Declaration Real Estate Agents Important Notices Please read these notices before completing the Renewal Declaration. Your Duty of Disclosure Before you enter into an insurance contract, you have
More informationImproving Queensland s CTP Scheme. Suncorp Group s submission to the 2016 Queensland CTP Review
Improving Queensland s CTP Scheme Suncorp Group s submission to the 2016 Queensland CTP Review 1 Contents Executive Summary... 3 The Suncorp Group... 4 Suncorp in the Community... 5 Youngcare... 5 Current
More informationFinancial Services Guide
Financial Services Guide Version 12 Date: 01/01/2018 Important Information About our Licensee Financial Services Guide This Financial Services Guide (FSG) is designed to clarify who we are and what we
More informationCompulsory purchase orders. Resolving disputes
Compulsory purchase orders Resolving disputes Compulsory purchase of property is an essential tool in a modern democratic society. It facilitates planned and orderly development Hand in hand with the power
More informationFinancial Services Guide
Financial Services Guide The financial services referred to in this financial services guide (FSG) are offered by Tymar (WA) Pty Limited atf the Cob Unit Trust t/a Zenith Insurance Services (Zenith). This
More informationactual or alleged facts that might give rise to a Claim which were known to the Insured prior to the commencement of the Policy Period;
Important Notice Signed is Required It is a condition of this policy that the Insured shall provide to AIG Australia Limited a signed and dated hard copy of this proposal form within 14 days of the policy
More informationNON-INSURANCE IN THE SMALL TO MEDIUM SIZED ENTERPRISE SECTOR
NON-INSURANCE IN THE SMALL TO MEDIUM SIZED ENTERPRISE SECTOR [Type text] JULY 2015 Contents Summary findings... 1 About the survey... 3 Rate of non-insurance fall across industry... 3 Under or inadequate
More informationProfessionalism and application of actuarial skills in the public interest while serving the various stakeholders
Professionalism and application of actuarial skills in the public interest while serving the various stakeholders Topic Introduction Actuarial Skills Application Choosing Assumption Business Planning Appraisal
More informationFINANCIAL SERVICES REGULATORY AUTHORITY OF ONTARIO NOTICE AND REQUEST FOR COMMENT PROPOSED FSRA RULE ASSESSMENTS AND FEES TABLE OF CONTENTS
FINANCIAL SERVICES REGULATORY AUTHORITY OF ONTARIO NOTICE AND REQUEST FOR COMMENT PROPOSED FSRA RULE 2019 001 ASSESSMENTS AND FEES TABLE OF CONTENTS Introduction... 1 Development of Proposed Fee Rule...
More informationProposal Form. Recruitment Services Professional Indemnity
Proposal Form Recruitment Services Professional Indemnity Important Notices Please read these notices before completing the Proposal Form. Your duty of disclosure Before you enter into an insurance contract,
More informationKey ERM Components. November 2007
Key ERM Components November 2007 Topics Risk Management and Enterprise Risk Management (ERM) what s the difference? Key Elements of an ERM Framework Importance to the Actuarial Profession Risk Management
More informationFraud Investigation & Dispute Services Corporate misconduct individual consequences
Fraud Investigation & Dispute Services Corporate misconduct individual consequences Canadian highlights of EY s 14 th Global Fraud Survey Foreword In the aftermath of recent major terrorist attacks and
More informationWorkplace Safety and Insurance Board
Workplace Safety and Insurance Board 2013 Sufficiency Report to Stakeholders Workplace Safety and Insurance Board Commission de la sécurité professionnelle et de l assurance contre les accidents du travail
More informationAbout the Sanlam Group
About the Group About this report Operational structure The Corporate Office of the Group is responsible for a set of centralised functions, as shown below. Our financial products and are provided through
More informationOverview - State Tax Review Discussion Paper
Overview - State Tax Review Discussion Paper FEBRUARY 2015 WWW.YOURSAY.SA.GOV.AU Why Are We Reviewing Our State Tax System? South Australia is already a great place to live and we value that as a community.
More informationINSURANCE SOLUTIONS SPECIALTY CONSTRUCTION
CONSTRUCTION INSURANCE SOLUTIONS There are many traditional insurance solutions available, offered on either an annual basis or project specific basis that cover select parties or provide cover for all
More informationFor personal use only
Level 3 64 Allara Street Canberra ACT 2600 (PO Box 1000 Civic Square ACT 2608) ABN 92 003 157 515 Ph 02 6230 0800 Fax 02 6230 0811 26 February 2015 ASX Code: CNB Companies Announcement Platform Australian
More informationInternational Seminar on Strengthening Public Investment and Managing Fiscal Risks from Public-Private Partnerships
International Seminar on Strengthening Public Investment and Managing Fiscal Risks from Public-Private Partnerships Budapest, Hungary March 7 8, 2007 The views expressed in this paper are those of the
More information2014 Law Society National Profile
2014 Law Society National Profile Final Report APRIL 2015 Prepared by Urbis for The Law Society of New South Wales xdisclai mer x STAFF RESPONSIBLE FOR THIS REPORT WERE: Director Senior Consultants Consultant
More information11 th Annual International Seminar on Policy Challenges for the Financial Sector
11 th Annual International Seminar on Policy Challenges for the Financial Sector Washington, D.C 1 3 June 2011 Session 2 Improving supervisory intensity and effectiveness in dealing with SIFIs Nor Shamsiah
More informationMEDICAL, HEALTH & ALLIED ESTABLISHMENTS MALPRACTICE INSURANCE PROPOSAL FORM
MEDICAL, HEALTH & ALLIED ESTABLISHMENTS MALPRACTICE INSURANCE PROPOSAL FORM Answer all questions. Blanks &/or dashes, or answers known to underwriters or brokers or N/A are not acceptable & will delay
More informationTitle. Purpose. Background. Scope. Disclaimer. Definitions and Supporting Information
Title Purpose Background Driving a participant - carer or funders motor vehicle while delivering a community support or service This guideline is to assist: Service providers, support workers, Participants,
More informationPROFESSIONAL INDEMNITY RENEWAL DECLARATION IMPORTANT INFORMATION: PLEASE READ THE FOLLOWING INFORMATION BEFORE COMPLETING THIS RENEWAL DECLARATION
PROFESSIONAL INDEMNITY RENEWAL DECLARATION IMPORTANT INFORMATION: PLEASE READ THE FOLLOWING INFORMATION BEFORE COMPLETING THIS RENEWAL DECLARATION A. Your Duty of Disclosure Before you enter into an insurance
More informationGenesis Housing Association Tax Strategy. Year Ended 31 March 2017
Genesis Housing Association Tax Strategy Year Ended 31 March 2017 Contents Pages 1 Introduction 1 2 Tax Code of Conduct 3 3 Organisation, Processes and Communication 5 4 Tax Risk Management and Planning
More informationFinancial Services Guide.
Financial Services Guide. Money made simple. Wealth Market Pty Ltd Level 17, 135 King Street, Sydney NSW 2000 AFSL No. 482898 ABN 56 128 350 112 P 1800 011 471 E hello@wealthmarket.com wealthmarket.com
More informationPremium Support Scheme (PSS) Important Information Effective from 1 July 2014
Support Protect Promote Premium Support Scheme (PSS) Important Information Effective from 1 July 2014 MDA National Insurance Pty Ltd ABN 56 058 271 417 AFS Licence No. 238073 Introduction SECTION 1: Terms
More informationSocial Security and the Role of the Actuary
Social Security and the Role of the Actuary Institute of Actuaries of India Seminar on Current Issues in Pension, Employee Benefits and Social Security Mumbai, October 25 and 26, 2010 Presenter - Alan
More informationModule description Module objectives Module outcome SYLLABUS. Hong Kong Practical Education Module. June 2017 Edition
Module description Module objectives Module outcome SYLLABUS Hong Kong Practical Education Module Syllabus of Practical Education Module P. 1 of 6 ASHK practical education module 1. Module description
More information