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Insurance

PJC doubts life insurance industry can self-regulate

A Parliamentary Joint Committee on life insurance said it is "not convinced" the industry can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC.

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Read more: PJC,  FSC,  ASIC,  Life Insurance Industry,  Parliamentary Joint Committee,  AFCA,  Australian Financial Complaints Authority,  Banking Executive Accountability Regime,  BEAR,  ClearView,  Financial Services Council,  FSC Life Insurance Code of Practice,  Martin Fahy,  Simon Swanson