Pressing issues for Australia following landmark misconduct inquiry
Big changes are coming Australia’s way following the Financial Services Royal Commission’s recent report on misconduct in the banking, superannuation and financial services industry. While recommendations from the findings are yet to be implemented, all stakeholders within the insurance law space are preparing for the increase in regulatory oversight. However, as all changes go, there are several hurdles that need to be surpassed to get Australia through the lifecycle of a hardening market.
We speak to leading legal experts from Sparke Helmore Lawyers, Carter Newell Lawyers and Holman Webb Lawyers on their observations regarding the issues facing various divisions of the sector including the financial lines, environmental liability and cybercrime spaces.
This article discusses:
• The biggest issues impacting the sector
• An overview of the spaces that are facing tough times
• What the future holds