Representatives of the life insurance sector will be asked to make another trip to Canberra to answer questions before the Parliamentary Joint Committee (PJC) Inquiry into the Life Insurance Industry, which has announced three new hearings.<\/p>\n
The PJC Secretariat, which has yet to release the programs for the hearings, confirmed the dates with Riskinfo<\/em> as 26 May, 18 August and 8 September.<\/p>\n The extra dates follow the PJC being granted an extension by the Senate in late March to move back\u00a0its reporting date by four months, from 30 June to 31 October 2017.<\/p>\n To date, the PJC has already conducted three days of hearings \u2013 one in Melbourne, Sydney and Canberra during February and March, and received more than 70 submissions and 17 responses to questions on notice from insurers, associations and advisers.<\/p>\n At the earlier hearings, the PJC indicated it would not be looking at making changes to the Life Insurance Framework legislation (see: PJC Review Will Not Tackle LIF Reforms<\/a>) and has instead focused on direct insurance, clawback, churn rates, underwriting practices, and mental illness and insurance (see:\u00a0Inside the Mind of the PJC<\/a>).<\/p>\n Update – 19 May<\/em><\/p>\n The PJC has released the program for the 26 May hearing with insurers Zurich Financial Services Australia and Real Insurance appearing alongside NAB, medical advisory group MedHealth, The Ethics Centre and the Australian Genetic Non-Discrimination Working Group.<\/p>\n Appearing on behalf of Zurich will be Chief Executive Officer, Life & Investments, Tim Bailey and Chief Operating Officer, Life & Investments, Philip Anderson.<\/p>\n Appearing for NAB will be Chief Customer Officer, Consumer Banking and Wealth Management, Andrew Hagger; Executive General Manager, Wealth Advice, Greg Miller; and General Manager, Customer Experience, Super, Lara Bourguignon.<\/p>\n","protected":false},"excerpt":{"rendered":" Representatives of the life insurance sector will be asked to make another trip to Canberra to answer questions before the Parliamentary Joint Committee (PJC) Inquiry into the Life Insurance Industry, which has announced three new hearings.<\/p>\n","protected":false},"author":3,"featured_media":37093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[4247],"class_list":["post-37054","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/37054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=37054"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/37054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/37093"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=37054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=37054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=37054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}