Economics Committee to scrutinise insurance sector 28 and 29 April 2020


The House of Representatives Standing Committee on Economics will scrutinise the insurance sector over two days of hearings by videoconference on 28 and 29 April 2020, as part of its ongoing review of the four major banks and other financial institutions.

The Chair of the committee, Mr Tim Wilson MP, said 'these hearings are an important mechanism for the Parliament to publicly scrutinise and hold Australia's insurance sector to account'.

'Insurance is an essential way that Australians and Australian businesses manage risk and protect themselves from financial loss after disaster strikes. Australians must be able to rely on the insurance sector to provide high-quality policies and respond quickly when claims are made.'

'Given the widespread misconduct in the insurance sector identified by the Hayne Royal Commission, it is important that insurers and those in the industry are held accountable to ensure that they are making the crucial improvements needed to restore trust in the sector.'

'The COVID-19 pandemic has also raised a number of relevant issues relating to policy coverage ranging from travel insurance, landlord insurance and income protection that also need to be explored.'

Public hearing details

Date: Tuesday, 28 April 2020
Time: 9.15am to 5.00pm

Date: Wednesday, 29 April 2020
Time: 9.15am to 3.30pm










Insurance Council of Australia



Allianz Australia


Clearview Life Insurance

AIA Australia

TAL Life













Insurance Australia Group



QBE Australia



The hearings will be broadcast live at


Australian Government Business Business & Economy Political

Australian Government :
Canberra ACT 2600, Australia Wide
02 6277 7111
Australian Government
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