The NIBA Convention in October on the Gold Coast will continue the recent tradition of featuring a session called, ‘Meet the Regulators’, with the Chief Executive and Chief Ombudsman at AFCA, David Locke, the Chairman of the Insurance Brokers Code Compliance Committee, Michael Gill and ASIC Commissioner, Sean Hughes.
This is one event where intermediaries from all areas come together, regardless of cluster group allegiances, brokerage size and reach, and age of delegates, to gain the tools they need to thrive.
AFCA has had major challenges in recent months, with its formation from three separate organisations, a wider small business jurisdiction, and higher monetary limits. Brokers will hear from Locke on these matters, and in relation to the recent AFCA experience with insurance brokers.
The operation of financial sector codes of practice was a hot topic for discussion at the Royal Commission, and NIBA has commenced a review of the insurance broker Code. Gill’s comments on these matters at the Convention will be interesting to say the least.
Commissioner Hughes will be able to outline the key challenges ASIC is facing in 2019 and beyond, and how ASIC is responding to the recommendations of the Royal Commission, as well as how ASIC will implement and administer the new Product Intervention Powers now available to it.
It has never been more important for brokers to understand developments, work through challenges, and find the best way to respond to this changing landscape and demonstrate the role and value of intermediaries to the wider community. Intermediaries need to focus on the common purpose and present a united front as the industry prepares for the post Royal Commission review scheduled in the next couple of years.
Apart from AFCA, ASIC and the IBCCC, over the course of the two days, delegates will have the opportunity to hear from among a diverse group of tremendously talented speakers, who will share their knowledge and expertise across the important topics of the day.
Register now for the event before the super early bird registrations close.