Australia: Insurance Claims

With COVID-19 putting unprecedented pressure on the financial sector, the Australian Government and regulators have put their ambitious regulatory agenda on hold for six months to allow businesses to focus on managing the COVID-19 crisis.

With COVID-19 causing significant market volatility around the world, M&A deals have slowed to a trickle as companies focus on maintaining cash flow and keeping their employees and business safe.

Recent reforms improve Australian insurance claims handling, with stronger enforcement of the duty of utmost good faith.