COVID-19 Australia: Weekly Briefing (4 May 2020)

The weekly briefings are prepared to assist you with keeping up to date with the effects of any legislative, regulatory or general changes as a consequence of Coronavirus (COVID-19).

Also, Clyde & Co also has a dedicated COVID-19 Information Hub which hosts many articles from around the world that provide different perspectives and in-depth analysis on many of these issues.

Insurance Industry - Economic Response Package

ASIC Sets Out its COVID-19 Expectations for General and Life Insurers

ASIC has recently written to Australian general and life insurers to set out its expectations on how insurers should respond to the COVID-19 outbreak.

In monitoring the responses of insurers to COVID-19, ASIC has indicated that it will closely scrutinise how insurers handle COVID-19 related claims. To assist insurers, ASIC has indicated that insurers should take steps to ensure that their claims management staff do not intentionally or inadvertently discourage insureds