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Insurance Law Prize
Nominees include insurers, reinsurers, adjusters, brokers, consultants, academics, judges and lawyers.

DETAILS

Life @ AILA has been formed to promote,  debate and educate on issues of importance to the life and superannuation sectors of the insurance industry. Networking with colleagues in the insurance sector is also a key component. Members and non members are welcome.

Stanley Drummond is leading the work in this sector. Please make contact with Stanley or our Office for further details or inquiries.

Stanley Drummond
Thomson Geer

AILA is arranging the following life insurance events for 2017.

Further details will be posted on the website as they become available.

SPOTLIGHT SEMINAR:

Utmost good faith, unconscionable conduct and other notions of fairness – where are we now? 
(NSW, August 2017, date TBA, 4:30pm)

This seminar will explore the concepts of utmost good faith, good faith and fair dealing, unconscionable conduct, and providing financial services "efficiently, honestly and fairly". These concepts or duties operate both outside and alongside the express terms of a contract of insurance. They are pervasive but somewhat elusive concepts which have become highly relevant to the liability and regulation of both life and general insurers. Whilst relevant to both life insurance and general insurance this seminar will focus on life insurance.

It is more important than ever for those involved in life insurance to understand these concepts and the practical consequences that can flow from them. Failing to understand or paying insufficient regard could bring dire consequences.

For those who haven’t considered the interplay and application of these concepts, or haven’t done so in the last four years, it is definitely time to do so. It is crucial to understand the momentous changes to the Insurance Contracts Act 1984 (Cth) effected by the Insurance Contracts Amendment Act 2013 and, in particular, the increased rights of third party beneficiaries and greatly increased ASIC's powers. In the context of TPD claims there has been a steady stream of judicial statements about what is required on a tripartite basis between insurers, insureds and third party beneficiaries of cover. And, ASIC and APRA are now much more active in this area, specifically in relation to: how insurance products are sold; life insurance claims outcomes; and the responsibilities of superannuation trustees where insurance is provided through superannuation.

This seminar explains the concepts, reviews recent developments, looks at potential perils and crystal ball gazes to attempt to identify future trends.

Speakers: Peter Mann, Barrister & author of Mann's Annotated Insurance Contracts Act
Stanley Drummond, Partner, Thomson Geer
Chair: Dr Robin Bowley, Lecturer, Faculty of Law, University of Technology Sydney.

2017 Annual Life Insurance Law Review

(NSW, November 2017, date TBA, 8:30am)

This is a half-day seminar. For those who work in life insurance and related areas, this is the premier event in the insurance education calendar.
Speakers: Katy Adams, Ombudsman, Financial Ombudsman Service
Ragini Rajadurai, Deputy Chair, Superannuation Complaints Tribunal
Dr Robin Bowley, Lecturer, Faculty of Law, University of Technology Sydney
Peter Mann, Barrister & author of Mann's Annotated Insurance Contracts Act
Jason Stevens, Partner, HWL Ebsworth
Stanley Drummond, Partner, Thomson Geer
Suzy Tay, Principal, STay Legal
Moderators: Stanley Drummond, Partner, Thomson Geer
Scott Hodgson, Chief Underwriter, ClearView
 
 
 

CONTACT AILA OFFICE

PO Box 2011 FOREST HILL VIC 3131
1300 699 140 office@aila.com.au

 

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