ASIC

QBE faces USD 75m remediation cost as policy pricing promise ‘not fully delivered’

20th July 2022

Australian insurer QBE will record a USD 75 million pre-tax remediation cost in 1H 2022 as part of its investigation into pricing practices, which is part of a wider industry review by the Australian Securities and Investment Commission (ASIC). QBE has been investigating pricing practices dating back numerous years, across various ... Read the full article