Members of Northern Australia Insurance Lobby Inc (NAIL) voted to change the name of their association at their recent AGM held on 16th June 2022 to the Australian Consumers Insurance Lobby Inc (ACIL).
NAIL was originally established as a consumer representative group for the issue of affordability and availability of insurance in Northern Australia and the change in name recognises the broadening of the scope of consumer issues ACIL will now address. While Northern Australia remains a key focus of our association, we have discovered broader issues associated with insurance (including affordability & availability of insurance) ACIL will now address.
ACIL’s key priorities in the coming year will be to:
Work with various stakeholders to ensure the implementation of the Cyclone Reinsurance Pool is fit for purpose for consumers. This includes dealing with any consumers issues following the release of the reinsurance pool and representing consumers on the expansion of the re-insurance pool to include marine risks from 1 July 2022;
Broaden the scope of the Australian Reinsurance Pool Corporation to deal with other insurance market failures such as flood, bushfire, storm surge, leisure industry liability etc.
Lobbying for the removal of government stamp duties and levies from insurance;
“Consumers are underrepresented on issues related to insurance and it is important they have a voice. Our lobbying during government consultations on the Cyclone Reinsurance Pool got material changes that will benefit consumers. Our organisation is still committed to consumers in Northern Australia but we believe more work needs to be done to address other failures in the insurance industry and we intend on lobbying to ensure consumers come first.” ACIL Chairperson Tyrone Shandiman said.
The elected committee for the coming year are:
Tyrone Shandiman (Chairperson)
Eva Rankmore (Secretary)
Bradley Von Xanten (Treasurer)
Pam Farrell (General Committee Member)
Dawn Romanella (General Committee Member)
ACIL are looking for additional members to join our committee. We are looking prospective committee members that can represent or be the committee representative for other insurance issues such as flood, bushfire, storm surge, leisure industry liability.