
Australian Securities Investments Commission
Australian Securities and Investments Commission (ASIC). ASIC is the financial world’s watchdog and when it comes to our TPD business, they’re the ones making sure we dot every "i" and cross every "t". Not only do they keep us on track but they also make sure insurance companies aren’t getting too comfy with delays or denying valid claims. In fact, ASIC has uncovered that many insurance companies have been caught dragging their feet or making life difficult for claimants and they’re not afraid to step in and hold them accountable. ASIC recently uncovered some alarming findings insurance companies were denying claims faster than a toddler denies vegetables. It turns out, many claims were rejected with little more than a 'sorry, try again' response, leaving claimants high and dry. Looks like ASIC is now on a mission to make sure insurers start paying up or they’ll be in hot water!Basically, ASIC is the referee, the umpire and the rulebook all in one ensuring everyone plays fair, especially when it comes to protecting your claims!