Bridging the gap between the use of AI technology and general insurance compliance. Independent, commercially focused compliance assurance for general insurance firms using AI across sales, broking, pricing, claims, complaints, breach management and other regulated activities.
AI Compliance Assurance is delivered by Paul Muir, a leading general insurance compliance specialist with deep knowledge of Australia’s regulatory environment and the practical obligations GI firms must meet.
Receive an independent compliance perspective on how AI is being used within your business, helping you identify whether existing processes continue to meet regulatory and Code obligations.
From sales and distribution to pricing, claims, complaints and breach management, we assess how AI interacts with your existing compliance responsibilities across key areas of your operations.
Australian financial services laws and regulatory requirements are technology neutral. We help ensure that adopting AI does not create gaps between the way your business operates and the obligations it must continue to meet.
Assess your AI use cases against relevant Financial Services Laws, the Privacy Act, APRA requirements and applicable industry Codes to identify potential compliance gaps and risks.
Receive clear, operational guardrails for your AI applications based on their customer impact, regulatory exposure and inherent risk that will help your teams understand where additional controls may be required.
Strengthen oversight through practical advice on AI governance, Senior Management and Responsible Manager oversight, human-in-the-loop requirements and post-implementation monitoring.
Supporting general insurance firms adopting AI across their business while continuing to meet existing regulatory and Code obligations.
We identify how AI is being used or proposed across your business, the activities it influences and the regulatory obligations that may apply.
Your AI use cases, policies and supporting artefacts are assessed against relevant regulatory, privacy, prudential and industry Code requirements.
We identify compliance gaps and establish practical controls, governance requirements and human oversight appropriate to the level of risk.
Receive ongoing compliance advice as your AI use evolves, including post-implementation monitoring and updates on relevant regulatory developments.
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The timeframe depends on the complexity of your application, the authorisations being requested, the quality of the supporting documentation and ASIC’s review process. We help prepare a clear and comprehensive application to minimise avoidable delays; however, the final processing timeframe is determined by ASIC.
An AFS licence application generally requires detailed information about your business model, financial services and products, proposed authorisations, responsible managers, organisational competence, financial resources, compliance arrangements, systems and internal processes. We guide you through the requirements and help prepare the supporting documentation.
Yes. We assist with AFS licence variations where a business needs to add or amend its authorisations, financial services, products or responsible managers. We can support you throughout the preparation and submission process through the ASIC Regulatory Portal.
We specialise in AFS licensing for the general insurance sector. Our clients include insurers, insurance brokers, underwriting agencies and MGAs, claims managers and DCAs, and claimant intermediaries. This specialist focus gives us a practical understanding of the business models, licensing requirements and regulatory challenges specific to the general insurance industry.
Talk to us about how AI is being used within your business and how we can help ensure it continues to operate within your existing regulatory and Code obligations.
