Reports provided about insurers’ profitability

Julie Middleton made this Freedom of Information request to Australian Competition and Consumer Commission

Australian Competition and Consumer Commission did not have the information requested.

From: Julie Middleton

Delivered

Dear Australian Competition and Consumer Commission,

This is an application for the purposes of the FOI Act.

I am seeking copies of the following reports produced by:

1. Cumpston Sarjeant Pty Ltd, which was commissioned by the Law Council of Australia; and
2. Finity Consulting, which was commissioned by the Insurance Council of Australia.

The information below is provided to enable a responsible officer to identify the documents requested.

In July 2002 the Federal Government asked the Australian Competition and Consumer Commission (ACCC) to monitor costs and premiums in public liability and professional indemnity insurance to assess the extent to which insurance companies are passing on to consumers the benefits of insurance reforms.

Five ACCC reports can be accessed from the link:
https://www.accc.gov.au/publications/pub...

The ACCC, fifth monitoring report dated July 2005 includes:

Summary:

"Both the Law Council of Australia and the Insurance Council of Australia have recently commissioned reports that discuss insurers’ profitability and the effect of tort reforms."

Page 3:
"The ACCC asked insurers to provide information about policies, premiums, costs and profitability."

Page 6:
"This chapter presents information on public liability insurance from several sources outside the ACCC’s monitoring program, namely:

• the number of personal injury writs and civil claims lodged with courts in Victoria and New South Wales
• the amount of compensation recovered by the Health Insurance Commission
• the availability of insurance for the not-for-profit sector
• recent reports on the profitability of insurers.

Page 44:
6.4 Insurer's financial performance
"Two recent reports by consulting actuaries discuss insurers’ profitability and the effect of tort reforms. These reports were produced by Cumpston Sarjeant Pty Ltd, which was commissioned by the Law Council of Australia, and Finity Consulting, which was commissioned by the Insurance Council of Australia."

"The ACCC has not reviewed the data, assumptions or findings of either of these reports as part of its monitoring program. However, the ACCC notes the following in respect of some of the issues discussed in these reports."

The public has a right to know what the ACCC ought to have known in 2005. The above requested reports would have been produced with the view that the public would be provided details of their content.

Please do not hesitate to contact me if you require further information.

Yours faithfully,

Julie Middleton

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From: FOI
Australian Competition and Consumer Commission


Attachment FOI Julie Middleton ACCC to Applicant re Acknowledgment letter.pdf
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Dear Ms Middleton,

 

Please find attached letter for your consideration.

 

Kind regards,

 

FOI Team
Australian Competition & Consumer Commission
T: (02) 6243 1244

 

---
IMPORTANT: This email from the Australian Competition and Consumer
Commission (ACCC), and any attachments to it, may contain information that
is confidential and may also be the subject of legal, professional or
other privilege.  If you are not the intended recipient, you must not
review, copy, disseminate, disclose to others or take action in reliance
on, any material contained within this email.  If you have received this
email in error, please let the ACCC know by reply email to the sender
informing them of the mistake and delete all copies from your computer
system. For the purposes of the Spam Act 2003, this email is authorised by
the ACCC [1]www.accc.gov.au

References

Visible links
1. http://www.accc.gov.au/

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From: FOI
Australian Competition and Consumer Commission


Attachment FOI Julie Middleton Decision Letter.pdf
394K Download View as HTML


Dear Ms Middleton,

 

Please find the attached letter for your consideration.

 

Kind regards,

 

FOI Team
Australian Competition & Consumer Commission
T: (02) 6243 1244

 

The ACCC acknowledges the traditional custodians of Country throughout
Australia and recognises their continuing connection to the land, sea and
community. We pay our respects to them and their cultures; and to their
Elders past, present and future.

 

 

---
IMPORTANT: This email from the Australian Competition and Consumer
Commission (ACCC), and any attachments to it, may contain information that
is confidential and may also be the subject of legal, professional or
other privilege.  If you are not the intended recipient, you must not
review, copy, disseminate, disclose to others or take action in reliance
on, any material contained within this email.  If you have received this
email in error, please let the ACCC know by reply email to the sender
informing them of the mistake and delete all copies from your computer
system. For the purposes of the Spam Act 2003, this email is authorised by
the ACCC [1]www.accc.gov.au

References

Visible links
1. http://www.accc.gov.au/

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From: Julie Middleton

Delivered

Dear Australian Competition and Consumer Commission,

Please pass this on to the person who conducts Freedom of Information reviews.

I am writing to request an internal review of Australian Competition and Consumer Commission's handling of my FOI request 'Reports provided about insurers’ profitability'.

Your letter dated 9 December 2019 stated:

"The Cumpston Sarjeant Pty Ltd report is publicly available and can be found on The Parliament of New South Wales website:

https://www.parliament.nsw.gov.au/commit...
2488/Submission%202%20-%20attachment%201.pdf"

When I selected the link provided, the message was: "Page not found"

A full history of my FOI request and all correspondence is available on the Internet at this address: https://www.righttoknow.org.au/request/r...

Yours faithfully,

Julie Middleton

Link to this

From: FOI
Australian Competition and Consumer Commission

You have contacted the ACCC's Freedom of Information Unit. If you are
contacting us about an ACCC FOI request we will respond in due course.

 

To make a complaint please contact the ACCC’s Infocentre via the online
[1]complaint form or by calling 1300 302 502.

 

To report a scam to the ACCC please do so via the [2]report a scam web
form on the ScamWatch website or by calling 1300 302 502.

 

 

---
IMPORTANT: This email from the Australian Competition and Consumer
Commission (ACCC), and any attachments to it, may contain information that
is confidential and may also be the subject of legal, professional or
other privilege.  If you are not the intended recipient, you must not
review, copy, disseminate, disclose to others or take action in reliance
on, any material contained within this email.  If you have received this
email in error, please let the ACCC know by reply email to the sender
informing them of the mistake and delete all copies from your computer
system. For the purposes of the Spam Act 2003, this email is authorised by
the ACCC [3]www.accc.gov.au

References

Visible links
1. https://www.accc.gov.au/contact-us/conta...
2. https://www.scamwatch.gov.au/report-a-scam
3. http://www.accc.gov.au/

Link to this

From: FOI
Australian Competition and Consumer Commission

Dear Ms Middleton

The document should be accessible via this link: https://www.parliament.nsw.gov.au/commit...

If you have any difficulties accessing this document please contact us on 02 6243 1244.

Regards

Sonya Petreski
FOI Officer | Corporate Law Unit, Legal Group
Australian Competition & Consumer Commission
Level 2 | 23 Marcus Clarke Street Canberra 2601 | http://www.[ACCC request email]
T: +61 2 6243 1244 | F: +61 2 6243 1210
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From: FOI
Australian Competition and Consumer Commission

Dear Ms Middleton

We trust that the link works and that this satisfies your request. On this basis, we assume that you agree to withdraw your internal review request. If that is not the case, please notify us by 18 December 2019 that you wish to proceed with an internal review.

Regards

Sonya Petreski
FOI Officer | Corporate Law Unit, Legal Group
Australian Competition & Consumer Commission
Level 2 | 23 Marcus Clarke Street Canberra 2601 | http://www.[ACCC request email]
T: +61 2 6243 1244 | F: +61 2 6243 1210
 Please consider the environment before printing this email

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