What the ACCC does
- We can take action against private health insurers for breaking competition and consumer laws.
- We can take action against general insurers for breaking competition law.
- We monitor the prices, costs and profits of certain insurance products, before and after the government’s cyclone reinsurance pool was introduced.
- We prepare a yearly report to the Australian Senate on the health insurance industry.
What the ACCC can't do
- We can’t take action against general insurers for breaking consumer law. This is the role of the Australian Securities and Investments Commission (ASIC).
- We don’t resolve individual disputes about insurance.
- We don’t administer specific insurance laws.
- We don’t regulate insurance prices.