A note that provides an overview of key issues in relation to insurance and reinsurance. It covers the regulation of insurance and reinsurance activities (including licensing, registration and conduct requirements under the Insurance (Prudential Supervision) Act 2010, Financial Service Providers (Dispute Resolution and Registration) Act 2008 and Financial Markets Conduct Act 2013), restrictions on ownership and control of insurers, form and content of insurance and reinsurance policies, consumer protections and dispute resolution, insurance and reinsurance policy claims, remedies for breach of an insurance policy, insolvency issues for insurers and proposed reforms.