The Chief Risk Officer at Allianz Insurance testifies at the Banking Royal Commission

[6.11] Lori Callahan, Chief Risk Officer at Allianz, is being questioned over the state of the compliance function within the Australian arm of the company, including how Alllianz commissioned an independent review of its culture, but then handed the report back because it didn’t like the findings. Recorded on 18 September 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne. Testimony held during the sixth round of public hearings at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, focusing on issues associated with the sale, design and handling of claims of life insurance and general insurance products in Australia. Witness Statement: https://bit.ly/2EJLx78 Exhibits: https://bit.ly/2Q0816t Transcript: https://bit.ly/2xJFJFH This video was extracted from the Royal Commission’s webcast archive and republished here as permitted under its Creative Commons Attribution 4.0 International licence. The source file, containing the raw archived webcast of the entire day of hearings, was trimmed to only retain the testimony of the above witness(es) and remove any breaks and offline periods of the webcast. For testimonies held over multiple days, separate source files would have been combined to create one consolidated video. Video Source: https://bit.ly/2XBSBKh Copyright information: https://bit.ly/2K2JMl2 Creative Commons license information: https://bit.ly/1rMF155 Whilst permitted under its Creative Commons licence, the republication of this content on YouTube is not officially endorsed by the Royal Commission nor the Commonwealth of Australia. © Commonwealth of Australia 2018. #bankingRC