Are digital signatures valid for Australian insurance policy renewals?

For validity in insurance renewals, digital signatures must be created using a method that ensures reliability and security, such as encryption and audit trails. They should comply with the Electronic Transactions (Victoria) Act 2000 and any relevant guidelines from the Australian Prudential Regulation Authority (APRA) or Australian Securities and Investments Commission (ASIC), confirming the signer's identity and consent.

While digital signatures are generally accepted, exceptions may apply for certain high-risk or complex insurance products where physical signatures are required by contract or regulation. It is advisable to verify with the specific insurer and seek legal advice to ensure compliance with all applicable laws and policies.