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Showing 21 - 30 of 56 results for "Direct life insurance"

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... the restructure aims to realign its business model to ASIC's comprehensive review and findings of the direct life insurance segment. ASIC found direct life insurers' sales practices were poor and the products offered little to no value. Freedom ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... Numerous policy questions that arose from the life insurance round of the Royal Commission could shake up the direct life insurance segment and potentially ban conflicted remuneration in risk products. The document, released yesterday, questions the ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... hearings, referring specifically to the ClearView and Freedom Insurance episodes, whose practices of selling direct life insurance - particularly over the phone - absorbed much of the attention of the fortnight-long insurance hearings. When asked if ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Life insurer undertakes strategic review

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... Insurance Group said the decision to assess its options was spurred by the release of ASIC's review into direct life insurance last week. ASIC's review found sales practices and products that offer little to no value are leading to poor consumer outcomes ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... ASIC, consumer groups and other industry stakeholders to further improve consumer protections in the code. "Direct life insurance is an accessible and simple means of getting life insurance cover for many people. However, for consumers with a complex ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
A comprehensive ASIC review of direct life insurance found sales practices and products that offer little to no value are leading to poor consumer outcomes. The practises of 11 life insurance providers selling direct-to-customers were examined and included ...

FSC honours life insurance industry talent

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
... contributions to TAL and to our industry." AMP Life won two innovation category awards: The Innovation in Direct Life Insurance Award for its MyLife product; and the Innovation In Retail Life Insurance Award for its mental health training program. AMP's ...

Former Suncorp executive joins Freedom Insurance

KARREN VERGARA  |  TUESDAY, 6 FEB 2018
... Cohen said the company has a medium-term goal of becoming the second largest participant in the $441 million direct life insurance market for new business and a serious contender for industry leadership. Excluding risk underwriting, the ASX-listed firm ...

Listed mortgage broker joins forces with TAL

ALEX BURKE  |  MONDAY, 13 NOV 2017
... which the latter holds 14.5% of the market. Strategic Insight also announced that TAL Life won its 2017 Direct Life Insurance Excellence Award. Among the highlights, Zurich Australia received the Funeral Cover Level Premiums Award for American Express ...