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Showing 71 - 80 of 1079 results for "Insurers"

Value companies to outperform in 2023: VanEck

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
... Moreover, Australian equities are trading at lower valuations relative to US equities, he said. McCormack also favoured insurers like QBE and IAG which have a captive market and pricing power. He had a more pessimistic outlook about the consumer discretionary ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... provider. It's the long-debated proposal that's considered the most problematic and will see superannuation funds, insurers and banks gain more advice autonomy if Treasury adopts the recommendation outlined in the Quality of Advice Review (QAR) ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... financial advisers feeling burdened by excessive regulation, leading them to increase fees or leave the profession. Banks, insurers, wealth managers, and superannuation funds are also struggling with the uncertainties and disproportionate risks in the ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
... 2019 remediation matter involved a since terminated adviser. While its making progress with its professional indemnity insurers, Sequoia said it has "not recognised a contingent asset at this stage." However, its licensee Interprac Financial Planning ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... complete the claims form and providing an initial eligibility assessment, only requesting relevant information from life insurers during the claims assessment process and, proactively overseeing the claims assessment process while also keeping members ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... reserves being released. On bond yields, APRA pointed out: "As government bond yields increase, the future liabilities of insurers are discounted at a higher rate leading to a reduction in their value. This downward revaluation of liabilities makes a ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
ASIC has called life insurers to review the accuracy of their systems and controls for claims calculations and payments. This follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
APRA and ASIC have asked the chief executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... and actually respond to complaints on time. Perversely, super funds lobbied for longer response times than banks and insurers and now we find they can't even keep to these generous timeframes." In selecting the trustees for the review, in Stage 1 (35 ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... is not just owed to whoever the insurer considers to be a perfect policyholder," ASIC deputy chair Sarah Court said. "Insurers deal with their consumers at their most vulnerable. This makes it crucially important that they ensure their customers understand ...