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Showing 81 - 90 of 369 results for "Comminsur"

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 ...

TAL waives life premiums for drought-stricken farmers

KANIKA SOOD  |  TUESDAY, 28 AUG 2018
Life insurer TAL will waive insurance premiums for drought-affected farmers in New South Wales and Queensland for a period of six months, it announced today. TAL retail customers who are eligible for the Federal government's farm household allowance ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
Some of Australia's prominent life insurers are preparing for time in the Royal Commission witness box, after case studies were announced for the sixth round of public hearings. TAL, CommInsure, ClearView and Freedom Insurance have been named to ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
The life insurance industry turned in a solid FY18, latest APRA statistics show. In the year to 30 June 2018, life insurers' total revenue stood at $37.6 billion, up 11.5% higher than the previous corresponding period. This was driven by net policy ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
Foreign companies continue to gain the lion's share of Australia's life insurance industry, with the recent sale of CommInsure and OnePath set to boost foreign ownership from less than half to 66%, KPMG research shows. According to the Life ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Investors looking to buy Commonwealth Bank's demerged wealth management arm now have a clearer picture about what it looks like - a business which has generated after-tax profit of more than $500 million for the past two years. NewCo, or Commonwealth ...

Life insurers cautious about My Health Record

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
As My Health Record draws criticism and scrutiny, life insurers are cautious as to the merits of the initiative and its potential implications for the industry. The e-health policy has hogged much media attention in the last fortnight as Federal members ...

MetLife names chief operating officer

KARREN VERGARA  |  WEDNESDAY, 18 JUL 2018
MetLife Australia appointed a former TAL and CommInsure executive as its new chief operating officer. David Campbell officially takes the post on September 17, leaving behind the positon of general manager of operations and underwriting at TAL. Luke ...

Queensland industry funds merge

HARRISON WORLEY AND JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
Sunsuper is set to merge with a $2.5 billion industry fund in early 2019. In a joint statement, Sunsuper and AustSafe Super have signed a Successor Fund Transfer Deed. Both established 30 years ago, AustSafe is the super fund for rural and regional ...