Group insurance faces 'perfect storm'BY JAMES FERNYHOUGH | THURSDAY, 21 NOV 2013 12:10PMThe current travails of the group insurance market may be just the beginning, with a "major blow-up" potentially around the corner, according to WA Super's general manager, client services, Paul Owen. Related News |
Editor's Choice
Janus Henderson acquires NBK Wealth, Tabula Investment Management
Janus Henderson has acquired the wealth management arm of the National Bank of Kuwait, NBK Wealth, as well as European ETF provider, Tabula Investment Management.
ART names advice and education leads
Australian Retirement Trust (ART) has revamped its advice, guidance and education team and created two new leadership roles.
Men, women in same occupation drive pay gap
A whopping 80% of the gender pay gap can be attributed to women being paid less than men within the same occupation, a new economic analysis shows.
Macquarie Group profits falls 32% to $3.52bn
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Its really difficult to understand the industry bemoaning what has been on the horizen for 10 years....insurers have artifically driven down premium rates in order to achieve "market share"' and the super funds have, in the main, made price king. Lets face it, lawyers were always going to get involved in this industry, it was just a matter of time before Australia followed the USA in becoming a litigious society; and the Group Life industry has been pretty stagnant for any number of years in its product development; playing with the edges of the product, with little innovation to meet the needs of modern society; especially around this major issue of mental health.