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Showing 1061 - 1070 of 2425 results for "Claims"

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... also highlighted for a potential sale. Although CommInsure was cleared of allegations of medical misconduct and systemic claims handling issues by ASIC and Deloitte in March, CBA's announcement nonetheless follows a troubled year for the insurer. In ...

Direct life insurance review underway: ASIC

KARREN VERGARA  |  FRIDAY, 28 JUL 2017
... the regulator to take a close look at the direct life insurance space, Saadat said, pointing to higher rates of denied claims at an average of 12%, compared to group insurance at 8% and 7% for retail. Lapse rates in some cases can be as high as 50% ...

Labor unyielding on banking Royal Commission

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... paid to customers by the banks for a range of bad behaviours such as bad credit practices or wrongly denying insurance claims. Last month, Australian banks narrowly avoided a Royal Commission into practices and executive compensation after a Labor and ...

The challenges of modern estate planning

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... aren't aware of just how many ways a claim could be made against their assets once they pass," Tsovolos said. He noted that claims can now be made by a spouse or person in a domestic relationship; a child; a whole or partial dependent who is a household ...

MLC Life launches group insurance platform

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2017
... the new LifeView platform allows members to apply for and increase the level of their cover online and lodge and track claims, while trustees and administrators can view real time data and analysis of their funds' claims experience. The platform marks ...

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
... is difficult to quantify the prevalence of this practice, analysis provided by Industry Super Australia in December 2016 claims that 360,000 Australian are affected by the practice, costing them $1 billion in lost payments. The Working Group itself does ...

TAL intensifies mental health strategy

KARREN VERGARA  |  MONDAY, 3 JUL 2017
... focus for TAL and a driving force behind Baird's appointment. "Mental health represents the second largest category of claims after cancer and it is a growing theme in society and in our customers' lives. It's important that we have the right expertise ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... similar word and phrases," Kell said. The regulator said it is aware that there is confusion in the industry as to where claims of independence or non-institutional alignment are acceptable or restricted. To combat this, a compliance period of six months ...

Executive hires at SCOR Global Life

KARREN VERGARA  |  THURSDAY, 22 JUN 2017
... senior underwriting positions at AXA Australia and New Zealand, Swiss Re and National Mutual. Head of underwriting and claims Paula Bourke said Pitcher will bring invaluable experience that will help continue to grow SCOR's presence locally. Dr John ...

MLC Life adapts to meet shifting expectations

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2017
... with the Financial Services Council (FSC) and research firm EY Sweeney, demonstrating that big data will enable quicker claims processing and the creation of more tailored and affordable products. Roso said that the website redesign offers an easy-to-use ...