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Showing 1081 - 1090 of 2425 results for "Claims"

Reporting overhaul to hit insurer profits

KARREN VERGARA  |  MONDAY, 22 MAY 2017
... insurers' bottom lines will be significantly affected by a new global accounting standard overhauling how premiums and claims are reported. Under new international accounting standard IFRS 17 Insurance Contracts, a life insurance and reinsurance company ...

Insurtech here to stay: Research

KARREN VERGARA  |  THURSDAY, 18 MAY 2017
... insurtechs are most likely to dominate, the report said, particularly in the Americas, Europe, Middle East and Africa. Claims and underwriting continue to be an attractive area for insurtech companies - which have the highest market potential and chances ...

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
Secretary to the Treasury has shot down claims from the Australian Bankers' Association that the proposed bank levy disregards Government best practice guidelines. In a submission to Treasury lodged on Monday, ABA chief executive Anna Bligh claimed ...

Budget for the wealthy: Labor

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
Opposition leader Bill Shorten is rejecting claims Treasurer Scott Morrison's 2017-18 Budget is anything like a 'Labor Budget.' Shorten went on Twitter to say the Coalition's budget is "out of touch", as a Labor Budget wouldn't slash school funding ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... apply to additional Tier 1 capital and deposits of individuals, businesses and other entities protected by the Financial Claims Scheme. In its Federal Budget, the Government has also allocated $1.1 million to Treasury to oversee the timely implementation ...

APRA and ASIC launch insurance claims pilot

ALEX BURKE  |  TUESDAY, 9 MAY 2017
APRA and ASIC jointly launched the pilot phase of an initiative to raise standards of public claims reporting in the life insurance industry. The goal of the initiative, initially mooted in ASIC's REP 498 report in October 2016, is for the two regulators ...

BTFG drags Westpac performance

KARREN VERGARA  |  MONDAY, 8 MAY 2017
... legacy products to lower-fee MySuper products, higher regulatory compliance costs, as well as a spike in general insurance claims from Cyclone Debbie. The life insurance business however, was a standout performer. Cooper attributed this to the quality ...

Super insurance must be standardised: ISWG

KARREN VERGARA  |  FRIDAY, 5 MAY 2017
... The first paper released covered the erosion of premiums and multiple life insurance policies, while the second detailed claims handling.

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
The Australia Taxation Office has hit back at claims by the Senate economics committee that its "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance. In a press release issued yesterday ...

FSC launches draft APL standard for risk advice

ALEX BURKE  |  THURSDAY, 13 APR 2017
... researching the corporate strength, credit rating and ownership structure of a given insurer; investigating the insurer's claims process; and conducting a thorough product benefit and feature comparison. On that last point, the statement reads further ...