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Showing 91 - 100 of 1075 results for "Insurers"

APRA to modernise regulatory frameworks

ANDREW MCKEAN  |  TUESDAY, 13 SEP 2022
APRA has outlined plans for its multi-year program to modernise the architecture of prudential standards for banks, insurers, and super funds. The program, which commenced last year, is intended to ensure the framework continues to underpin financial ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
APRA has begun consulting on new prudential standards to strengthen the financial crisis response of banks, insurers and superannuation trustees. The regulator said the two proposed standards are aimed at ensuring entities are prepared to deal with ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ...

Moody's RMS appoints regional managing director

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... Pacific, where he has built industry-leading teams and capabilities that have delivered deep insights and added value to insurers and reinsurers," Steel said. "We are delighted to welcome Andrew and look forward to the positive impact he will have on ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... to 2018 who believe they were mis-sold a policy, or who tried to cancel their policy without success, to contact their insurers and be assessed for remediation. We have published information on ASIC's website about the steps customers can take to seek ...

Integrity Life picks AGI as group life administrator

CASSANDRA BALDINI  |  MONDAY, 15 AUG 2022
... holistic service solution, efficient and tailored operational and administrations systems and processes for the benefit of insurers, advisers/brokers, employers, employees, and superannuation fund trustees," it said. The enterpirse looks to improve partner ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... business strategy practices. This includes addressing deficiencies identified in self-assessments undertaken by general insurers and embedding new capital requirements for private health insurers. It will maintain focus on promoting the sustainability ...

Super fund climate risk assessment results released

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2022
... Financial Disclosures (TCFD) framework. "Climate change and the global response to it are creating financial risks for banks, insurers and superannuation trustees, whether it be the physical damage from floods or bushfires, or asset price volatility ...

Claim support a key skill for advisers: Report

CASSANDRA BALDINI  |  THURSDAY, 21 JUL 2022
... advisers are balancing the presence of strong emotions from clients, alongside the processes and requirements of life insurers. TAL general manager of retail distribution Niall McConville said the claims experience is most effective when insurers, advisers ...

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... 66 complaints in FY21 but 229 in FY22. Overall, superannuation funds received 3765 complaints for the year while life insurers copped 1962. In total, AFCA received 72,358 complaints and just over 71,000 of them were closed. The body's dispute resolution ...