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Showing 101 - 110 of 1239 results for "Insurers"

APRA acknowledges need to reduce regulatory burden

JAMIE WILLIAMSON  |  THURSDAY, 26 JUN 2025
... there is too little benefit to the industry for the level of burden. Super trustees rated the balance at 71%, while life insurers put it at just 63%. More positively, 93% of respondents said APRA's supervision enhanced the financial and operational strength ...

Bentham adds to distribution team

ELIZABETH FRY  |  THURSDAY, 12 JUN 2025
... institutional asset management, including senior roles at Lazard Asset Management and Schroders working with pension funds, insurers and government clients. He previously held senior distribution and relationship management roles at Lazard Asset Management ...

APRA plans to remove 'unnecessary obstacles' for longevity products

ANDREW MCKEAN  |  THURSDAY, 12 JUN 2025
... otherwise be." Second, the framework is "insufficiently risk sensitive" and may "exacerbate procyclicality" by requiring life insurers to liquidate assets during a market downturn. APRA has subsequently proposed to redesign the illiquidity premium in ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
... stability." However, all life companies have now adopted the new premium labels developed by the Council of Australian Life Insurers - 'variable premium' replaces 'level premium' and 'variable age-stepped premium' replaces 'stepped premium'. "These new ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... best deals. "We allege Choosi misled thousands of consumers into thinking they were comparing options from a range of insurers. We will contend people were led to believe they were making a sensible decision by comparing policies; however, they were ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
... figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 quarter. Life insurers managed to turn the $15 million after-tax loss into $332 million in net profit, partly driven by positive insurance service ...

Responsible investing buoyed by instos: RIAA

KARREN VERGARA  |  WEDNESDAY, 28 MAY 2025
... bolstered by representatives from all aspects of the investment market. Asset managers, research and data providers, banks, insurers, and of course asset owners." In the ever-evolving landscape of regulation, geopolitical noise, tariffs and election ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... notices register. ASIC said insurance claims handling was a 2024 enforcement priority for the regulator, and failures by insurers to deal fairly and in good faith with customers is a 2025 enforcement priority. The priority also seeks to enhance public ...

PRI chief executive David Atkin to step down

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... the Climate Council, Frontier Advisors and chair of SuperFriend - a not for profit that that brings industry funds and insurers together to achieve mentally healthy workplaces for their staff and members. The search for a new chief executive will be ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... latest benchmarking data, a total of 43,000 claims were filed for death and TPD in the 12 months to June 2024 among group insurers. This was split across death claims (13,000) and TPD claims (30,000), with 69% of the total claims accepted by the insurers. ...