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Showing 101 - 110 of 2143 results for "Life Insurance"

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
APRA will maintain four life insurance prudential standards following a brief consultation period. The prudential regulator flagged it was relatively satisfied with four prudential standards - Prudential Standard LPS 100 Solvency Standard; Prudential ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... additional accountability measures for senior executives in prudentially regulated sectors, including superannuation, life insurance and banking and provides for penalties on those institutions." CHOICE also welcomed the introduction of the CSLR and ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
New life insurance research shows that women who make cancer-related claims tend to be younger than men. A MetLife study found that females making cancer-related claims in the areas of death, income protection, terminal illness, TPD and trauma are younger ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... looked at the impact of financial literacy on Australians' financial health and wellbeing in its annual Value of life insurance report. It found that young women have lower financial literacy compared to men, putting them at risk of financial instability. ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
ClearView will solely focus its efforts on life insurance after flagging that it found a buyer for its managed investments business as it also continues to review the future of its superannuation fund. Human Financial, an investment management and technology ...

Allianz Retire+ launches new retirement income solution

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
... consistently been deprioritised and surpassed by more urgent issues concerning the industry," Allianz Australia Life Insurance chief executive Adrian Stewart said. "That all changed in July last year, following the implementation of the Retirement Income ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... recommends. The final report also includes a recommendation to maintain the current commission and clawback rates on life insurance advice. Those providing this advice should obtain the client's informed consent before accepting a commission prior ...

NEOS Life expands in South Australia

JAMIE WILLIAMSON  |  THURSDAY, 2 FEB 2023
... committed to building strong adviser relationships in South Australia and providing valuable insights into the life insurance industry," NEOS Life said. WA/SA state manager Reon Botha will continue to manage both states.

MLC Life Insurance welcomes new non-executive director

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
MLC Life Insurance has appointed David Stephen as an independent non-executive director on its MLC Limited board. Stephen will also serve as chair of the board risk committee, replacing Andy Cornish who after seven years is retiring. With over 35 years ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...