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Showing 101 - 110 of 219 results for "Life Insurance Industry"

Survey says no to subsidising life insurance for genetically at-risk Aussies

HARRISON WORLEY  |  MONDAY, 10 DEC 2018
... Australian consumers with the interests of the genetics research community and the sustainability of the life insurance industry." The survey found only a small minority of people were prepared to pay a little extra to subsidise others, with $5 the amount ...

FSC revamps life insurer code

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... by the AFCA-administered independent body called Life Code Compliance Committee. "Every aspect of the life insurance industry is under the microscope following the poor behaviour brought to light during the Royal Commission," she said. "We owe it to ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... sooner," FSC chief executive Sally Loane said. The PJC has instead focused on "cultural issues within the life insurance industry" rather than considering consumers who need help, Loane added. As a solution, the committee recommended that ASIC undertake ...

Integrity Life names head of retail product

KARREN VERGARA  |  FRIDAY, 19 OCT 2018
... I'm tremendously excited to be part of the team on this journey which aligns with my own ideals for the life insurance industry." What attracted him to Integrity was the challenge to build a product that approaches insurance differently. "Most products ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
This morning the Royal Commission heard about instances of misconduct in the life insurance industry and where conduct fell below community standards and expectations. Opening the sixth round of Royal Commission hearings, counsel assisting Rowena Orr ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
The life insurance industry turned in a solid FY18, latest APRA statistics show. In the year to 30 June 2018, life insurers' total revenue stood at $37.6 billion, up 11.5% higher than the previous corresponding period. This was driven by net policy ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
Foreign companies continue to gain the lion's share of Australia's life insurance industry, with the recent sale of CommInsure and OnePath set to boost foreign ownership from less than half to 66%, KPMG research shows. According to the Life ...

FSC aggregates insurance industry data

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... Financial Services Council is launching a multi-million-dollar data project that will aggregate and distribute life insurance industry data. FSC chief executive Sally Loane announced the project's delivery in Melbourne today, the culmination of two ...

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
... regime was required improve the data. "ASIC found that the comparability and reliability of data in the life insurance industry was poor. Working together, ASIC and APRA have made significant progress with industry to improve the data," he said. "Our ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... rise. The chair also reiterated ASIC is working towards delivering an accountability benchmark for the life insurance industry as well as new supervisory frameworks for the entire financial services sector. So far he has found it disheartening and "jarring" ...