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Showing 111 - 120 of 4155 results for %22Insurance Australia%22

CALI launches scholarship to boost female risk advisers

CASSANDRA BALDINI  |  THURSDAY, 7 SEP 2023
The Council of Australian Life Insurers (CALI) has launched a program that aims to entice more women into the life insurance industry. The industry body said its inaugural ReCALIbrate program will provide $2000 in grants to support the attendance of ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... Financial Accountability Regime Bill 2023 will apply to the banking industry six months after Royal Assent. For the insurance and superannuation industries, it will apply 18 months after Royal Assent. A key objective of the law "is to improve the operating ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... undertook a review of the business' strategy, considering several options, and found no longer writing any new life insurance policies is the option that provides the most stability to existing policyholders. According to Rainmaker analysis, at June ...

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... complaints for which there is less than a probable likelihood of restitution (including the impact of legal costs and insurance), and have chosen not to disclose the likely amount as they are still subject to proceedings with AFCA and potential recourse ...

Longevity risk is big super's biggest failure: Podcast

CASSANDRA BALDINI  |  MONDAY, 28 AUG 2023
... trustee to work out how much to have in the account-based pension, and how much to have in new offerings and longevity insurance style of products." After reviewing 15 super fund trustees, collectively representing the superannuation of over five million ...

Former AFA president Dugald Mitchell remembered

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... tertiary level education." Mitchell was awarded the Medal of the Order of Australia in 1994 for services to the life insurance industry and the community. In 2018, he received the Michael Murphy Award for his dedication to improving the financial advice ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... Court, both AMP and Munich Re declined to comment. In 2016, as part of its strategy to bolster its underperforming life insurance business, AMP Life executed a binding quote share agreement with Munich Re. The deal saw Munich Re reinsure half of AMP ...

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The tech company has developed the first cloud-native, low-code policy administration system (PAS) for the life insurance sector. The regulator-approved solution aims to meet the exacting needs of the insurance sector and can be custom-designed for ...

MLC Life backs adviser platform

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
MLC Life Insurance has assisted the launch of Risk Hub, a new support platform designed to help advisers excel in risk advice. Risk Hub was officially launched this month by founder and former Zurich Financial Services head of digital Marc Fabris. It ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... 0.5% per annum over the past five years. "In 2020, total premiums fell 8% due to reforms to compulsory super fund group insurance no longer being charged to inactive fund members and the impact of the pandemic," Rainmaker said. "But since then, it has ...