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Showing 121 - 130 of 455 results for "group insurance"

Former CBA, MLC executive joins reinsurer

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
... president of business development, based in Toronto, Canada. Before relocating Gilling served as acting head of group insurance at MLC, and is a former CommInsure chief pricing officer, life. He has also previously held roles with Swiss Reinsurance and ...

AustralianSuper ups admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... were 10 years ago." The last time AustralianSuper increased costs was in April 2019 when the premiums for its group insurance went up, also on account of the PYS reforms.

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... 2019. "The impact of these changes will involve a reduction in premium income to life insurers who operate in the group insurance in superannuation market," APRA acknowledged. The regulator made it very clear that individual disability income insurance ...

Industry fund ups fees ahead of merger

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... Interests First and Protecting Your Super reforms meant a significant decrease in the number of members covered by its group insurance policy. "Considering the reforms, changes to membership demographics and past claims paid, we have had to increase ...

FSC, super sector steps up for bushfire affected

HARRISON WORLEY  |  WEDNESDAY, 8 JAN 2020
... the support available should call their fund directly. The FSC's Kirwan said those wishing to inquire about group insurance held through their superannuation should contact their fund, as life insurers don't hold the details of individuals covered ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
After 13 years, a $22 billion corporate superannuation fund is set to cut ties with TAL. From 1 July 2020, MLC Life will take over as group insurer for TelstraSuper. The fund said the decision to change insurers follows a comprehensive review of its ...

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
... an open letter to the board; criticising the wealth giant for significant delays in its "abhorrent" handling of group insurance claims. Citing APRA's Life Insurance Claims and Disputes data released in June this year, the people's advocate in the superannuation ...

Industry fund previews new insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
A $57 billion industry superannuation fund has revealed details of its new group insurance offering, having transitioned to a new provider as of this month. As of December 1, the group insurance available to Rest members is provided by TAL after the ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... percentage of premiums, with 62.9% of premiums paid as benefits in the first half of the year. The analysis also noted group insurance reported a small loss of $50 million in the first six months of the year. KPMG's analysis does not yet take into ...

Industry fund appoints new group insurer, ups indirect fee

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2019
... insurer. At the same time, the fund has increased its indirect administration fee. Intrust Super recently awarded its group insurance mandate to AIA Australia, ending its 15-year relationship with Hannover Life Re. The mandate change was effective September ...