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Showing 121 - 130 of 1212 results for %22Life insurer%22

Claim support a key skill for advisers: Report

CASSANDRA BALDINI  |  THURSDAY, 21 JUL 2022
Financial advisers across Australia now play a greater role in supporting clients through life insurance claims, with almost 80% of advisers saying it's a key part of their offering. TAL commissioned The Value of Financial Advisers at Claim Time to ...

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... The body only received 100 complaints about the same issue in FY21. Interestingly, complaints about the same issue in the life insurance sector also increased significantly. Complaints about interpretation of product terms and conditions rose from 45 ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... was involved in some of the contraventions and breached his duty of care and diligence as a director. The firms, which sold life, funeral and accidental injury insurance issued by St Andrew's Life Insurance, were labelled one of the "most egregious" ...

MLC Life appoints chief risk officer

JAMIE WILLIAMSON  |  FRIDAY, 1 JUL 2022
The life insurer has hired a senior iCare NSW executive to the role. Jane McGovern will take over as MLC Life's chief risk officer on September 19. She replaces acting chief risk officer Edwina Star who had joined from PwC in March following the ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
AMP has completed the divestment of its remaining equity interest (19.3%) in Resolution Life Australasia to Resolution Life Group. The initial sale agreement, announced on 3 November 2021, was subject to regulatory approvals and other conditions precedent ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... received 130 submissions from industry stakeholders including associations, super funds, licensees, technology providers, life insurers and consumer groups. Of the submissions, 18 are confidential. The final report from the review is expected to be handed ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...

Insurers to get new advocacy body

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
Australia's life insurance industry will soon have a new peak body, the Council of Australian Life Insurers (CALI). Expected to launch later this year, CALI is the brainchild of a collective of life insurers who believe it is now time for the sector ...

Resolution Life builds out Australasian leadership

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... of our customer offering and will set us up well as we pursue our ambition to be the leading in-force specialist life insurer in Australasia by being a data driven, digital and customer focused business."

MLC Life chief executive to depart

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... opportunity to lead MLC Life Insurance as we seek to achieve our ambition of becoming Australia's leading and most trusted life insurer." "With the continued backing of our shareholders Nippon Life and NAB, I am confident in the bright future for our ...