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Showing 131 - 140 of 3097 results for %22Life insurance%22

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
According to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives ...

AIA launches retail rewards program

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... launched an incentive program for new retail clients in a bid to encourage healthy behaviours. The insurer offers Healthier Life Reward to new customers who are non-smokers with a body mass index between 18-26 and have no medical loading. Customers must ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... CPS 231 Outsourcing (CPS 231) and Prudential Standard CPS 232 Business Continuity Management (CPS 232) that apply to ADIs, life insurers and general insurers, the equivalent superannuation standards Prudential Standard SPS 231 Outsourcing (SPS 231) and ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... related exposures exceed certain limits. APRA has noticed the increased use of offshore reinsurance by Australian life insurance companies and moved to tighten LPS 117 to ensure that risks associated are appropriately managed. "The updated LPS 117 addresses ...

ANZIIF chief steps down

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
... Reynolds, Megan Beer, and current board president Tim Plant. Reflecting on her tenure, Willsford said it's been an amazing life experience. "I've been given extraordinary opportunities to learn and grow and to make an impact. I feel strongly that ...

ClearView enhances ClearChoice products

CASSANDRA BALDINI  |  MONDAY, 27 MAR 2023
The wealth manager has unveiled a variety of enhancements to its flagship life insurance product range, ClearView ClearChoice. Among the changes, ClearView is simplifying product names across the income protection (IP) range to increase clarity for ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... that is supporting what super funds are already doing. "It's been a very open conversation, sharing case studies of real-life examples. The focus so far has been on really mapping out the key sorts of milestones in the lifecycle of a member and what ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Superannuation funds need to improve the life insurance they provide members, with ASIC finding trustees have not made sufficient effort to do so since it began targeted work in the area in 2019. Last year, ASIC reviewed the actions of 15 trustees in ...

Future-proofing the super system: Rees

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... sure that the members of super funds have access to default insurance schemes in the event that they strike misfortune in life," he said. "It is worthwhile to go back in history to understand the history of why default insurance exists in superannuation ...

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
ASIC is providing life insurers a conditional relief that will last five years in circumstances where a policy needs to be reissued. The conditional relief pertains to Design and Distribution Obligations for financial products issued before 5 October ...