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Showing 141 - 150 of 705 results for "Life insurer"

MLC Life Insurance welcomes new non-executive director

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... Insurance by Nippon Life. He has played a critical role in the transformation of MLC Life Insurance to a standalone life insurer and leaves us well placed for future success." Commenting on his appointment Stephen added, MLC Life Insurance is one of ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
There may well be a light at the end of the individual disability income insurance (IDII) tunnel, but there's still a way to travel before the end is reached, according to APRA. Analysis of data to September 2022 shows IDII enjoyed a run of favourable ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
ASIC has called life insurers to review the accuracy of their systems and controls for claims calculations and payments. This follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
APRA and ASIC have asked the chief executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... informed the customer she did not need to disclose any information older than five years. The decision followed the life insurer investigating the customer's medical history, revealing more specific information about hospitalisation for mental health ...

MLC Life adds to board

CHLOE WALKER  |  FRIDAY, 2 DEC 2022
... significant change, including the acquisition of MLCL by Nippon Life and the transformation required to become a standalone life insurer," he said. "Sandra leaves MLCL well placed for future success." Meanwhile, Dubé said: "I'm very much looking forward ...

TAL launches Professional Year platform

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
The insurer has unveiled a new digital platform that promises to keep track of all Professional Year requirements and achievements. Developed by TAL's Risk Academy team, in collaboration with several licensees, PY Manager allows licensees, financial ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
The Council of Australian Life Insurers (CALI) has been backed by the industry with 19 life insurers and reinsurers joining its membership. CALI's membership now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia. ...