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| | | ... price tumble in November last year, which saw it tank by more than 30% overnight. Despite the unusual quarter, the life insurer noted the front end of the business continues to "drive strong momentum". "The FY26 gross premium target has been updated ... |
| | | | ... changes is calculating the illiquidity premium in LPS 112 Capital Adequacy: Measurement of Capital. "This would lower life insurer capital requirements for annuity products, provided certain risk controls are in place," APRA said. At its July 2024 life ... |
| | | | ... future, for the benefit of all stakeholders," Cohen said. Annette King, meanwhile, was announced to have joined the life insurer's board last year, as an independent non-executive director. She also serves as a non-executive director at HCF Australia ... |
| | | | MLC Life Insurance has announced who will chair the insurer when it becomes Acenda. MLC Life Insurance, soon becoming Acenda through the merger with Resolution Life Australia, has appointed Craig Dunn to the position and will take effect upon the completion ... |
| | | | ... to the policy or to transact on the policy sits solely with the legal policy owner, there is often more that the life insurer would like to do, but cannot," Griffin explained. "This is why it is so important for life insurers to be able to detect situations ... |
| | | | ... they're ultimately responsible for providing insurance benefits to members - even if they outsource that service to an insurer - they often act "at best" as administrators, "shuffling paperwork between the claimant and the insurer." "Despite their statutory ... |
| | | | The industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September ... |
| | | | ... integration specialist to execute its merger with Resolution Life Australasia to create the country's third-largest life insurer. As the general manager of integration, Peter Moutsatsos will lead a dedicated team focused on bringing these two organisations ... |
| | | | Resolution Life's trans-Tasman life insurer, Resolution Life Australasia, has completed the acquisition of Asteron Life New Zealand. The takeover, reported last year by Financial Standard, further cements Resolution Life as the second largest life insurer ... |
| | | | Superannuation funds' promotional expenses continue to balloon as new APRA data shows that AustralianSuper has the biggest marketing budget while Hostplus continues to splurge on sponsorship deals. Hostplus splashed a staggering $13.7 million on ... |
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