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Showing 161 - 170 of 2189 results for "Insurer"

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
After years of decline, the number of superannuation fund members with insurance is on the rise. Legislative changes in 2019 made insurance opt-in for those with low balances, inactive accounts, or those aged under 25 - taking a sledgehammer to the ...

BNP Paribas wins new custody mandate

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
BNP Paribas' Securities Services business has been chosen by Medibank Private to provide custody and fund administration services. As part of the mandate, BNP Paribas will handle Medibank's custody, fund administration, performance reporting, cash management ...

Financial services chips away at gender pay gap: WGEA

KARREN VERGARA  |  TUESDAY, 4 MAR 2025
The financial services sector made a fractional improvement on its gender pay disparity, reporting a 22.2% gap on a median and average basis, the latest Workplace Gender Equality Agency's (WGEA) report shows. The 2024 financial year shows that financial ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... 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 ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... 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 ...

TAL taps ex-CBA deputy as chair

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... 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 ...

Acenda names inaugural chair

MATTHEW WAI  |  WEDNESDAY, 26 FEB 2025
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 ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... 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 ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... 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 ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
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 ...