Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 161 - 170 of 1083 results for "Insurers"

AFCA names two lead ombudsmen

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... Suanne Russell joined as lead ombudsman, small business. Curtis joins from ASIC where she was senior executive leader, insurers. She was previously acting executive director, financial services group and group senior manager - insurance. She started ...

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
... final recommendations follow a 12 month-review, led by an appointed Actuaries Institute taskforce, which found that life insurers lost more than $2 billion over the last three years as a result of problematic IDII products. One recommendation is the ...

Draft advice reforms not enough: FPA

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAY 2021
... Financial Services and Credit Panel serve as the single disciplinary body, which would also actuaries, stockbrokers and insurers where they are providing personal financial advice. Consultation on the matter concluded on May 14.

Life insurers getting into rehab concerning: SCA

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
Life insurers offering rehabilitation services of policyholders has its demerits, says Super Consumers Australia director Xavier O'Halloran. Speaking at a panel on the future of life insurance in Australia, O' Halloran said while insurers getting ...

QSuper makes changes ahead of merger

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... of this bonus will not affect the payment a member is entitled to receive whilst on income protection. Like many other insurers, QSuper's total and permanent disability cover through its in-house insurer QInsure has moved to remove 'activities ...

APRA extends IDII overhaul deadline

KARREN VERGARA  |  THURSDAY, 13 MAY 2021
APRA has given life insurers another year to have the policy contract term measure for individual disability income insurance (IDII) in full force by 1 October 2022. The prudential regulator has acknowledged the challenges life insurers are facing ...

ClearView appoints head of life strategy

KANIKA SOOD  |  MONDAY, 3 MAY 2021
... life insurance industry is undergoing enormous structural and regulatory change making it critically important for life insurers to have experienced people with fresh ideas in key roles," Kerr said. "Maria is a respected professional who has successfully ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... these policies are still in force charging large premiums. The current chair of Swiss Re Life & Health Australia told insurers to get their act together and provide a solution by the end of the year - or else face another scenario similar to the Life ...

BNY Mellon partners with FRT

JAMIE WILLIAMSON  |  FRIDAY, 30 APR 2021
... clients, representing over $30 trillion in total assets under management. Clients include hedge funds, investment managers, insurers, sovereign wealth funds, endowments, superannuation funds and custodians.

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... not informed by Westpac that they could obtain substantially similar or better policies of insurance from alternative insurers for lower premiums. Shine estimated that 80,000 Australians had purchased the overpriced Westpac Life policies. The class action ...