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Showing 171 - 180 of 1083 results for "Insurers"

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
... draft guide for Prudential Practice Guide CPG 229 Climate Change Financial Risks (CPG 229), designed to assist banks, insurers and superannuation funds in managing climate-related risks and opportunities as part of their existing risk management and ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... that more advisers will leave the industry - including risk advisers - who essentially are distribution arms for life insurers. According to Rainmaker analysis of the ASIC Financial Adviser Register, 5142 advisers ceased in the 12 months to April 14. ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
... following APRA's announcement that it has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers.

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... increase. Death and TPD rose from 78% and 71% respectively two years ago to 82% and 97% respectively in 2020. This means insurers selling TPD via group policies in superannuation funds paid out nearly as much in TPD claims in 2020 as the premiums they ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... penalties and sanctions for those who have breached their obligations. It will also apply for actuaries, stockbrokers and insurers where they are providing personal financial advice. The draft legislation also introduces the highly anticipated annual ...

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures ...

ClearView bolsters team

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... insurance industry's deteriorating performance over the past few years, due mainly to IDII but not exclusively, has forced insurers to review their products and pricing with a greater focus on sustainability. This renewed focus is good for long-term ...

MetLife announces suite of product changes

ELIZABETH MCARTHUR  |  MONDAY, 29 MAR 2021
... business clients that will allow sum insured increases of up to $4 million, compared to $2 million offered by most other insurers. MetLife chief retail insurance officer Meray El-Khoury said the product changes would help enhance the value of life insurance ...

Synchron demands clarity from insurers

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
Financial advice dealer group Synchron is urging life insurers to clarify their responses to the new unfair contract terms regime. The new regime will come into effect from 5 April 2021, requiring many policies to be corrected. "Our understanding is ...

Life Company of the Year named

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... insurance companies proved their worth throughout 2020. "Whilst 2020 was a difficult year for the life insurance market, life insurers have continued doing their best to support advisers through increased training efforts, maintained high levels of service ...