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Showing 181 - 190 of 379 results for "Comminsur"

Life insurers paid $6.9bn in claims in 2015

MARK SMITH  |  WEDNESDAY, 11 MAY 2016
Mainstream life insurance companies paid out a total of just over $6.9 billion in claims in 2015, according to figures from The Risk Store. The statistics show that a total of 89,291 claims were paid for an average $77,279 per claim. Put another way ...

Narev defends CommInsure record, wrote to five customers

ALEX BURKE  |  THURSDAY, 28 APR 2016
CBA chief executive Ian Narev has defended his company's life insurance arm in a letter to Senator Chris Ketter, noting he wrote to five affected customers recently. Referencing CBA's submission to the Senate Economics References Committee's Scrutiny ...

CommInsure appoints independent review panel

ALEX BURKE  |  MONDAY, 18 APR 2016
CommInsure has appointed its independent claims review panel to address "complex claim assessment." The goal of the panel will be to address issues where CommInsure's claims committee recommends a "complex life insurance claim" be denied; in these instances ...

Life Insurance Risk Market inflows up 6.6%

KERRIE SYDEE  |  FRIDAY, 8 APR 2016
Overall life insurance risk market inflows continued to climb but at a slower rate in 2015, up 6.6% from $14.4bn to $15.4bn according to research from Plan for Life. All leading companies experienced increases in their risk business led by TAL (19.3%) ...

CommInsure appoints life product and strategy head

KERRIE SYDEE  |  TUESDAY, 29 MAR 2016
CommInsure has appointed former senior executive, Frank Crapis, as head of life product and strategy. Crapis will replace Sally Phillips who was appointed to the role just four months earlier. CommInsure confirmed that the changes have been in motion ...

CFS upgrades FirstChoice and FirstWrap

MARK SMITH  |  THURSDAY, 17 MAR 2016
Colonial First State (CFS) has made more enhancements to its platforms to help advisers spend less time on back-office work and more time in front of their clients. CFS general manager product and investments, Peter Chun, said the improvements responded ...

CommInsure enhances claims process

ALEX BURKE  |  FRIDAY, 11 MAR 2016
In response to recent media coverage, CommInsure chair Geoff Austin has apologised to affected customers and said "the concerns raised in the recent cases reported are not a reflection of the values of our people or our business." Austin added, "We ...

CommInsure portfolio exec leaves for MetLife

ALEX BURKE  |  THURSDAY, 10 MAR 2016
MetLife has hired a new executive manager group insurance from CommInsure. Annette Torrington worked for CommInsure since 2007, joining as product manager, wholesale life insurance. After that she was a senior product manager, industry fund segment ...

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
Up to 2.4 million superannuation members could be impacted by the allegations which have rocked insurance company CommInsure, according to Rainmaker Information estimates. A joint investigation by Fairfax the ABC's 4 Corners alleged the company pressured ...

Senate to investigate life industry

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
A Senate inquiry originally set to scrutinise Australia's financial advice industry has again deepened its investigations by adopting calls to examine the country's life insurance sector. With support from all sides of politics, Senator John Williams ...