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Showing 191 - 200 of 1213 results for "Insurers"

Brighter Super forges ahead with SFT

KARREN VERGARA  |  MONDAY, 17 APR 2023
... 100 SPSL staff will move to Brighter Super, joining the current 200 workforce. It also announced it will change group insurers effective July 1, replacing TAL with Zurich Financial Services.

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... Outsourcing (CPS 231) and Prudential Standard CPS 232 Business Continuity Management (CPS 232) that apply to ADIs, life insurers and general insurers, the equivalent superannuation standards Prudential Standard SPS 231 Outsourcing (SPS 231) and Prudential ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... policyholders. It is not connected to any recent financial market movements or developments," APRA said. LPS 117 forces life insurers to maintain adequate capital against the asset concentration risks associated with their activities. The Asset Concentration ...

Australian investors pivot portfolios

CASSANDRA BALDINI  |  THURSDAY, 23 MAR 2023
... 79% planning to increase allocations to private markets over the next five years. This number is even higher for APAC insurers, 90% of whom have indicated plans to increase allocations to the private markets. Compared with recent years, the report explained ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... complaints to learn where friction remains. "All 15 trustees are reviewing all declined claims decisions to test whether their insurers have correctly applied the terms of the insurance policy. Most trustees are regularly monitoring their insurers' compliance ...

Link Group appoints general manager

CHLOE WALKER  |  MONDAY, 20 MAR 2023
... advance how we help out clients and continue to strengthen our relationships with superannuation funds, partners and insurers in this market." Link Group chief executive of retirement and superannuation solutions Dee McGrath said that the group is excited ...

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
ASIC is providing life insurers a conditional relief that will last five years in circumstances where a policy needs to be reissued. The conditional relief pertains to Design and Distribution Obligations for financial products issued before 5 October ...

NEOS named Life Company of the Year

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
... insurance companies gain substantial traction in the marketplace recently, and it is clear why, when all the top performing insurers in the key touchpoints of underwriting and business support were smaller companies." AFA president Sam Perera said despite ...

Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... to $7.7 billion, while individual risk income increased 5% year on year to $3.2 billion. Any additional revenue life insurers earn from investing premiums in fixed interest have been wiped out as a result of rising interest rates. According to ARPA ...

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
The Council of Australian Life Insurers has welcomed the former policy head of the Financial Planning Association of Australia to its leadership ranks. Ben Marshan will join CALI on March 27 as director of policy and industry affairs, following an announcement ...