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| | | ... their retirement savings elsewhere. As part of the merger, CBA Group Super said most members will see a decrease in insurance premiums across death, TPD, and salary continuance cover. Death and TPD premiums are expected to drop by an average of 26% ... |
| | | | The life insurance industry climbed 4% to $18.4 billion in the year to June 2023 despite the number of risk advisers fleeing the industry. The latest data from Plan For Life shows that TAL continues to hold the lion's share of the group insurance and ... |
| | | | From tomorrow, the responsibility for the Life Insurance Code of Practice (Life Code) will transition from the Financial Services Council (FSC) to the Council of Australian Life Insurers (CALI). Launched last year, CALI is the brainchild of a collective ... |
| | | | ... also previously worked with Roy Morgan, OnePath and Allianz. In the new role, Stavliotis will report to AIA chief group insurance officer Anthony Clough, who said: "George Stavliotis has extensive background in client management, both at reinsurers and ... |
| | | | ... The Council of Australian Life Insurers (CALI) also launched a program which aims to entice more women into the life insurance industry. The industry body said its inaugural ReCALIbrate program will provide $2000 in grants to support the attendance of ... |
| | | | ... team." Last month, ClearView unveiled its FY23 results, and said its strategic decision to exclusively focus on the life insurance market had paid off, resulting in growth in both its in-force premiums and new business. As of 30 June 2023, the group ... |
| | | | ... undertook a review of the business' strategy, considering several options, and found no longer writing any new life insurance policies is the option that provides the most stability to existing policyholders. According to Rainmaker analysis, at June ... |
| | | | ... complaints for which there is less than a probable likelihood of restitution (including the impact of legal costs and insurance), and have chosen not to disclose the likely amount as they are still subject to proceedings with AFCA and potential recourse ... |
| | | | ... 0.5% per annum over the past five years. "In 2020, total premiums fell 8% due to reforms to compulsory super fund group insurance no longer being charged to inactive fund members and the impact of the pandemic," Rainmaker said. "But since then, it has ... |
| | | | ... total customer remediation bill was attributed to other wealth services relating to advice quality, consumer credit insurance products, certain superannuation, and other products. About $673 million was remediated to customers suffering from poor retail ... |
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