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Showing 241 - 250 of 1241 results for "Insurers"

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... and actually respond to complaints on time. Perversely, super funds lobbied for longer response times than banks and insurers and now we find they can't even keep to these generous timeframes." In selecting the trustees for the review, in Stage 1 (35 ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... is not just owed to whoever the insurer considers to be a perfect policyholder," ASIC deputy chair Sarah Court said. "Insurers deal with their consumers at their most vulnerable. This makes it crucially important that they ensure their customers understand ...

Still potential for dividends growth: Ausbil

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... on average, but there will be big variances across sectors. We expect double-digit growth for financials and general insurers, but we think resource dividends have peaked and we expect them to be 10% lower on average, though select resource names will ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... highlighted that now is a good opportunity for ADIs to evolve their accountability framework. "And it is never too early for insurers and superannuation trustees to start reviewing and reflecting on their governance and accountability arrangements in ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... than 300,000 disputes, an average of 200 complaints per day, over the past four years. AFCA explained banks, general insurers, credit providers, super fund trustees and or advisers as well as underwriting agencies generate the most complaints. The one-stop-shop ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... OnePath Life, OnePath General Insurance, and QBE Insurance in 2020. A spokesperson from the law firm confirmed ANZ and its insurers will pay $42 million while QBE Insurance will pay $5 million. The bank's contribution is covered by a provision held ...

TAL launches Professional Year platform

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... and also helping more advisers join the industry." The news comes after TAL's backing of The Council of Australian Life Insurers (CALI), which now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia.

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
The Council of Australian Life Insurers (CALI) has been backed by the industry with 19 life insurers and reinsurers joining its membership. CALI's membership now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia. ...

Aviva Investors appoints head of APAC

CHLOE WALKER  |  WEDNESDAY, 2 NOV 2022
... exceptional leadership skills and strong relationships with major Asian institutions, including SWFs, pension funds, insurers and GFIs." "His wealth of experience and expertise will be invaluable in this critical role given the significance, scale and ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
New APRA chair John Lonsdale wrote to banks and general and life insurers to remind them of the prudential requirements for additional Tier 1 and Tier 2 capital instruments. "With global credit spreads widening significantly over the past 12 months ...