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Showing 2641 - 2650 of 7046 results for "Insurance"

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
Latest life insurance claim data from APRA and ASIC found group and adviser distributed cover to experience higher claim submission rates. The second round of pilot phase data also found more than 90% of life insurance claims that go to decision are ...

Industry fund increases life insurance engagement

JAMIE WILLIAMSON  |  THURSDAY, 24 MAY 2018
Members of a $9 billion industry superannuation fund are set to benefit from greater control of their life insurance arrangements. Vision Super will roll out MLC Life's group insurance digital portal, LifeView, to its 100,000 strong membership. MLC ...

MetLife Australia chief to lead industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
The chief executive of MetLife's Australian life insurance business has been appointed chief executive of a $90 billion industry superannuation fund. Deanne Stewart will succeed Michael Dwyer as chief executive of First State Super when he steps ...

Netwealth affirms value of financial literacy

HARRISON WORLEY  |  WEDNESDAY, 23 MAY 2018
... starting out by covering income, savings and interest before moving on in later years to look at mortgages, rent, tax and insurance excess. Netwealth and Banqer said a growing concern in children's financial literacy is a lack of understanding as to ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
Commonwealth Bank has offloaded its stake in a Chinese life insurance joint venture for $668 million. CBA sold its 37.5% equity interest in BoComm Life Insurance to Japanese insurer Mitsui Sumitomo as per a condition of the bank's sale of its Australian ...

Insurtechs must work with incumbents: EY

KANIKA SOOD  |  TUESDAY, 22 MAY 2018
Australian insurtechs are more of a complementary addition to the existing insurance value chain than disruptors, according to a new study by Ernst & Young. EY's report Insurtech: Enabler or disruptor? was produced in collaboration with insurTech Australia. ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
... treatments for rehabilitating customers - the subject of a current Parliamentary Joint Committee - with giants like MLC Insurance and AustralianSuper batting for it while the private health insurance industry raises its concerns. MLC Life Insurance is ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... scope of a retirement covenant in the Superannuation Industry Supervision Act 1993. The SIS Act already has covenants on insurance and investment. On Budget night, Treasurer Scott Morrison flagged the upcoming release of the retirement covenant paper ...

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
... consumers with poor credit histories seeking loans, recommended clients switch their superannuation and take out 'high end' insurance, and drew. They also received upfront and trailing insurance commissions, using the upfront insurance commissions generated ...

PIMCO and Allianz begin hiring spree for new business

ALEX BURKE  |  THURSDAY, 17 MAY 2018
... said, adding: "The collaboration harnesses the scale and technical experience of Allianz's 127 year-old global life insurance business, as well as PIMCO's global depth and expertise in investment management." While Stewart clarified that ultimately ...