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Showing 251 - 260 of 705 results for "Life insurer"

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
At the Financial Services Council Life Insurance Summit Senator Jane Hume has said "fake news" about consumers losing life insurance due to the early release of super has irritated her. Hume said consumers would not lose life insurance policies held ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... traditionally been done is no longer viable. "Traditionally this advice has been funded by a commission paid by a life insurer to a client, meaning the advice component comes at no upfront cost to the customer. While this model has worked well, over ...

AIA Australia appoints behavioural economics lead

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
The life insurer has appointed a head of behavioural economics and design, hiring from Swiss Re. Alison Mclean moved into the role on July 1 and is a part of the AIA Australia strategy team, which reports to AIA Australia's chief strategy officer ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... business units lacked sufficient scale. One of those units was its life insurance business. BT super switching group life insurer away from Westpac was flagged as a write-off in Westpac's 2020 first half financial results. The impact on cash earning ...

Life insurers disregard code of practice

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The Life Code Compliance Committee has said that life insurers appear not to be taking their obligations under the Life Insurance Code of Practice seriously. The code came into effect in 2017, with the independent committee now publishing its second ...

Life insurers fork out more for mental health

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
Life insurers are continuing to pay out more for mental health related claims, as Australians take longer to return to work, according to new analysis. The latest edition of KPMG and the Financial Services Council's five year study on life insurance ...

Life insurance salary guide for 2020

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... extremely strong complex physical/psychological injury management experience or this with claims experience on top. "If a life insurer has the capacity to take on candidates from these sectors and provide thorough training and support, the return in ...

MLC Life names new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 4 JUN 2020
MLC Life has appointed a new chief executive and managing director, effective June 15. Rodney Cook has been appointed to lead MLC Life, close to six months after David Hackett departed the insurer. He will replace Sean McCormack who has been acting ...

FSC calls for SMSF access to infrastructure

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The FSC has proposed a plan to democratise investment in domestic infrastructure development, making these projects accessible to every Australian with money in superannuation. The FSC said the proposed Australian Superannuation and Infrastructure Investment ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion ...