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Showing 11 - 20 of 41 results for "General Insurers"

AFCA sees 14% rise in complaints

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... possible to talk about the options available to you." Over 28,400 complaints were made against banks, 15,748 against general insurers, 9857 against credit providers and 4732 against super funds, trustees or financial advisers. Meanwhile, AFCA also announced ...

Insurer invokes financial hardship policy

ELIZA BAVIN  |  MONDAY, 11 MAY 2020
... broader community, in navigating through the COVID-19 pandemic." The changes come as ASIC called on life and general insurers to show "flexibility" during the COVID-19 crisis. The regulator said it is committed to working constructively and pragmatically ...

Latitude Financial joins banks on AFCA complaints list

ALLY SELBY  |  MONDAY, 13 JAN 2020
... licensee members had a complaint lodged against them. Banks received 25,826 complaints during this period, while general insurers received 14,139 complaints, credit providers received 10,327 complaints, super funds and trustee or advisers received 2999 ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... the complainant. Banks won out for the most complained about financial institutions in the country, followed by general insurers. Australians are making an average of 200 complaints a day, with AFCA receiving 73,272 complaints in total. This represents ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... common among Australia's banks, but the wider financial services sector. "Last financial year, APRA-regulated general insurers paid out $27.5 billion to their policyholders. With Australians relying on these policies to financially protect them when ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... financial institutions, banks were the most complained about - with a total of 12,305 complaints levelled at them. General insurers were the next most complained about with 6839 complaints, followed by credit providers with 5447. The most complained ...

AFCA receives 500 super complaints in first month

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... in November. Of those who were complained about, banks led the way with 2367 complaints, closely followed by general insurers (1159) and credit providers (1040). Recently profiled in Financial Standard, the authority's chair Helen Coonan said her goal ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... will begin on Monday, September 10, with evidence to also be presented by consumers detailing their experiences. General insurers AAI (Suncorp), Allianz, IAG and Youi have also been named as case studies for the round. Natural disaster case studies that ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... today announced it entered into a strategic relationship with MS&AD Insurance Group Holdings, one of the largest general insurers in Japan and the parent company of MS Private. The deal will see Challenger provide a $500 million equity placement to MS&AD ...

Life insurers complacent on Big Data

ALEX BURKE  |  MONDAY, 19 DEC 2016
... is based on data analysis and in-depth interviews with C-suite employees at 13 life insurance providers, two general insurers, 10 industry stakeholders and six EY partners and directors. It argues that life insurers are generally slow to embrace the ...