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Showing 11 - 20 of 149 results for "Underinsurance"

Lying rife in life insurance applications

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... Life Insurance report aims to increase customer engagement. As a part of the research, Rice Warner showed that underinsurance costs the government $57 million for life insurance and $1.26 billion for TPD; people without life cover or who are underinsured ...

Life insurance drives economy: Research

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
... government's largest budget item was social security and welfare at 33.9%. Rice Warner research also showed that underinsurance costs the government $57 million for life insurance and $1.26 billion for TPD;people without life cover or who are underinsured ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... for further analysis in the context of the Quality of Advice Review," Hume said. Treasury will keep the issue of underinsurance and access to affordable advice front of mind in analysing the data. Hume said the move will remove the duplication of work ...

Synchron demands clarity from insurers

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... their clients. According to Trapnell, the way insurers respond to this new regime might even impact Australia's underinsurance problem. "One of the big worries here is if we have tougher reinstatement, or additional underwriting, more policies will lapse ...

PPS Mutual offers new IP solution

ELIZA BAVIN  |  TUESDAY, 16 FEB 2021
... professionals to take out insurance cover at the beginning of their professional careers, in turn helping to combat underinsurance. "This offering is also in line with the PPS Mutual philosophy that insurance cover is a long-term proposition," Varnier ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
The underinsurance gap has broadened compared to three years ago, new Rice Warner research finds. Over the last 18 months, a slew of government regulation as well as unforeseen circumstances have contributed to more Australians being underinsured. This ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... insurance over the next two years, which would be both positive in the respect that it would address Australia's underinsurance problem, and potentially problematic in that customers would be concerned about whether they will be covered specifically ...

Support staff should meet FASEA standards

ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... commissioner's personal view that the absence of commissions on the sale of life insurance would not result in an underinsurance problem in Australia, that's his personal view - it is not his recommendation," Ashenden clarified. Ashenden wanted to make ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... after MetLife research found 60% of advice clients believe the removal of life risk commissions would increase underinsurance. While the research found a majority of clients were willing to pay an upfront fee - the fee they were willing to pay was far ...

Risk commissions must be retained: MetLife

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2019
About 60% of advice clients believe the removal of life risk commissions would increase underinsurance in Australia, latest research shows. That is a key finding of MetLife's second annual What Clients Want: 2019 MetLife Adviser/Client Research ...