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Showing 291 - 300 of 2189 results for "Insurer"

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
The Financial Accountability Regime (FAR) passed the upper and lower houses of parliament yesterday, more than four years after it was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... become a simpler, client-led and growth-oriented organisation. It's also a historic moment as AMP ceases to be a life insurer after 170 years." AMP later sold back its entire stake in Resolution Life for $524 million. The transaction included several ...

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The tech company has developed the first cloud-native, low-code policy administration system (PAS) for the life insurance sector. The regulator-approved solution aims to meet the exacting needs of the insurance sector and can be custom-designed for ...

MLC Life backs adviser platform

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
... advice through our CPD-accredited educational content through webinars, articles & face to face events." Rogers added the insurer is excited to work with Risk Hub and continue to help advisers give high-quality, strategic risk advice. MLC Life general ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... policy," she said. "The savings are usually based on the number of policies you hold, or the years you have been with the insurer." She said the action taken is in response to failed promises and is reminiscent of some of the conduct seen during the ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... Super and Pension offer. Acclaim Management steps in as administrator, while AIA Australia has secured its role as the insurer. Equity Trustees executive general manager of superannuation trustee services Andrew Godfrey said: "It's clear the Hejaz ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
Financial advice firms are "problematically" sidestepping compensation payments after the Australian Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... 2022, largely dictated by higher premiums. Fidelity International is benefitting from its holding in ASX-listed general insurer Suncorp, according to head of investments for Australasia Paul Taylor. "Within financial services, we have a definite preference ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
APRA and ASIC have commenced an early consultation on the Financial Accountability Regime (FAR), calling for input from ADIs, insurers and super trustees. Together, the regulators have released key materials for consultation to support the timely implementation ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...