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Showing 341 - 350 of 1215 results for "Insurers"

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... claims. ASIC's MoneySmart life insurance claims comparison tool has been updated with the latest data. The tool compares insurers across cover types and distribution channels on four metrics - the percentage of claims accepted, the length of time taken ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
The coronavirus pandemic has wiped out $1.4 billion from the books of life insurers and triggered a spike in claims, according to new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. ...

MLC Life hires wealth and partnerships lead

KARREN VERGARA  |  THURSDAY, 8 OCT 2020
... Williamson said the goal is to play a larger role in the group insurance market and challenge the more established group insurers. "Insurance inside superannuation is experiencing significant change in light of COVID-19, and we need to ensure we're ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... revise down insurance costs. "As you would be aware there has been an industry wide assessment and repricing by life insurers for both death and TPD," Coysh said. "The changes largely reflect the impact of COVID-19 on expected claims experience." In ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
... assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees, the prudential regulator announced the Supervision Risk and Intensity Model (SRI) will be ...

Insurers prepare for tragic COVID-19 fall-out

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
Life insurer MetLife is preparing for an increase in mental health claims in the wake of COVID-19, with the insurer acknowledging the psychological toll of financial hardship. "There is a direct connection between financial wellbeing and mental health. ...

LGS partners with SuperFriend

ALLY SELBY  |  THURSDAY, 1 OCT 2020
... improve the mental wellbeing of LGS and its members." SuperFriend partners with 25 profit-to-member funds and eight group insurers to help reduce the impact and incidence of suicide in the sector, and improve workplace mental health.

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... in just five years. However, the intervention was put on hold due to COVID-19 in March. Since December, APRA said life insurers and friendly societies have lost a further $1.4 million due to the sale of individual disability income insurance. From October ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... their clients they could obtain substantially similar or better insurance policies with lower premiums from alternative insurers," Allsopp said.

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... the report said. "Various interviewees mentioned this as a concern. Amongst other things, this practice tends to drive insurers to add features (and therefore complexity) to their products - in effect an 'arms race'." The report said these additions ...