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Showing 351 - 360 of 1241 results for "Insurers"

Group insurance using shoddy data: Rice Warner

KARREN VERGARA  |  TUESDAY, 19 JAN 2021
... billion in insurance premiums in the 2020 financial year alone. With the onset of regulatory reforms, it appears that insurers and super funds aren't able to stay on top of new legislation and reflect the changes in their data. For example, the complexities ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... lockdowns. The High Court agreed with the Supreme Court, ruling against the insurer, and setting a new precedent for how all insurers will need to respond to in a similar scenario. "Many policyholders whose businesses were affected by the COVID-19 pandemic ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... for the financial year ending 31 December 2019, according to most recent institution-level data published by APRA. Life insurers reported $ 1.58 billion in net loss for the year ending September 2020.

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... for the financial year ending 31 December 2019, according to most recent institution-level data published by APRA. Life insurers, as a whole, reported $1.58 billion in net loss for the year ending September 2020. MLC Life chief executive Rodney Cook ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... had consolidated the leadership of its various dealer groups. MS sufferer fights CommInsure definition This year, life insurers were found to have consistently breached their own code of conduct and the industry came under increased pressure to do away ...

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... insurance and deliver better outcomes for members. According to ASIC's analysis of the claims data from the larger funds, insurers estimated that super members with default insurance will be paid up to 79 cents in claims for each dollar of insurance ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The corporate regulator has released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims. ASIC's information sheet and consultation paper C12 Proof: Claims Handling and Settling Service ...

ClearView streamlines underwriting

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
... compliance obligations and any regulatory changes while pursuing long-term sustainable growth," Lowe said. Other life insurers that have adopted ALLFINANZ Cloud are Prudential Thailand, Generali Indonesia, Hong Leong Malaysia and FT Life Hong Kong. US ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
A coalition of more than 80 organisations including banks, insurers, superannuation funds and other stakeholders has released an ambitious list of recommendations to transform Australia's financial system to sustainable outcomes. The Australian Sustainable ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... via this distribution channel has been decreasing since the end of 2018. "Although we will see product innovation as insurers respond to APRA's intervention on retail income protection products, it will be challenging to completely reverse this trend," ...