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Showing 361 - 370 of 492 results for "Group Insurance"

Life insurance losses drag AMP results

LAURA MILLAN  |  THURSDAY, 20 FEB 2014
... he said. AMP overall insurance business losses increased from $49 million in FY12 to $87 million in FY13, while group insurance losses went from $13 million in FY12 to $37 million in FY13. Meller revealed that "group claims results were driven by one ...

MetLife's Green returns to Australia to take up interim CEO role

ALICE URIBE  |  MONDAY, 17 FEB 2014
... MetLife in his current role. He has over 10 years of insurance industry experience and considerable expertise in Group Insurance and in-depth knowledge of the Australian market. "Australia is an important market for MetLife, and we have a robust business ...

MetLife Australia announces interim CEO

ALICE URIBE  |  FRIDAY, 14 FEB 2014
... MetLife in his current role. He has over 10 years of insurance industry experience and considerable expertise in Group Insurance and in-depth knowledge of the Australian market. "Australia is an important market for MetLife, and we have a robust business ...

APRA to scrutinise group insurance risk

JAMES FERNYHOUGH  |  WEDNESDAY, 12 FEB 2014
Group insurance risk management will be top of the agenda in a number of thematic reviews to be carried out by the Australian Prudential Regulation Authority (APRA), according to the regulator's general manager Greg Brunner. Speaking at the Australian ...

Niche funds have their advantages: legalsuper CEO

JAMES FERNYHOUGH  |  THURSDAY, 30 JAN 2014
... status, according to legalsuper chief executive Andrew Proebstl. At a time when most super funds are facing hikes in group insurance premiums thanks to an unexpected spike in claims, Proebstl said this is one area where niche funds have an advantage. ...

APRA issues warning on group risk

ALEX DUNNIN  |  MONDAY, 13 JAN 2014
... substantially". APRA added that it was the relentless drive to innovate and compete in the highly competitive super fund group insurance market that had pushed insurers to the edge. "Much growth in group insurance business in the past had been generated ...

APRA issues draft group insurance PPG

ALEX DUNNIN  |  TUESDAY, 10 DEC 2013
... Prudential Practice Guide (PPG) for how they should handle operational and business issues and risks surrounding group insurance sold to super funds. The regulator said the PPG is a consultation a draft that aims to assist institutions by providing targeted ...

FSS increases insurance premiums

ALEX DUNNIN  |  FRIDAY, 6 DEC 2013
... These price increases follow major insurance improvements introduced by FSS in 2009 when TAL took over the fund's group insurance contract from Metlife. The premium changes come into effect on 1 January 2014 based on a consultancy analysis the fund commissioned ...

Rice Warner warns of massive TPD underinsurance

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
... than replaces, the need for life insurance cover," he said. Rice Warner expressed concerns that, thanks to rising group insurance premiums resulting from negative claims experience through super funds, many people may decide that life and TPD insurance ...

AustSuper denies member exploitation of group insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 27 NOV 2013
AustralianSuper chief executive Ian Silk has denied that 'automatic acceptance' to the fund's group life insurance offering is being exploited. AustralianSuper's insurer, TAL, recently announced that its profits were down by almost 60% from the same ...