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| | | The current travails of the group insurance market may be just the beginning, with a "major blow-up" potentially around the corner, according to WA Super's general manager, client services, Paul Owen. "I've heard the words 'perfect storm' bandied around ... |
| | | | ... insurance market, and the losses incurred so far could be just the beginning. But despite the negative figures for group insurance, TAL increased its premium and other revenue by 15% to $1.1 billion. |
| | | | ... make sure that the policies that we put there are fair and have the right price." MacLeod noted that the whole group insurance market has experienced an increase in claims, but he added that "offering insurance through super has been really a positive ... |
| | | | ... associated with bringing investment management in house. Rowell also drew attention to an elephant in the room: group insurance. Following the huge, unforeseen spike in claims that saw one re-insurer (RGA) withdraw from the group total and permanent ... |
| | | | Life insurer TAL has developed a new web-based technology for its group insurance business, enabling it to deal more directly with those holding life policies through superannuation. The technology was developed with UniSuper, to coincide with the commencement ... |
| | | | ... quarter. As with many group insurers, AMP expects to revise its 'incurred but not reported reserves' (IBNR) for the group insurance business, after seeing a spike in group insurance claims. |
| | | | ... life insurance products. Clark said Lifebroker will complement TAL's existing offerings in the retail, direct and group insurance markets. "TAL has had a 10% stake in Lifebroker for three years now and we have been impressed with the quality of the business ... |
| | | | ... participation rates in certain market segments remain low and open to new methods of engagement and upselling." The group insurance market is under pressure from increasing claim rates, price compression through intense competition and product definitions ... |
| | | | Self-managed superannuation fund (SMSF) platform provider Xpress Super has added direct property to its suite of investments. The new option will allow SMSF trustees to access limited recourse borrowing arrangements (LRBAs) through two lenders, St George ... |
| | | | ... Australia and is considering the possibility of expanding. The firm's Employee Benefits division advises companies on group insurance for its employees, retail and corporate superannuation and global mobility. But since it set up a financial planning ... |
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