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Showing 371 - 380 of 570 results for "Income Protection"

Life insurance losses drag AMP results

LAURA MILLAN  |  THURSDAY, 20 FEB 2014
... does not expect an increase in growth earnings in the short term. "We are seeing early signs of traction in income protection, but realistically we don't expect to see a significant improvement of rates until 2015," he said. AMP overall insurance business ...

Rice Warner warns of massive TPD underinsurance

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
Underinsurance in life, income protection and total and permanent disability (TPD) cover is costing the government more than $1.5 billion a year, according to a new report by Rice Warner. Insufficient TPD cover was by far the most costly to the government ...

Group insurance faces 'perfect storm'

JAMES FERNYHOUGH  |  THURSDAY, 21 NOV 2013
... to make a determination that they're unlikely ever to work again," Williamson said, adding that he believes income protection is a better model. The focus then is on bringing the member "back to work, back to wellness over a period of time." Owen said ...

Claims surge forces insurer to increase pricing

LAURA MILLAN  |  FRIDAY, 15 NOV 2013
... insurer Beazley to increase the pricing of its offer in Australia. "There has been some adjustment," Australian Income Protection relationship manager Sandy MacLeod told Financial Standard. A UK-listed company, Beazley entered the Australian market by ...

AMP platforms soar, SMSFs dawdle

JAMES FERNYHOUGH  |  FRIDAY, 25 OCT 2013
... taking the total number to 9,800. AMP's insurance business - including life, total and permanent disability, income protection and group - took $2.1 billion in premiums, up from $2 billion in the June quarter. As with many group insurers, AMP expects ...

Reporting season reveals insurance black spots

MARK SMITH  |  MONDAY, 26 AUG 2013
... in-force premiums increased 13% in the 12 months to 31 December 2012, adding that specifically within term, income protection and accident insurance, in-force premiums were up 15.1% over the period. In its June 2013 life insurance statistics, the Australian ...

Super funds need to clarify DisabilityCare to members

LAURA MILLAN  |  WEDNESDAY, 14 AUG 2013
... service provision, so it is very important for super funds to remind their members that it won't provide them with income protection support or total and permanent disability lump sums," Volpato said. "They still need these things to protect their income ...

Beazley appoints former TAL BDM

MARK SMITH  |  TUESDAY, 23 JUL 2013
... accident and health, and enterprise bargaining agreement markets in Australia," Beazley Underwriting and Australian Income Protection managing director Noel Nosworthy said. "We are already seeing healthy levels of demand for our life, accident & health ...

ASIC slaps permanent ban on insurance claim manager

MARK SMITH  |  WEDNESDAY, 10 JUL 2013
... services licence. ASIC's investigation found that Loy fabricated and submitted 38 false claims predominantly for income protection claims between 17 June 2010 and 22 May 2012. He received a total of $1,224,936.15 in fraudulent claims. The misappropriated ...

Insurers and super funds tackle costs of mental illness

JAMES FERNYHOUGH  |  FRIDAY, 28 JUN 2013
... Solutions, it was found that Australian group life insurers were paying out more than $160 million per year for income protection and disablement for mental illness-related claims, and more than $100 million on suicide-related claims. It has also been ...