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Showing 371 - 380 of 2192 results for "Insurer"

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
Australians have taken home almost $900 million in compensation and refunds since the ombudsman service opened its doors in November 2018. The Australian Financial Complaints Authority (AFCA) said it's also handled more than 300,000 disputes, an ...

Advisers, non-relevant providers will not compete: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 16 NOV 2022
... and to give good advice will be the institution," she explained. "It will be for the bank, the superannuation fund, the insurer. It will be that entity's obligation to work out, 'what advice can I safely give to my customers without a relevant ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... watching Vanguard Super very closely." Vanguard Super's administrator is GROW, its custodian is JPMorgan, and its group insurer is AIA Australia.

TAL launches Professional Year platform

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
The insurer has unveiled a new digital platform that promises to keep track of all Professional Year requirements and achievements. Developed by TAL's Risk Academy team, in collaboration with several licensees, PY Manager allows licensees, financial ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
The Council of Australian Life Insurers (CALI) has been backed by the industry with 19 life insurers and reinsurers joining its membership. CALI's membership now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia. ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... to September 30, ClearView said it has traded strongly and to expectation. Based on its year-to-date performance, the insurer is on track to grow underlying NPAT in FY23 in the range of $28.5 million to $30 million. "The business environment of the overall ...

Aviva Investors appoints head of APAC

CHLOE WALKER  |  WEDNESDAY, 2 NOV 2022
Richard Surrency has been named as Aviva Investors' new head of Asia Pacific. Based in Singapore, Surrency will report to Aviva's global head of distribution Scott Callander. Surrency joins from Franklin Templeton, where he served as head of private ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... an expectation that other instruments will be called in similar circumstances. To meet these expectations, the ADI or insurer must be able to demonstrate that "the cost of issuing the replacement instrument is equal to or less than the cost of keeping ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
... domestic violence, as well as new protections in the genetics moratorium. The new guidelines set out 11 areas that each life insurer's policy might cover and were developed with consumer advocates. Specifically, from July next year, the new Life Code ...