Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 371 - 380 of 1243 results for "Insurers"

MLC Life hires wealth and partnerships lead

KARREN VERGARA  |  THURSDAY, 8 OCT 2020
... Williamson said the goal is to play a larger role in the group insurance market and challenge the more established group insurers. "Insurance inside superannuation is experiencing significant change in light of COVID-19, and we need to ensure we're ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... revise down insurance costs. "As you would be aware there has been an industry wide assessment and repricing by life insurers for both death and TPD," Coysh said. "The changes largely reflect the impact of COVID-19 on expected claims experience." In ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
... assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees, the prudential regulator announced the Supervision Risk and Intensity Model (SRI) will be ...

Insurers prepare for tragic COVID-19 fall-out

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
Life insurer MetLife is preparing for an increase in mental health claims in the wake of COVID-19, with the insurer acknowledging the psychological toll of financial hardship. "There is a direct connection between financial wellbeing and mental health. ...

LGS partners with SuperFriend

ALLY SELBY  |  THURSDAY, 1 OCT 2020
... improve the mental wellbeing of LGS and its members." SuperFriend partners with 25 profit-to-member funds and eight group insurers to help reduce the impact and incidence of suicide in the sector, and improve workplace mental health.

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... in just five years. However, the intervention was put on hold due to COVID-19 in March. Since December, APRA said life insurers and friendly societies have lost a further $1.4 million due to the sale of individual disability income insurance. From October ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... their clients they could obtain substantially similar or better insurance policies with lower premiums from alternative insurers," Allsopp said.

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... the report said. "Various interviewees mentioned this as a concern. Amongst other things, this practice tends to drive insurers to add features (and therefore complexity) to their products - in effect an 'arms race'." The report said these additions ...

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
... claim (728) or denial of claim exclusion or condition (720) were the most common reasons for people complaining. General insurers accounted for 41% of complaints and credit card companies made up 35% of complaints. Just 14% of complaints were directed ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... sclerosis (MS) is fighting to have CommInsure recognise her condition, calling into question the various definitions life insurers use. ClaimRight founder William Johns was assisting a client with MS in accessing the insurance she held through several ...