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| | | ... people." AIA Australia is the life insurer for many superannuation funds including BT Super and HESTA. Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits ... |
| | | | ... the numbers were even worse with 77% rejected under ADL definitions. The regulator suggested, but did not mandate, that insurers move away from using ADLs. Health & Finance Integrated managing director William Johns says he hasn't seen much of a shift ... |
| | | | ... will see their insurance premiums rise substantially come 1 August 2020 now that the super fund has officially switched insurers to MetLife. The fund blamed a range of factors for the increase, mostly surrounding the effects of the COVID-19 pandemic. ... |
| | | | ... the global insurer, saying the COVID-19 pandemic in part led to the decision. "With the COVID-19 pandemic leading many insurers to review their premium rates, we have been negotiating with insurers to minimise any premium increases for our members," ... |
| | | | ... what is already a sizeable market. A number of large Australian super funds, implemented asset consultants and general insurers have all expressed interest in green debt markets," Bovingdon said. Crestone Wealth Management chief executive Michael Chisholm ... |
| | | | ... commend financial institutions for their quick response to the pandemic," he said. "As always, we encourage banks and insurers to maintain open and transparent communication with their customers about the support available to them if they're experiencing ... |
| | | | The Life Code Compliance Committee has said that life insurers appear not to be taking their obligations under the Life Insurance Code of Practice seriously. The code came into effect in 2017, with the independent committee now publishing its second ... |
| | | | ... responses by governments pose a significant risk to returns. In a report sent to clients, including superannuation firms and insurers, JANA urged investors to ensure climate-related financial risk is adequately considered and monitored, as climate change ... |
| | | | ... dividend without some sort of capital impost, or elevating their gearing. "In April we had APRA writing to the banks and insurers requesting a prudent reduction in dividends and a materially reduced level of returns to shareholders over the coming months." ... |
| | | | Life insurers are continuing to pay out more for mental health related claims, as Australians take longer to return to work, according to new analysis. The latest edition of KPMG and the Financial Services Council's five year study on life insurance ... |
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