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Showing 21 - 30 of 149 results for "Underinsurance"

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... the bill will provide significant unintended consequences, with the FPA positing that Australia suffers from an underinsurance problem which it said was in some ways mitigated by the group insurance system. According to the FPA, some insurance coverage ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... that a complete ban on conflicted remuneration in respect of life insurance products would lead to significant underinsurance," Hayne said in the report. Further, Trapnell said the recommendation to ban grandfathered commissions is likely to worry affected ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... that a complete ban on conflicted remuneration in respect of life insurance products would lead to significant underinsurance," Hayne said in the report today. "While it may not follow that every Australian who holds a life insurance policy through a ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... grandfathering rule changes. Insurance is exempt and was never part of grandfathering arrangements for fear of underinsurance risks, he said, adding the legislated Life Insurance Framework sufficiently covers this area.

Tradies test predictive underwriting

KARREN VERGARA  |  FRIDAY, 13 APR 2018
... requirement for more data or incomplete information provided. This has a detrimental effect not only on Australia's underinsurance problem, but also on the customer experience and the perception of insurers," Tilocca said. To advisers, the breakthrough ...

FSC calls for inquiry into gig economy and its impact on super

EMMA RAPAPORT  |  THURSDAY, 11 JAN 2018
... FSC said, results in substantially lower superannuation balances for the self-employed, and increases the risk of underinsurance. A discussion paper released by the Association of Superannuation Funds of Australia estimated there are about 100,000 workers ...

Financial literacy the bridge for income protection gap

JAMIE WILLIAMSON  |  FRIDAY, 17 NOV 2017
... the Environment at the University of Oxford. It looks at how industry participants can work together to close the underinsurance gap and safeguard financial security. The report shows that while formal, theory-based financial literacy programs are gaining ...

Australians pass on life insurance

EMMA RAPAPORT  |  TUESDAY, 23 MAY 2017
... known that Australians don't take out adequate levels of insurance to protect themselves and their family, with underinsurance remaining an issue and a drain on the public purse," Real Insurance said. "The prospect of death and the effects this could ...

The romantic side of life insurance

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2017
... recent advertising campaign from ANZ may have assisted financial advisers in making a dent in Australia's burgeoning underinsurance problem. Recently promoting its life insurance offering as 'love insurance', ANZ flipped the traditional insurance advice ...

Group insurance critical: FSC

KERRIE SYDEE  |  THURSDAY, 8 DEC 2016
Insurance within superannuation is critical to curbing Australia's underinsurance problem, with group insurance giving more than nine out of 10 working Australians cover they wouldn't necessarily otherwise have. Submitting to the Parliamentary Joint ...