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Showing 21 - 30 of 146 results for "Underinsurance"

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 ...

LIF to be introduced this week

MARK SMITH  |  MONDAY, 10 OCT 2016
... the viability of the industry at the same time." O'Dwyer added that the government does not want to add to the underinsurance problem in Australia and wants to ensure that those who want life insurance products are able to access them. At the same time ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
... also asserts that automatic default cover, provided on an opt-out basis, has significantly contributed to reducing underinsurance in Australia and that superannuation trustees and group insurers must co-operate in order to achieve the most sustainable ...

Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
... said. "It should drive an insurer culture of seeking genuine new business and as such help address Australia's underinsurance problem, rather than perpetuating an insurer culture which tries to attract existing policy holders away from other insurers. ...