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Showing 21 - 30 of 41 results for %22Life Insurance Summit%22

Direct life insurance review underway: ASIC

KARREN VERGARA  |  FRIDAY, 28 JUL 2017
A major review investigating why some consumers are worse off from purchasing life insurance via direct channels is underway. ASIC senior executive leader and regional commissioner, Michael Saadat, told the FSC Leaders Summit this week that the corporate ...

Royal Commission unnecessary: FSC

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... backward and is not necessary, she said. Loane added the industry has much to be proud of and the introduction of a life insurance code that significantly lifts accountability standards, service and protection for consumers is one testament to this. ...

AIA refreshes Vitality program

KARREN VERGARA  |  THURSDAY, 22 JUN 2017
AIA Australia has enhanced its life insurance offering with the launch of OneLife, aiming to help members achieve healthier lifestyles via its Vitality program. OneLife is an online community that can help improve health literacy and support members ...

Top 10 superannuation stories in 2016

STAFF WRITER  |  WEDNESDAY, 21 DEC 2016
... Australia, behind AustralianSuper, which recently surpassed $100 billion in FUM. The move follows NAB selling its life insurance business, under the MLC brand, to Nippon Life; in doing so, the bank separated its investments, life insurance and superannuation ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... and Financial Services Kelly O'Dwyer has confirmed to Financial Standard that draft legislation pertaining to the Life Insurance Framework (LIF) will be formally re-introduced in early October when Federal Parliament next meets. An exposure draft of ...

ASIC needs to focus on prevention, not cure

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... licensees can't be allowed by ASIC. They need to be held to a higher standard." Swanson continued: "Running a listed life insurance provider isn't an easy task, but I'm glad I'm at least not ASIC. They have a very broad remit. I'd agree they're underfunded ...

O'Dwyer says life insurance back on the agenda

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... being stuck in what Financial Services Council chief executive Sally Loane described as "legislative limbo," the life insurance reforms are back on the agenda, Minister for Revenue and Financial Services Kelly O'Dwyer said. Speaking at the 2016 FSC Leaders ...

No more inquiries, says FSC

ALEX BURKE  |  WEDNESDAY, 20 JUL 2016
... Parliament should be passing the financial services reforms "already in the legislative pipeline," including the life insurance reforms. Referencing the recent Brexit referendum, Loane argued that London's status as a newly independent financial centre ...

Group insurers struggling with premium sustainability

ALEX BURKE  |  MONDAY, 21 SEP 2015
Sustainability of premiums in group life insurance is the biggest issue facing the industry, according to research by AIA Australia. AIA surveyed 105 respondents in the insurance and superannuation industries at its Group Insurance Summit in August ...

AMP profit up 32% in 2014

LAURA MILLAN  |  THURSDAY, 19 FEB 2015
... customer-driven organisation that is leaner and more efficient," AMP chief executive Craig Meller said. The group's insurance business is slowly recovering and has delivered operating earnings of $188 million, compared with $64 million in 2013. "Pleasingly ...