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Showing 411 - 420 of 1241 results for "Insurers"

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
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 of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion ...

Industry fund backs tobacco-free pledge

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... movement," she said. "Moving to tobacco-free finance is firmly established as a mainstream action for banks, pension funds, insurers and asset managers committed to a sustainable future."

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... reward shareholders," he said. "We prefer capital buffers utilised for the first two. As a result, we wrote to banks and insurers in early April asking that they seriously consider deferring, or at least materially reducing, discretionary capital distributions ...

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... jobs or were stood down or working less hours as a result of COVID-19. The initiative, announced on Tuesday, will see insurers assess TPD claims resulting from an illness or injury occurring since the pandemic started based on the policyholder's ...

Realigning remuneration expectations

KANIKA SOOD  |  THURSDAY, 14 MAY 2020
... expectations -- firms may have a greater opportunity to consider greater use of leverage co-investments over traditional carry. Insurers will be affected by low interest rates and COVID-19's impact on health insurance sector. Attractive benefits will ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... shows how we can and will comprehensively intervene when we find systemic failings and misconduct." To date, lenders and insurers have already paid over $128 million to over 312,000 consumers, ASIC said. A further $32 million will be paid to more than ...

Insurer invokes financial hardship policy

ELIZA BAVIN  |  MONDAY, 11 MAY 2020
One of Australia's life insurers has taken a range of measures to assist customers who have been negatively affected by the effects of COVID-19. Integrity Life acting chief executive Lesley Mamelok said the firm has invoked a number of measures to help ...

Frontline worker death nominations spike

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... Representatives Standing Committee on Economics heard the COVID-19 pandemic has driven Australians to ask their life insurers about whether their policies cover them for suicide. If you or someone you know is thinking about suicide, you can call Lifeline ...

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
An industry fund is moving from MLC Life to OnePath as its life insurer effective July 1 and has notified members of changes to its offering. Energy Super has chosen OnePath after a rigorous tender process, the fund told members, while notifying them ...

Almost $1bn wiped off risk market

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 MAY 2020
... to data from Plan For Life Actuaries, risk insurance inflows fell from $16.5 billion to $15.7 billion. However, some insurers did manage to buck the trend. TAL enjoyed inflows of 18.8%, while ClearView had the next strongest inflows in the market at ...