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Showing 431 - 440 of 1241 results for "Insurers"

No exclusions for frontline workers

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
Australia's life insurers have committed to ensure frontline healthcare workers will not be prevented from obtaining life insurance cover due to COVID-19. The Financial Services Council said the commitment comes on behalf of participating life insurance ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... superannuation fund across Australia," the spokesperson said. "Removing members from the shared insurance risk pool required insurers to reassess the risk associated with those smaller groups of members and, in almost all instances, this has unfortunately ...

Opportunities and threats amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 2 APR 2020
... government under the Biosecurity Act 2015, virtually all Business Interruption (BI) policies written by Australian listed insurers, as part of packages, will mean that businesses cannot claim BI due to COVID-19," Potter said. The building materials sector ...

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
... is quite likely assisted by end-of-quarter rebalancing," he said. "What we are probably seeing is large pension funds, insurers and the like adding to their allocation of equities because they are now underweight equities, due to global share price falls. ...

New role for Mercer chief

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... Mercer Australia chief executive Ben Walsh is set to join the executive leadership of one of the nation's largest life insurers. AIA Australia have appointed Walsh as chief life insurance officer, a newly created role that will see the long-time Mercer ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... resilience. "APRA set out an expansive policy and supervision agenda in January, but right now it is more important that banks, insurers and superannuation trustees - as well as APRA - devote their energy and resources to responding to the impact of ...

Insurers halt some virus cover

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
Two of the country's biggest insurers have halted cover for COVID-19 for some new customers, in new exclusions since the outbreak of the virus. TAL and MLC Life have introduced new policy provisions for any new customers in response to the COVID-19 ...

Life insurers are doing their best: FSC

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
... silent on the LCCC's own findings from their latest compliance report, which shows in the year to 30 June 2018, life insurers assessed 131, 271 claims," the FSC said. "Of these, 89% of income related claims and 92% of non-income related claims were within ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
Law firm Maurice Blackburn has called out the life insurance industry, saying insurers breached their Code of Practice hundreds of times in just six months. The Life Code Compliance Committee (LCCC) conducted an investigation and found many insurers ...

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... 37.6% of complaints, followed by death benefits distribution at 11.3% and pension issues with 1.4%. In terms of life insurers, TAL received the most complaints, followed by AMP Life, OnePath Life and Westpac Life. Data also revealed the nation's largest ...