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| | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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. ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
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