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Showing 31 - 40 of 2441 results for "Claims"

Old settings for TPD 'no longer fit': APRA

RIDDHIMA TALWANI  |  THURSDAY, 28 MAY 2026
... said total and permanent disability insurance (TPD) in its current form is being tested by the sharp rise in mental health claims. Speaking at the All Actuaries Summit 2026, Magill called this a structural shift with TPD being asked to solve an issue ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... Life Insurers (CALI), discussed several issues facing TPD insurance. Participants overwhelmingly agreed on deteriorating claims experience across group and retail markets, the rising incidence and complexity of mental health-related claims and consumers ...

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO  |  FRIDAY, 22 MAY 2026
... innovation is reshaping global financial markets, with AI now being integrated into functions including credit underwriting, claims processing, portfolio management and disclosure. ASIC chair Joe Longo said Australia's financial system had a long history ...

Super funds get ahead of proposed minimum service standards: KPMG

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... to step up and force the timely and compassionate handling of death benefits, fair and efficient processing of insurance claims, and clear, respectful and accessible communications with members. The government also expects them to have better documentation ...

Rest faces scrutiny over alleged super reporting error

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
Rest has come under scrutiny following claims it incorrectly reported superannuation contributions to the Australian Taxation Office for an individual who was never a member of the fund. The issue was raised publicly by financial planner Matt Marsh ...

Super funds can drive member engagement through insurance: TAL

VINNY VUCAGO  |  MONDAY, 11 MAY 2026
... superannuation. TAL general manager of group partnerships Dan Taylor said the research showed insurance delivered value beyond the claims process itself. He said members who understood their cover were more likely to feel financially prepared and less ...

Insurance premiums to drop for HESTA members

JAMIE WILLIAMSON  |  THURSDAY, 7 MAY 2026
... decision to reduce premiums comes as many other super funds are increasing theirs significantly in response to increased claims. AustralianSuper, Cbus and Commonwealth Super Corporation have all increased their premiums, some by more than 40%, in response ...

Income support system cannot handle claims surge: CALI

VINNY VUCAGO  |  WEDNESDAY, 6 MAY 2026
... Mental ill health is a key driver of the increase. It accounts for roughly one in three total and permanent disability claims and one in five income protection claims, placing sustained pressure on insurers and government programs. CALI chief executive ...

Cbus members to see 46% increase in insurance fees

ELIZA BAVIN  |  MONDAY, 4 MAY 2026
... $3.40 to $6.37 per week for default Income Protection cover. Cbus said in the past two years there has been a 50% rise in claims, driven mainly by growth in musculoskeletal, injury and mental health claims. A Cbus spokesperson told Financial Standard ...

NEOS, TAL honoured at Life Insurance Awards

STAFF WRITER  |  FRIDAY, 1 MAY 2026
... across various service parameters that can critically affect their business. This includes underwriting and new business, claims service and business support. It's the second year running that NEOS has taken home the honour. NEOS chief executive John ...