Search Results | Showing 31 - 40 of 61 results for "Disability Income" |
| | | The Actuaries Institute has called for urgent reform of Australia's $5 billion disability income insurance sector. The institute said it has established a taskforce saying that failure to implement significant changes will reduce consumer access to ... |
| | | | ... due to risks and challenges hampering profitability. "For a fifth straight year, the performance of individual disability income insurance worsened taking losses over that time to more than $3 billion," it said. The profitability of individual lump sum ... |
| | | | ... an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance. The regulator announced a series of measures, including capital charges, which will require life insurers to address ... |
| | | | ... they wanted greater cover. Under the new arrangement with Chubb, members will be covered for 85% of their pre-disability income. The fund has set the default premium at 1.76% of the superannuation guarantee contribution. In a new addition, NESS has extended ... |
| | | | ... Trauma admittance rates were even, with both channels registering 87%, but the trend returned when it came to disability income protection, with advised clients having claims admitted in 95% of cases, and non-advised clients coming in at 85%. Accident ... |
| | | | ... longest to process claims at 9.7 months, followed by Westpac at 8.5 months and AIA Australia at seven months. Disability income insurance claims showed AMP takes about 3.2 months to process, followed by AIA Australia at 2.5 months and ANZ OnePath at ... |
| | | | ... future. This includes contractors, self-employed, and anyone on any income support, be that parental leave, disability income or unemployed benefits." Knox added that the index should be used as a reference point by policymakers to learn from the most ... |
| | | | ... Risk products recorded the following net profit: individual lump sum ($649m), group lump sum ($185m), group disability income insurance ($86m) and individual disability income insurance (-$74m). A separate report from KPMG shows the industry continues ... |
| | | | ... announced in the 2018/19 budget are implemented, KPMG warned. The profitability of products such as TPD, trauma and disability income, continue to be an issue. Claims management initiatives alone are unlikely to be sufficient to restore these products ... |
| | | | Disability income insurance (DII) continues to be a loss-making venture for life insurers as the prudential regulator undertakes a comprehensive review of its sustainability, pricing and the actual benefits delivered to policyholders. Otherwise known ... |
|
