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Showing 31 - 40 of 1072 results for "Insurers"

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... older, premiums go up, and life insurance companies are paid more commission," he said. As early as eight to 10 years ago, insurers became more aggressive. Level premiums also have seen their base rates lift by 10%-20% right across the board, Birt said. ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
... ASIC have commenced an early consultation on the Financial Accountability Regime (FAR), calling for input from ADIs, insurers and super trustees. Together, the regulators have released key materials for consultation to support the timely implementation ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... is leaving hundreds of institutions open to financial crime. The regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 Information Security by the end of the year. It has so far assessed 24% of entities ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... it harder to pass such expenses on to clients. About 200 global asset owners canvassed, which include pension funds, insurers, and endowments, reveal that they find it hard to implement material increases in flat fees for institutional clients via non-fee ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... of superannuation trustees responded positively. In contrast, authorised deposit-taking institutions (ADIs) and life insurers were more favourable, with affirmative responses of 68% and 67% respectively. The survey further highlighted disparities in ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... exploratory scenario (SWES) exercise which aims to review shocks that prompted the instability. The BoE said large banks, insurers, central counterparties, and a variety of funds including pension funds, hedge funds, and funds managed by asset managers ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... on retirement solutions, but it will require industry collaboration to implement the changes needed. In my view, life insurers have an important role in guaranteeing income for life, to deliver certainty for Australians, many of whom are too afraid to ...