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Showing 31 - 40 of 149 results for "Underinsurance"

LIF to be introduced this week

MARK SMITH  |  MONDAY, 10 OCT 2016
... the viability of the industry at the same time." O'Dwyer added that the government does not want to add to the underinsurance problem in Australia and wants to ensure that those who want life insurance products are able to access them. At the same time ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
... also asserts that automatic default cover, provided on an opt-out basis, has significantly contributed to reducing underinsurance in Australia and that superannuation trustees and group insurers must co-operate in order to achieve the most sustainable ...

Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
... said. "It should drive an insurer culture of seeking genuine new business and as such help address Australia's underinsurance problem, rather than perpetuating an insurer culture which tries to attract existing policy holders away from other insurers. ...

MySuper insurance widely misunderstood

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2016
... around the cover employees have in their super, pointing out that automatic acceptance levels (AAL) can result in underinsurance and drawn out claims processes. "Under automatic acceptance levels there is very little underwriting, so we know very little ...

Longevity driving interest in risk pooled products

KERRIE SYDEE  |  WEDNESDAY, 6 JUL 2016
... living longer, investors must have a clear understanding of the product to ensure it is suitable for them... while underinsurance is a valid fear, investors also need to ensure that the insurance they choose is appropriate for them and their life circumstances." ...

ASFA recognises super challenge for PC

DARREN SNYDER  |  WEDNESDAY, 1 JUN 2016
... ancillary benefit. It said insurance through superannuation "enhances allocative efficiency by reducing the level of underinsurance and correcting for market failures in the broader insurance market, which leads to a better allocation of resources over ...

AIA revamps digital strategy

MARK SMITH  |  MONDAY, 15 FEB 2016
... don't appeal to them on an emotional level, we won't be successful in changing perceptions around life insurance. Underinsurance costs the Australian government over $1.5 billion per year, so we have a huge opportunity and a strong imperative to change ...

MLC takes axe to life insurance premiums

DARREN SNYDER  |  MONDAY, 23 NOV 2015
... said. "It's not just something we've dreamed up because of that [partnership]." Hackett said MLC was aware of the underinsurance issue in Australia. "KPMG did a study for the Financial Services Council (FSC) that showed 11.5 million working Australians ...

FEATURE: Reshaping insurance

ALEX BURKE  |  THURSDAY, 22 OCT 2015
... member retention is that both the industry and the wider Australian public are becoming more aware of the problem of underinsurance and its cost to the community. As Australian Institute of Superannuation Trustees executive manager business and operations ...

Super and TPD definitions in the spotlight

DARREN SNYDER  |  WEDNESDAY, 7 OCT 2015
... said. AIST executive manager business and operations services, Maryann Mannix-White, said the 2014 Rice Warner underinsurance report calculates that Australians are underinsured by approximately $1.8 billion and "the default cover of typical superannuation ...