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Showing 31 - 40 of 45 results for "disability income insurance"

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... 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 to ...

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
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 ...

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
... 86%. Death cover achieved a 97% admittance rate across all distribution channels in the period, while disability income insurance claims were admitted in 95% of instances.

Life insurer profitably improving: APRA

KARREN VERGARA  |  FRIDAY, 2 MAR 2018
... billion to net profit after tax; group lump sum risk products meanwhile earned $273 million; group disability income insurance contributed $216 million (this was partially offset by net loss after tax of $60 million from the individual disability income ...

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
... and lives insured," the report said. Data clarity was also needed for income protection insurance or disability income insurance; reopened claims; voluntary discontinuances; and multi-benefit policies that are both inside and outside super. During 2016 ...

Life insurers post mixed performance

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
Group disability income insurance has turned a corner for life insurers, recording strong earnings after years of mediocre performance, APRA's FY17 life insurance statistics show. Group disability income insurance contributed $152 million of profit ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... comprises: individual lump sum risk products ($771m), group lump sum risk products ($265m), and group disability income insurance ($79m). Individual disability income insurance however, made a loss of $427 million during the year. During the March quarter ...

Life insurance revenues down

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2016
... contributed $194 million and group lump sum products brought in $13 million, both group and individual disability income insurance products both suffered losses, contributing -$14 million and -$45 million respectively. On the whole, life insurers' total ...

Life revenue drops, profit increases

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
... after tax for the year was $1.4 billion. Individual lump sum risk contributed $1.3 billion, individual disability income insurance -$381 million, group lump sum risk $468 million, and group disability income insurance -$24 million.

Life insurance balancing APRA priorities with increased profit

ALEX BURKE  |  WEDNESDAY, 18 MAY 2016
... the majority of this at $361 million. There was improvement in results for individual (non-super) disability income insurance and group lump sum business (death and TPD business through super). Operating expenses have remained relatively stable. In the ...