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Showing 31 - 40 of 61 results for %22Insurance Contracts Act%22

Reporting overhaul to hit insurer profits

KARREN VERGARA  |  MONDAY, 22 MAY 2017
... standard overhauling how premiums and claims are reported. Under new international accounting standard IFRS 17 Insurance Contracts, a life insurance and reinsurance company will need to provide accurate estimates of premiums it expects to collect and ...

CBA in world-first blockchain transaction

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2016
... actively collaborate with trade finance clients, financial institutions, fintech companies and consortiums, as well as the insurance and shipping industries, to ensure their clients benefit from evolving trade finance technologies.

Mercer handed fine for unlicensed advice in Singapore

MARK SMITH  |  THURSDAY, 10 SEP 2015
... employees without the minimum entry and exam requirements advise on life insurance policies and arrange life insurance contracts. Mercer breached the stipulation that a principal "shall not permit any individual to provide any type of financial advisory ...

High-risk pursuits may undermine super funds' solvency

DARREN SNYDER  |  THURSDAY, 25 JUN 2015

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... standards and establish mandatory membership of advice associations for their planners. Risk at risk Australia's group life insurance sector has experienced an increase in claims and policy lapses in the last few years. The confluence of factors pressuring ...

ASIC permanently bans 'tombstoning' adviser

LAURA MILLAN  |  WEDNESDAY, 16 APR 2014
... hide his dishonest conduct. The documents included falsified emails from fictitious clients and variations to insurance contracts. Vyas' conduct occurred when he was an authorised representative of financial advice companies Lionsgate Financial Group ...

Financial Adviser convicted of 'tombstoning': ASIC

HARRY PAGE  |  THURSDAY, 6 MAR 2014
... his dishonest conduct by falsifying 21 other documents, which included fictitious emails and variations to insurance contracts. On February 28th 2014, Vyas was sentenced to a total of two years imprisonment by way of Intensive Correction Order (ICO). ...

Market Wrap PM

AAP  |  TUESDAY, 25 FEB 2014
... conglomerate Wesfarmers which was 92 cents worse off at $42.88. Among the companies to release profit results on Friday, Insurance Australia Group gained three cents to $5.55 after lifting its half year profit by almost 40 per cent. As the earnings season ...

Chambers enters into administration, loses AFSL

LAURA MILLAN  |  FRIDAY, 4 OCT 2013
... credit licence of Chambers after it ceased to engage in credit activities and failed to obtain professional indemnity insurance. The regulator said it is also conducting enquiries into the conduct of the officers and representatives of Chambers but refused ...

Market Wrap

AAP  |  FRIDAY, 17 AUG 2012
... out with their results which the markets are really focusing on," she said. Locally, investors are pouring money into insurance and banking stocks, with the major banks continuing to lead the gains. Commonwealth Bank was up 39 cents to $56.44, NAB was ...