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Showing 31 - 40 of 560 results for %22Value of Life Insurance%22

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... whole still needs to lift in this space," she said. "Ultimately, we want members to have confidence that they're getting value for money from their insurance in their superannuation. And we think that through these improvements that will help us ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... death and TPD cover and 800,000 had income protection cover. Primarily, ASIC looked at whether members were receiving better value from their insurance, whether claims handling had improved, and whether better decisions were being made on their cover. ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
APRA will maintain four life insurance prudential standards following a brief consultation period. The prudential regulator flagged it was relatively satisfied with four prudential standards - Prudential Standard LPS 100 Solvency Standard; Prudential ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... which most Australians can afford to hold insurance," MetLife said. The statistics form part of MetLife's recently published Value of life insurance report, which found that young women have lower financial literacy compared to men, putting them at risk ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... life insurer looked at the impact of financial literacy on Australians' financial health and wellbeing in its annual Value of life insurance report. It found that young women have lower financial literacy compared to men, putting them at risk of ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... bond yields increase, the future liabilities of insurers are discounted at a higher rate leading to a reduction in their value. This downward revaluation of liabilities makes a positive contribution to an insurer's profit." Bonds held by insurers ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... alleged that ANZ caused customers to make payments because of a mistaken belief their policy was compulsory or provided value to them. The action also alleged that ANZ engaged in misleading or deceptive conduct concerning the sale of the policies to ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... by Financial Standard, ClearView began its strategic review process in September 2021, with the objective of maximising value for all shareholders, determining the optimal future direction of ClearView to protect and enhance customer and policyholder ...

Austbrokers Life, Australian Unity partner

CASSANDRA BALDINI  |  THURSDAY, 20 OCT 2022
Austbrokers Life and Australian Unity Personal Financial Services (AUPFS) are partnering to offer clients access to a broader set of capabilities focused on enhancing financial wellbeing. AUPFS will deliver strategic and other support to Austbrokers ...