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Showing 491 - 500 of 705 results for "Life insurer"

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
Superannuation trustees and life insurers will be bound by new life insurance standards emerging from an industry leadership group aiming to benchmark best practice. The Superannuation Industry Working Group is a new collaboration between the Australian ...

Human centred workplaces needed: MetLife

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
A new workplace study from life insurer MetLife reveals significant misalignment in the priorities of Australian employees and employers when it comes to workplace health and wellness. The 'Employee Benefit Trends Study' (EBTS) found Australian employers ...

Cooper defends BT life insurance figures

ALEX BURKE  |  MONDAY, 17 OCT 2016
BT Financial Group chief executive Brad Cooper has defended BT's life insurance arm after it was revealed the 37% TPD denial rate highlighted in ASIC's industry review came from his company. Last week, ASIC came out with its review of life insurance ...

ASIC finds life claim rates wildly inconsistent

ALEX BURKE  |  WEDNESDAY, 12 OCT 2016
ASIC has found a "considerable variation" in denied claims across life insurers, with TPD denial rates as high as 37% in one instance. The regulator has issued its industry review of life insurance claims, and found that while the majority (90%) of ...

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
Prominent legal firm Slater and Gordon believes the Life Insurance Code of Practice is a missed opportunity to fix serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday ...

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
An independent committee will have the ability to sanction insurers who do not comply with a new set of standards laid out in an industry-wide Life Insurance Code of Practice produced by the Financial Services Council (FSC). The new code, released today ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
On the eve of the Financial Services Council publishing its Life Insurance Code of Practice, industry bodies have collectively reinforced their beliefs on the purpose of group insurance in superannuation. The Association of Superannuation Funds of Australia ...

Adviser reform about recovering social licence

MARK SMITH  |  THURSDAY, 6 OCT 2016
Risk advisers must accept controversial reforms are about salvaging consumer trust and should unite to rebuild it rather than drive the industry apart, a panel of insurance industry stakeholders said on day two of the AFA's annual conference. Risk adviser ...

NGS cuts ties with CommInsure

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
NGS Super has terminated its longstanding partnership with CommInsure, awarding the mandate for its insurance offering to a rival life company. Following an in-depth tender process, the mandate has been secured by TAL; ending NGS's 28 year relationship ...

Federal Court approves Zurich's Macquarie acquisition

ALEX BURKE  |  MONDAY, 26 SEP 2016
... of Macquarie Life's risk business. Following the acquisition, Zurich will become Australia's fourth-biggest retail life insurer in the independent financial adviser segment. Macquarie Life staff will transfer to Zurich and Zurich's customer-base will ...