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Showing 501 - 510 of 1241 results for "Insurers"

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... likes of Commonwealth Bank and its subsidiary Bankwest, ANZ, NAB, Westpac, Suncorp, Citigroup and others. "Lenders and insurers have had more than enough time to improve sales practices and provide better value for consumers," Hughes said. "An inevitable ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
... arrangements, programs for monitoring supervision and training of representatives and a risk management statement. Life insurers and life insurance underwriters will need to provide the corporate regulator with a life insurance capacity statement and ...

Genetic tests no barrier to life insurance

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
... industry. She said genetic information can provide additional information to family history and that it would be useful for insurers to know both to properly assess risk, but also highlighted the fact that research into how genes can predict illness ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
The amount of premiums group insurers charge have outweighed benefit payments by a whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers ...

OnePath updates trauma definitions

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... industry, and a framework for professional behaviour and responsibilities. This project delivers on all three," he added. Insurers that commit to the Life Insurance Code of Practice vow to conduct services in a way that is open, fair and honest. It also ...

Insurer to add value via tech

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JUN 2019
... customers are a good thing for us. It's a good thing for them and it's a good thing for us." The app developer explained insurers are moving into the wellness tech space after seeing its popularity grow. Jan Phillip Kruip is cofounder and chief executive ...

Myer Foundation backs new strategy

KANIKA SOOD  |  MONDAY, 17 JUN 2019
... portfolios. This is an emerging priority for institutional investors such as superannuation funds, family offices and insurers." "We see a strong opportunity through the Green MVE portfolio to connect this investor interest with listed entities which ...

PYSP puts SMSFs at risk

HARRISON WORLEY  |  THURSDAY, 6 JUN 2019
... make a contribution or rollover into the APRA-fund to reset the period of inactivity. The SMSFA's warnings come as life insurers warn the public at large to check they won't be left without life cover after July 1. This week AIA launched a campaign advising ...

Risk commission changes imperil advice practices

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
... forced to shift to a salaried adviser model, ClearView said. This not only increases business risks and costs for life insurers, which will ultimately be borne by consumers, but will also see less innovation and competition, as only the largest institutions ...

Life insurers post strong March quarter

KANIKA SOOD  |  FRIDAY, 31 MAY 2019
... quarter, springing back from the $529 million loss that it reported in the December quarter when markets fell and life insurers quietly wrote off goodwill. "The main drivers for this difference were the favourable movements in financial markets in the ...