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| | | ... 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 ... |
| | | | ... 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 ... |
| | | | The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ... |
| | | | Life insurers are ramping up efforts to improve pricing and underwriting efficiencies with the help of startups to make it possible, a new insurtech study shows. The second annual EY and Insurtech Australia report found almost three-in-four (72%) insurtechs ... |
| | | | Life insurers are playing down the need for investing in technology and innovation, and instead will focus on improving customers' experience in 2019, a new report finds. The 2018-19 Insurance Industry Report compiled by technology services provider ... |
| | | | ... opportunities Bravura is eyeing is its ASX-listed competitor GBST Holdings, which provides administration services to life insurers, stock brokers, wealth management businesses and institutions. Its clients include the big four banks, Baillieu Holst ... |
| | | | ... combined $26 billion pool will have more negotiating power with key external parties such as investment managers and insurers, he said. The two funds are currently conducting final due diligence on each other. The new joint trustee board will kick into ... |
| | | | ... 250), but still fall short in several areas. While practices relating to insurance strategy, design and selection of insurers, and how these affect member outcomes are consistent across the industry, requirements or guidance could be enhanced. Industry ... |
| | | | ... in cash minus a special dividend of 0.35 per share subject to approval. GBST provides administration services to life insurers, stock brokers, wealth management businesses and institutions. Its clients include the big four banks, Baillieu Holst, Bell ... |
| | | | ... "Those fund managers providing active investment strategies will target direct investment and self-managed super funds. Insurers will be forced to look to new technologies and avenues to distribute their products with adviser-intermediated policies accounting ... |
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