Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 511 - 520 of 1243 results for "Insurers"

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 ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
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 ...

Insurtechs improve life insurance inefficiencies: Report

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
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 prioritise customer service over tech

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
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 ...

Bravura raises $165m for GBST bid

KANIKA SOOD  |  FRIDAY, 3 MAY 2019
... 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 ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... 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 ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... 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 ...

Bravura circles competitor

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... 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 ...

Financial advice in 2030: What does it look like?

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2019
... "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 ...