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Showing 511 - 520 of 994 results for "Premiums"

The changing face of underwriting

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2017
Facial analytics may play a key role in calculating future life insurance premiums thanks to a North Carolina technology firm claiming its platform returns lifespan estimates more accurate than traditional methods. Lapetus Life Event Solutions recently ...

Life consumers influenced by premium pricing

KARREN VERGARA  |  FRIDAY, 9 JUN 2017
An overwhelming majority (84%) of Australians purchase life insurance based on the cost of premiums, according to life insurer NobleOak. What's concerning is that more than half of consumers (52%) buy life insurance or income protection cover online ...

ASIC launches LIF instrument

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
... in the second year. Some of the concerns industry members raised include: how increases in the cost of the policy or premiums after the first year should be dealt with, and how the clawback arrangements apply if the maximum upfront commission is applied ...

Kinetic Super improves insurance offering

EMMA RAPAPORT  |  WEDNESDAY, 31 MAY 2017
... Under the tiered insurance cover, new members will receive a Starter Pack that offers lower insurance cover with lower premiums. Once their super savings grow to $3000 or more, Kinetic Super automatically upgrades them to the Booster Pack, which provides ...

Life insurance market flat: Research

KARREN VERGARA  |  MONDAY, 22 MAY 2017
... offering 209 products, Strategic Insight found while in-force business continued to grow slowly, a large portion of new premiums were offset by lapses and policy closures. In 2016, direct business reported about $1.1 billion of individual risk inflows ...

Reporting overhaul to hit insurer profits

KARREN VERGARA  |  MONDAY, 22 MAY 2017
... 450 listed insurers' bottom lines will be significantly affected by a new global accounting standard overhauling how premiums and claims are reported. Under new international accounting standard IFRS 17 Insurance Contracts, a life insurance and reinsurance ...

HESTA sharpens focus on factor investing

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2017
... Robeco's factor investing offering is a great fit for superannuation funds such as HESTA, who want to capture equity premiums efficiently by not going against other proven factors." Factor investing is increasingly being adopted by institutional investors ...

Super insurance must be standardised: ISWG

KARREN VERGARA  |  FRIDAY, 5 MAY 2017
... superannuation," Minto said. The group expects to release its final paper in July. The first paper released covered the erosion of premiums and multiple life insurance policies, while the second detailed claims handling.

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... members' death benefits (21.5%) was the biggest source of complaints for the SCT, followed by the deduction of insurance premiums (11.5%), and queries about account balances (6%). It resolved 508 of the 562 complaints it received, with 8% of the complaints ...

AIA launches flexible premium structure

KARREN VERGARA  |  MONDAY, 1 MAY 2017
... flexibility in matching premium terms to their clients' needs, with the option to choose a more appropriate period to fix premiums at either five, 10 or 15 years. Depending on the client's situation and cover chosen, term level premiums can provide significant ...