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Showing 581 - 590 of 1244 results for "Insurers"

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... from riskier business models, such as outbound sales and reliance on products with broad exclusions." Shipton warned insurers ASIC will use its regulatory tools to address "failures" in the segment and several are currently investigations underway. "ASIC ...

TAL waives life premiums for drought-stricken farmers

KANIKA SOOD  |  TUESDAY, 28 AUG 2018
... drought," it said in an emailed response. TAL is due to appear at the Royal Commission's next round alongside other life insurers including: AMP, ClearView, CommInsure and Freedom Insurance, starting September 10.

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
Some of Australia's prominent life insurers are preparing for time in the Royal Commission witness box, after case studies were announced for the sixth round of public hearings. TAL, CommInsure, ClearView and Freedom Insurance have been named to ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
The life insurance industry turned in a solid FY18, latest APRA statistics show. In the year to 30 June 2018, life insurers' total revenue stood at $37.6 billion, up 11.5% higher than the previous corresponding period. This was driven by net policy ...

Advisers divided over health programs

KARREN VERGARA  |  THURSDAY, 23 AUG 2018
Life insurers increasing the awareness of client health and wellbeing programs still have hills to climb to win financial planner recommendations, latest industry research shows. An Investment Trends survey of 495 financial planners, completed in June ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... after recovering in 2015. After-tax net profit increased by $627 million to $1.31 billion. Eighteen out of 19 direct insurers, and seven out of eight reinsurers reported a profit for the year end. Gross policy revenue increased 6.3% to $24.7 billion ...

Indigenous Australians face super challenges: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... actually agree. In the fourth round of hearings the Royal Commission heard of the unethical practices and incentives of life insurers selling policies over the phone, which allegedly included the practice of coaxing customer into providing bank details ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
Group insurers are finding themselves pressed for resources as they race to meet the Federal Government's July 2019 deadline to cull the default opt-ins for group insurance. MetLife head of reinsurance and regulatory affairs James Carey said the ...

Life insurers cautious about My Health Record

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
As My Health Record draws criticism and scrutiny, life insurers are cautious as to the merits of the initiative and its potential implications for the industry. The e-health policy has hogged much media attention in the last fortnight as Federal members ...

FSC aggregates insurance industry data

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... broken down by dollar value and by the number of Australians that receive the benefit," Loane said. The data will help insurers design better products, she said. "For example, where the data reveals how much is paid out annually in mental health claims ...