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Showing 41 - 50 of 206 results for "Life Insurance Industry"

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review of the life insurance industry that is currently ongoing, that he is going in to any work involving the life insurance industry with a negative bias towards ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... Life said, and excludes funds that flow through unit trusts and master funds. Plan For Life analyses the life insurance industry using the statistic "premium inflows", which covers in force premiums as the end of the reporting period as well as single ...

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... All too often it is financial advisers that bear the brunt of these poor insurer practices." The retail life insurance industry has adopted these discounts to gain market share but the research demonstrates how over five to 20 years, policies with front ...

Wealthy Aussies panic buy life insurance

ANNABELLE DICKSON  |  MONDAY, 17 AUG 2020
... families." Despite the panic buying, 96% of wealth managers agree that customers have lost confidence in the life insurance industry as a result of the COVID-19 pandemic. "This is a worrying statistic - the reputation of insurers has taken a battering ...

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... dictate who can and can't access mental health treatment through their funding programs. Calls from the life insurance industry for regulatory freedom to allow life companies to be able to fund mental health treatment rather than paying out claims ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
... needs to be done." Similarly, Beer argued that - like many other mature industries around the world - the life insurance industry needed to change its business model. "For the last 20-30 years we have seen ourselves as a growing market; we were distribution ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... limited cover while full premiums are being charged are unacceptable," Mennen said. He acknowledged that the life insurance industry broadly is moving away from the ADL definition. But, he pointed out that introducing new policies with broader cover ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... chief executive Damien Mu and MLC Insurance chief life insurance officer Sean McCormack discussed the life insurance industry's response to COVID-19. The session came as Loane revealed that the FSC's life insurance initiatives to support those impacted ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... available to those from a higher socio-economic background. "The Australian government, the regulators, the life insurance industry and all other stakeholders need to agree on a shared vision and reform roadmap for life insurance that meets the Australian ...

Life insurers fork out more for mental health

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
... Cummings said. FSC chief executive Sally Loane said the data project is designed to help steer the local life insurance industry towards a sustainable and affordable disability income insurance product. "This is, of course, a key goal for the life insurance ...