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Showing 41 - 50 of 149 results for "Underinsurance"

Gen Y can drive SMSF growth

DARREN SNYDER  |  TUESDAY, 28 JUL 2015
... trustees," the Intimate with Self-Managed Superannuation report said. The report said an often publicised trustee underinsurance risk appears to be overblown. "While only three in 10 (29.9%) trustees have purchased insurance within their SMSF, more than ...

Rice Warner highlights $1.8trn insurance gap

ALEX BURKE  |  TUESDAY, 14 JUL 2015
There is a $1.8 trillion underinsurance gap in Australia, according to Rice Warner's Underinsurance in Australia report. The report is based on levels of life insurance, total and permanent disability (TPD) and income protection as at June 30, 2014. ...

Institutions and independents tackling risk reforms

ALEX BURKE  |  THURSDAY, 30 APR 2015
... encourage new advisers into the industry which are vitally needed if we are to seriously tackle Australia's chronic underinsurance problem."

Labor considers ban on insurance commissions

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... it was now reconsidering this stance. "Risk advisers were exempted because we were concerned about the level of underinsurance in Australia, and that's a legitimate concern. But I think that the ASIC report means that we need to take it very seriously," ...

FSC calls for new govt agency to grow industry overseas

MARK SMITH  |  MONDAY, 1 SEP 2014
... The FSC said the current structure of Australia's insurance framework is inhibiting product innovation, creating underinsurance and unnecessary public sector cost, the Financial Services Council said today. FSC director of policy Andrew Bragg said: "Australia's ...

Insurance through super saves $403 million

STAFF WRITER  |  FRIDAY, 29 AUG 2014
... 88% of overall total and permanent disablement (TPD) sums insured and 59% of income protection monthly benefits. "Underinsurance is a real problem for individuals and for governments, which absorb the cost of underinsurance through the provision of social ...

MetLife refocuses on middle classes with direct distribution

ALEX DUNNIN  |  WEDNESDAY, 30 JUL 2014
... at all leading to an insurance gap estimated at US$15 trillion. MetLife noted that in coverage terms this is an underinsurance increase of almost two thirds. The malaise has lead MetLife to develop strategies explicitly re-focused on reaching the middle ...

FEATURE: Facing the perfect storm

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
... Millan looks at the measures that the sector is implementing to find an escape from the rough waters. Uninsurance, underinsurance, misinsurance. Australia's insurance market challenges have many names, but most stakeholders agree on one single expression ...

Nine in 10 Australians can't get no insurance satisfaction: survey

LAURA MILLAN  |  WEDNESDAY, 5 MAR 2014
... mis-insurance - where people do not have the cover they think they have - could have consequences just as devastating as underinsurance." "It also reinforces the massive financial literacy gap that exists and reinforces the need for all stakeholders ...

Rice Warner warns of massive TPD underinsurance

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
Underinsurance in life, income protection and total and permanent disability (TPD) cover is costing the government more than $1.5 billion a year, according to a new report by Rice Warner. Insufficient TPD cover was by far the most costly to the government ...