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Showing 631 - 640 of 2305 results for "life insurance"

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
The use of cold calling to sell direct life insurance will be prohibited in the New Year.. ASIC will ban unsolicited cold calling in life and consumer credit insurance sales from January 13 next year, following a period of consultation with industry ...

Life insurers lost $3.4b over five years: APRA

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
The Australian Prudential Regulation Authority has launched an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance. The regulator announced a series of measures, including ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... Insights on behalf of CommInsure between October and December 2014, when it ceased all outbound telemarketing of life insurance," a Commonwealth Bank spokesperson said. "We're aware of the seriousness of the conviction, and we apologise to all customers ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... should amend Prudential Standard SPS 250 to require RSE licensees that engage a related party to provide group life insurance, or who enter into a contract, arrangement or understanding with a life insurer by which the insurer is given a priority or ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... first half of 2019 alone, following a $341 million loss in 2018. Pauline Blight-Johnston, KPMG partner and head of life insurance said the results were driven by the high-level of change the sector had experienced within recent times. "The last two years ...

Mental health costs insurers $750m per year

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... economy from the adverse effects of poor mental health, $750 million of that is felt by the financial services and life insurance industries. "We have substantive costs that by and large can be prevented if we are all thriving. The life insurance industry ...

Risk advisers a dying breed: Research

HARRISON WORLEY  |  WEDNESDAY, 20 NOV 2019
The proportion of financial advisers specialising in life insurance has more than halved in the last five years, according to Investment Trends research. In its 2019 Planner Risk Report released today, Investment Trends revealed just 15% of advisers ...

Deloitte, TAL partner on AI

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... production and deployed on all of our sales calls. "This is just one part of our end-to-end application of AI in the life insurance process, with AI also playing a significant role in several steps of the underwriting process."

CommInsure enters guilty plea

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... and December 2014, CommInsure, through its agent, telemarketing firm Aegon Insights Australia...unlawfully sold life insurance policies known as Simple Life over the phone," ASIC said. "CommInsure provided customer contact details to Aegon from CBA's ...

MLC Life wins group insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
MLC Life continues to grow its group life insurance business, taking home a new mandate. From next year, MLC Life Insurance will be the local insurer for Generali Employee Benefits (GEB) for its multi-national clients. The insurer will provide group ...