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| | | 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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." |
| | | | ... 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 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 ... |
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