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Showing 51 - 60 of 68 results for "Disability Income"

Life insurers post mixed performance

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
Group disability income insurance has turned a corner for life insurers, recording strong earnings after years of mediocre performance, APRA's FY17 life insurance statistics show. Group disability income insurance contributed $152 million of profit ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... tax. This comprises: individual lump sum risk products ($771m), group lump sum risk products ($265m), and group disability income insurance ($79m). Individual disability income insurance however, made a loss of $427 million during the year. During the ...

Life insurance revenues down

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2016
... products contributed $194 million and group lump sum products brought in $13 million, both group and individual disability income insurance products both suffered losses, contributing -$14 million and -$45 million respectively. On the whole, life insurers' ...

Life revenue drops, profit increases

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
... profit after tax for the year was $1.4 billion. Individual lump sum risk contributed $1.3 billion, individual disability income insurance -$381 million, group lump sum risk $468 million, and group disability income insurance -$24 million.

Life insurance balancing APRA priorities with increased profit

ALEX BURKE  |  WEDNESDAY, 18 MAY 2016
... contributed the majority of this at $361 million. There was improvement in results for individual (non-super) disability income insurance and group lump sum business (death and TPD business through super). Operating expenses have remained relatively ...

Life insurance profits leap 31pct

MARK SMITH  |  TUESDAY, 16 FEB 2016
... million in the December quarter 2015, with Individual Lump Sum Risk contributing $190.4 million, Individual Disability Income Insurance contributing $18.4 million, Group Lump Sum Risk contributing $110.1 million and Group Disability Income Insurance ...

Life insurers must address group risk schemes: APRA

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
... disability (TPD) insurance - had "significantly improved financial results in the year to June 2015", the group disability income business remained problematic and incurred a loss for the year. Rainmaker Information said the general consensus from APRA ...

Super outstrips other channels in disability risk profits

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
The profitability of disability income insurance within superannuation is outstripping comparable insurance products sold directly. The latest quarterly statistics from the Australian Prudential Regulation Authority (APRA) show that both the super and ...

Claims surge forces insurer to increase pricing

LAURA MILLAN  |  FRIDAY, 15 NOV 2013
... Beazley tries to ensure that members have enough cover by offering "benefits equal to 90% of the members' pre-disability income, plus a further 10% super benefit."

The life insurance sustainability challenge

ALICE URIBE  |  FRIDAY, 2 AUG 2013
... predominantly tied to the group total and permanent disability (TPD) line of business and, to a lesser extent, group disability income. "The Australia market is the only one in which RGA has significant exposure to group TPD business. Not only have claim ...