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Showing 51 - 60 of 206 results for "Life Insurance Industry"

Life insurance salary guide for 2020

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
A new salary guide has outlined what those in the life insurance industry can expect to get paid this year, as it's revealed many claims assessors are looking to move sideways due to a perceived lack of career growth. Profusion Group's June 2020 insurance ...

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... $7.5 billion, and losing $4.3 billion in assets held overseas. The data reads similarly bleak for the life insurance industry, with firms taking a collective hit of $18 billion to total unconsolidated assets during the quarter, landing on $187.3 billion. ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion in total assets at March end after falling 20.1% in 12 months. The revenue drop in the year was much bigger ...

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
Super Consumers Australia has called on Australia's life insurance industry to eradicate "junk terms" from total and permanent disability insurance, after the Financial Services Council committed to ensuring TPD cover wouldn't be impacted if ...

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... also indicated that MLC Life is facing tough times. "The challenging operating environment within the life insurance industry has resulted in a decline in the carrying value of NAB's 20% investment in MLC Life since September 2019," NAB said. "This has ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
Latest Rice Warner analysis shows the COVID-19 crisis is hitting an already suffering life insurance industry, hard. To survive, the industry will need to change. New analysis from research house Rice Warner reveals the life insurance sector will be ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... added that TAL supported the introduction of changes to reduce unnecessary erosion of super balances. "The life insurance industry made these likely outcomes clear in relation to other aspects of the new legislation, which would fundamentally alter the ...

Insurers halt some virus cover

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... identified and assessed through our normal underwriting process. This is consistent with how most of the life insurance industry has responded to the COVID-19 situation so far." MLC Life said there are no additional exclusions on new customers due to ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
Law firm Maurice Blackburn has called out the life insurance industry, saying insurers breached their Code of Practice hundreds of times in just six months. The Life Code Compliance Committee (LCCC) conducted an investigation and found many insurers ...

TAL executive jumps to MLC Life

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2020
... professional, Kent's experience will be instrumental as we adapt to the ongoing structural challenges facing the life insurance industry and deliver on the promises we make to our customers and business partners." "Kent will also play a key role in maintaining ...