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Showing 51 - 60 of 219 results for "Life Insurance Industry"

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... reviews." The spokesperson said AMP Life is committed to aligning itself with APRA's directive that the life insurance industry should offer more sustainable, financially resilient products. APRA said in January that the viability of some insurance ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... viewed in light of broader industry performance and the extreme market conditions this year. The material life insurance industry suffered losses of around $1.23 billion on income protection portfolios in the year to 30 June 2020. In addition, ClearView ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... year's capital-coverage ratio remaining consistent with the prior year at 1.8. Overall, Kells said the life insurance industry now faces additional significant challenges in responding to the impacts of the health crisis, while addressing serious ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review of the life insurance industry that is currently ongoing, that he is going in to any work involving the life insurance industry with a negative bias towards ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... Life said, and excludes funds that flow through unit trusts and master funds. Plan For Life analyses the life insurance industry using the statistic "premium inflows", which covers in force premiums as the end of the reporting period as well as single ...

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... All too often it is financial advisers that bear the brunt of these poor insurer practices." The retail life insurance industry has adopted these discounts to gain market share but the research demonstrates how over five to 20 years, policies with front ...

Wealthy Aussies panic buy life insurance

ANNABELLE DICKSON  |  MONDAY, 17 AUG 2020
... families." Despite the panic buying, 96% of wealth managers agree that customers have lost confidence in the life insurance industry as a result of the COVID-19 pandemic. "This is a worrying statistic - the reputation of insurers has taken a battering ...

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... dictate who can and can't access mental health treatment through their funding programs. Calls from the life insurance industry for regulatory freedom to allow life companies to be able to fund mental health treatment rather than paying out claims ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
... needs to be done." Similarly, Beer argued that - like many other mature industries around the world - the life insurance industry needed to change its business model. "For the last 20-30 years we have seen ourselves as a growing market; we were distribution ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... limited cover while full premiums are being charged are unacceptable," Mennen said. He acknowledged that the life insurance industry broadly is moving away from the ADL definition. But, he pointed out that introducing new policies with broader cover ...