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Showing 51 - 60 of 2299 results for "Life insurance"

Insurers' approaches reinforcing mental health stigma: Life CCC

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
The Life Insurance Code Compliance Committee (Life CCC) has found many insurers are still using blanket mental health exclusions despite being required to assess customers' individual circumstances. Releasing its report on life insurers' compliance ...

Life insurers double earnings in FY25

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... billion, which were relatively stable over the quarter and much of the past 12 months. APRA began shaking up some life insurance products five years ago, saying that IDII had accumulated losses of more than $3 billion at the time. APRA's intervention ...

Allianz Retire+ streamlines business, trims workforce

KARREN VERGARA  |  TUESDAY, 26 AUG 2025
... comment on how many roles were affected, it is understood it is less than 20% of the workforce. "Allianz Australia Life Insurance Limited (AA Life) recently announced a number of changes to its operating model, reinforcing its commitment to the Australian ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... practices that have placed doubt on their compliance obligations and put consumer outcomes at risk. While some life insurance firms have improved since ASIC's 2018 review into direct sale practices, "notable deficiencies" remain, the regulator expressed ...

HSBC awarded Allianz Australia mandate

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
HSBC has been appointed global custodian and fund administrator for the general and life insurance businesses of Allianz operating in Australia. Allianz Australia selected HSBC after a competitive tender which was designed to identify a securities services ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... against Commonwealth Financial Planning (CFP), Financial Wisdom (FWL) and CMLA in August 2020 relating to CMLA life insurance policies recommended by financial advisers appointed by CFP and FWL. A court ordered mediation is due to take place on November ...

NGS Super aligns leadership team for growth

MATTHEW WAI  |  MONDAY, 11 AUG 2025
... titles. Fotine Kotsilas has become NGS Super's chief risk officer, bringing over 25 years of experience across life insurance, general insurance, superannuation and workers' compensation. Kotsilas replaces Philippa Minney who has shifted into the role ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
... licence conditions on KeyInvest over risk framework flaws and questionable long-term objectives. KeyInvest is a life insurance company and friendly society that primarily offers funeral bonds. Following an independent review, APRA has identified shortcomings ...

CALI launches review of Life Code

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
The Council of Australian Life Insurers (CALI) has appointed Peter Kell to lead an independent review of the Life Insurance Code of Practice (Life Code). The review will begin on 1 October 2025. The Life Code sets enforceable standards life insurers ...

Acenda Group names finance, risk leads

KARREN VERGARA  |  MONDAY, 28 JUL 2025
... Australia and New Zealand," Dunn said. De Bruin commented that their "combined experience across financial services and life insurance, as well as their strong leadership capabilities will benefit Acenda as we lead the merged organisation through this ...