Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 691 - 700 of 1245 results for "Insurers"

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
... restrictions of surveillance and greater levels of consumer communications transparency. Should non-compliance occur, insurers will incur what the FSC described as 'strong sanctions'. These could consist of a formal warning, a compliance audit, written ...

Super funds fight for financial inclusion

EMMA RAPAPORT  |  FRIDAY, 23 JUN 2017
... organisations to sign up to the FIAP program are Australian Ethical Investment, fintech Money Brilliant, and banks and insurers ANZ, CBA, NAB, Westpac, Australian Unity, and Bank Australia.

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... insurance without the life insurer's approval, indicates serious deficiencies with its compliance." "We have put all insurers in this market on notice that they need to change their practices and ensure they are properly considering the interests of ...

The changing face of underwriting

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2017
... life distribution Olivia Sarah-Le Lacheur said CommInsure is interested to see what comes from trials being done by US insurers of the Lapetus technology. Despite upgrades, even more advanced solutions continue to be sought. Dent believes the next natural ...

HESTA appoints new insurer

DARREN SNYDER  |  FRIDAY, 26 MAY 2017
... best interests and wellbeing of HESTA members." She said HESTA will continue to work closely with its current and prior insurers to ensure members receive everything that they are entitled to under the relevant insurance policy when they are making a ...

Insurance giant partners to combine life and health

ALEX BURKE  |  WEDNESDAY, 24 MAY 2017
One of Australia's largest life insurers is entering a joint venture with a not-for-profit health fund and a financial services provider to launch a new combined life and health insurance brand. AIA Australia is joining forces with health fund GMHBA ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... to improve bottom line performance in the 12 months to March, according the latest APRA performance statistics. Life insurers' total revenue of $37.9 billion was driven mainly by investments in equities, property and debt securities of $19 billion; followed ...

Super funds adopting insurers' investment strategies

KARREN VERGARA  |  TUESDAY, 23 MAY 2017
... is a shift from beating the benchmark to focusing on longer-term outcomes-based objectives - strategies fundamental to insurers. Australian super funds should be asking themselves, 'how do I take that successful investment strategy in the accumulation ...

Reporting overhaul to hit insurer profits

KARREN VERGARA  |  MONDAY, 22 MAY 2017
More than 450 listed insurers' bottom lines will be significantly affected by a new global accounting standard overhauling how premiums and claims are reported. Under new international accounting standard IFRS 17 Insurance Contracts, a life insurance ...

Insurance counteracting ageing population risks

KARREN VERGARA  |  FRIDAY, 19 MAY 2017
... find the insurer will not regularly engage with them unless a claim is being made. The future of the industry will mean insurers forming stronger relationships with customers, helping them improve their health - and reward them for that - thereby improving ...