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Showing 731 - 740 of 1244 results for "Insurers"

Life insurance revenues down

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2016
The total assets held by life insurers has dropped 23.2% over the past twelve months, as demonstrated by APRA's latest life insurance performance statistics. APRA's report for the September quarter shows total assets fell from $293.5 billion to $225.5 ...

Insurers to battle big data privacy concerns

ALEX BURKE  |  TUESDAY, 15 NOV 2016
While big data presents a boon for insurers doing customer risk analysis, the benefits will have to be weighed against ongoing user privacy and discrimination issues. This is one of the key findings of the Actuaries Institutes' latest green paper, which ...

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
Superannuation trustees and life insurers will be bound by new life insurance standards emerging from an industry leadership group aiming to benchmark best practice. The Superannuation Industry Working Group is a new collaboration between the Australian ...

NobleOak Life offerings recognised for excellence

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2016
... combine all types of cover together in one package, called Omnibus policies. "The exciting new concept of 'wellness', where insurers reward healthier customers with premium discounts and claim benefits, will undoubtedly assist in improving the quality ...

Tobacco and super funds must split

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2016
... than 100 financial organisations globally and having discussions with a large number of other local super funds, banks, insurers and fund managers. Altius Asset Management is among the supporters, having established the Altius Sustainable Bond Fund in ...

Cooper defends BT life insurance figures

ALEX BURKE  |  MONDAY, 17 OCT 2016
... ASIC came out with its review of life insurance claims, finding "considerable variation" in denied claims across life insurers. The regulator did not identify the companies responsible for specific figures, partly because, as ASIC deputy chair Peter ...

Fidelity names Australian MD

DARREN SNYDER  |  MONDAY, 17 OCT 2016
... clients ranging from pension funds, central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. The firm's investment administration business is also responsible for US$80 billion ...

ASIC finds life claim rates wildly inconsistent

ALEX BURKE  |  WEDNESDAY, 12 OCT 2016
ASIC has found a "considerable variation" in denied claims across life insurers, with TPD denial rates as high as 37% in one instance. The regulator has issued its industry review of life insurance claims, and found that while the majority (90%) of ...

Bank life risk businesses lose market share

MARK SMITH  |  WEDNESDAY, 12 OCT 2016
Bank-owned insurers including CommInsure and NAB/MLC have lost some of their share of the life insurance risk market to the likes of TAL and AIA owing to significant falls in the sale of new premiums, the latest data from Strategic Insight shows. Numbers ...

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
... Life Insurance Code of Practice is a missed opportunity to fix serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday, but Slater and Gordon said its misses the mark. ...