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Showing 741 - 750 of 1245 results for "Insurers"

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. ...

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
An independent committee will have the ability to sanction insurers who do not comply with a new set of standards laid out in an industry-wide Life Insurance Code of Practice produced by the Financial Services Council (FSC). The new code, released today ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
... basis, has significantly contributed to reducing underinsurance in Australia and that superannuation trustees and group insurers must co-operate in order to achieve the most sustainable benefits for members. The FSC's Life Insurance Code of Practice ...

Adviser reform about recovering social licence

MARK SMITH  |  THURSDAY, 6 OCT 2016
... changes was third with 12%, while 10% felt the LIF would not have any impact at all. Advisers also overwhelmingly said life insurers can come to the table to help them meet the challenges to their revenue. Most want to see simpler product with lower ...

NGS cuts ties with CommInsure

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
... Insurance solutions play a significant role in achieving this. We believe that TAL, as one of Australia's largest life insurers, has the expertise and capabilities to help us achieve this goal. We see a natural alignment with TAL to support our focus ...

Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
... insurance financial advice profession has been ignored. "Restricting the code to setting out best practice standards for insurers in relation to underwriting and claims management does not go far enough in addressing the cultural issues and sales practices ...

ClearView updates LifeSolutions suite, increases premiums

KERRIE SYDEE  |  MONDAY, 12 SEP 2016
... sustainable, nor is it equitable to subsidise income protection losses from other business segments. As a result, most life insurers have been increasing their income protection rates over the last 18 months. ClearView is not immune to the effects of ...

Insurers face significant asset risk charges from downgrade

KERRIE SYDEE  |  TUESDAY, 30 AUG 2016
Life and general insurers face the risk of higher asset charges if a sovereign downgrade occurs, according to senior portfolio manager- fixed income at Nikko Asset Management, Darren Langer. In July Standard and Poor's Global Ratings (S&P) revised the ...

MySuper insurance widely misunderstood

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2016
... scenario where permanent disablement has become evident," she added. Navarro pushed for consistency and clarity from all insurers as to every aspect of cover. "There's no point having cheap group insurance with AAL's and defaults when, at time of claim ...

Risk advice revenue falls 7pc in 2016

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... and planners intend to continue adjusting their business models in this way if the reforms are implemented," Choi said. Insurers will need to take a more active approach when it comes to promoting their competitiveness and maintaining relationships ...