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

Search Results

Showing 771 - 780 of 1245 results for "Insurers"

Life insurers paid $6.9bn in claims in 2015

MARK SMITH  |  WEDNESDAY, 11 MAY 2016
... CommInsure, Hannover, Macquarie, MetLife, MLC, OnePath, TAL and Zurich. They do not include the 14 other non-mainstream life insurers. Almost $2.9 billion was paid out in term insurance claims, $1.7 billion in income protection/BEX insurance, just under ...

Three Aus funds awarded AAA climate rating

KERRIE SYDEE  |  MONDAY, 2 MAY 2016
... world to receive the AAA rating. The AODP global benchmark rates the world's 500 biggest asset owners - pension funds, insurers, sovereign wealth funds, foundations and endowments with a total of $US37 trillion assets under management (AUM) - on their ...

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
... profitability has been driven by the mispricing of risk, particularly from 'higher than expected' TPD claims from group risk insurers and individual disability insurance. APRA noted that underwriting and pricing practices in both the life insurance and ...

FICAP marks 10th anniversary with record fundraising

MICHELLE BALTAZAR  |  THURSDAY, 17 MAR 2016
... and now the RockStar event unites every player in the industry - platform providers, fund managers, asset consultants, insurers, advisers - under one roof. All in the name of charity and a bit of Rock n' Roll. Video and photos from the night will be ...

New insurance industry guidance on its way

DARREN SNYDER  |  THURSDAY, 17 MAR 2016
... sellers and nowadays we don't have many buyers, although we used to. We don't think that's going to change." He said insurers were now spending significant money to tender for just about every fund, in the hundreds of thousands of dollars. He said insurers ...

Risk sales were flat in 2015

ALEX BURKE  |  TUESDAY, 15 MAR 2016
... The group risk sector, however, reported an increase in business by 14% to $6 billion in 2015, with all of the top ten insurers in the industry reporting an increase in sales.

CommInsure portfolio exec leaves for MetLife

ALEX BURKE  |  THURSDAY, 10 MAR 2016
... Australia's group insurance sector which APRA recently reported as contributing $130 million in net profit after tax to insurers. The group sector is, however, currently facing concerns about rising group insurance premiums due to a rise in claims. However ...

FSC defends industry self-regulation

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
... extensive public consultation with industry stakeholders, consumer groups and regulators. "The Code will commit life insurers to strong standards of customer service, and will enhance consumer protections in the key areas of underwriting and claims." ...

BT awarded Life Company of the Year

DARREN SNYDER  |  FRIDAY, 4 MAR 2016
... in force arranged with the help of financial advisers. "Australians are best served when financial advisers and life insurers are working constructively to provide personal life insurance solutions to consumers. The PFL/AFA Life Company of the Year Awards ...

Life insurance profits leap 31pct

MARK SMITH  |  TUESDAY, 16 FEB 2016
... come despite the fact that investment returns have dropped and following a period of rising group insurance premiums as insurers have warned about rising claims. Segregated by product type, net profit after tax for Risk products was $339 million in the ...