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Showing 61 - 70 of 705 results for "Life insurer"

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
Breaches of the Life Insurance Code of Practice (the Code) increased for a fourth consecutive year, with life insurers reporting 14,670 instances of non-compliance, a 19% increase from the previous period. The Code, the industry's north star for good ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
The total cost to keep APRA's enforcement activity going is set to be $243 million in the 2026 financial year, with the superannuation industry taking up about 30% of this amount. Super funds have been allocated $72.9 million to fund APRA's operations ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
The long-awaited Tranche 2 of the Delivering Better Financial Outcomes draft package has been released, switching Statements of Advice for Client Advice Records and clarifying what topics super funds can collectively charge for. However, some elements ...

ART appoints insurance chief

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
... Rose, who left to pursue other opportunities. In his previous role as head of insurance solutions and insights at the life insurer, Finney oversaw product design, pricing, data management and actuarial while leveraging data analytics to inform key decisions. ...

Financial services chips away at gender pay gap: WGEA

KARREN VERGARA  |  TUESDAY, 4 MAR 2025
The financial services sector made a fractional improvement on its gender pay disparity, reporting a 22.2% gap on a median and average basis, the latest Workplace Gender Equality Agency's (WGEA) report shows. The 2024 financial year shows that financial ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... price tumble in November last year, which saw it tank by more than 30% overnight. Despite the unusual quarter, the life insurer noted the front end of the business continues to "drive strong momentum". "The FY26 gross premium target has been updated ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... changes is calculating the illiquidity premium in LPS 112 Capital Adequacy: Measurement of Capital. "This would lower life insurer capital requirements for annuity products, provided certain risk controls are in place," APRA said. At its July 2024 life ...

TAL taps ex-CBA deputy as chair

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... future, for the benefit of all stakeholders," Cohen said. Annette King, meanwhile, was announced to have joined the life insurer's board last year, as an independent non-executive director. She also serves as a non-executive director at HCF Australia ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... to the policy or to transact on the policy sits solely with the legal policy owner, there is often more that the life insurer would like to do, but cannot," Griffin explained. "This is why it is so important for life insurers to be able to detect situations ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
The industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September ...