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Showing 811 - 820 of 2448 results for "Claims"

How it can all go wrong

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... as well, which lost about half a million dollars." Cribb said at his old licensee he had a clean compliance record and claims he had no adverse compliance events. He said this "gave me a false sense of security", when the advice he provided was in those ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... questions about the value the industry provides. At the same time, the profitability challenges driven by higher than expected claims payments across the industry are perhaps the greatest we have seen in a generation." Blight-Johnston - who joined the ...

Mental health costs insurers $750m per year

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... a higher willingness to talk about and seek help earlier. "What that has translating to is an increase in the number of claims; workers compensation as well as life insurers are both experiencing an up-tick in the number of mental illness related claims." ...

Flaws in Grattan SG research: Report

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... that higher SG contributions would automatically lead to lower wages and hence be self-defeating. "The research refutes claims made by some commentators and lobbyists that higher superannuation contributions would automatically lead to lower wages, and ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
Total and permanent disability insurance and the claims handling processes of insurers are well within ASIC's sights. Following the release of an ASIC review into TPD which found significant, industry wide problems with product design and claims handling ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... also risen, going up by 4.2%. First Super said the changes are the result of the Protecting Your Super legislation and claims experience. At the same time, the $3.1 billion fund has introduced a new rule on how many Transition to Retirement Allocated ...

Waiting periods cost 214% on premiums: Research

ELIZA BAVIN  |  FRIDAY, 15 NOV 2019
... sooner." Ross also highlighted the huge amount of money insurers are making when you compare total premiums against paid claims, excluding reserves for future claims. "The total premiums collected for the period ending June 2018 within superannuation ...

Life Company of the Year crowned

ELIZABETH MCARTHUR  |  FRIDAY, 15 NOV 2019
... recognised for service quality and best BDM team. BT Financial Group cleaned up in the Consumer Choice categories, with head of claims Neil Borthwick accepting six awards in total. BT won overall Consumer Choice Awards, value for money, most satisfied ...

Default insurance likely to go: Silk

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
... that insurance premiums were increasing across the industry as more Australians claim on their cover and less of those claims get denied. Silk said there had to be another way, because premiums could not continue to increase without detracting excessively ...

High claims acceptance among insurers: Report

ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
APRA and ASIC data has shown that 94% of life insurance claims from the major insurers were accepted over the year to June 2019, though with significance variance between cover types. The regulators have come together to publish data on life insurance ...