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Showing 851 - 860 of 1245 results for "Insurers"

Insurance industry has trust issues

MARK SMITH  |  THURSDAY, 13 NOV 2014
... services company surveyed around 24,000 consumers from 30 countries. Australia recorded one of the lowest levels of trust in insurers at just 53% compared to a global average of 70%. The Australian results are on par with the UK and Germany, with only ...

Scale not what it used to be

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... much impact on a fund's insurance offer reinforces this, noting that due to a reassessment of claims experience by group insurers it is larger funds that have lead the premium price rises so far in 2014. Page said the irony emerging among some super ...

FEATURE: Risk at risk

JAMES FERNYHOUGH, LAURA MILLAN  |  FRIDAY, 7 NOV 2014
In the wake of the group insurance crisis, super funds are one-by-one renegotiating their contracts with their life insurers. As a result, premiums are rising significantly, in many cases bringing them in line with retail premiums. This is causing some ...

APRA releases group insurance best practice guide

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
... Regulation Authority (APRA) has released the final prudential practice guidelines providing guidance on good practices for insurers in relation to group insurance arrangements. The 12-page document, known as LPG 270, gives guidelines on risk management ...

Industry needs unified solution to insurance "failure": ASIC

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
Insurers and financial advisers must stop pointing fingers and create a unified response to address insurance sector failures, the Australian Securities and Investments Commissions (ASIC) deputy chair Peter Kell said "This needs a collective response ...

Group insurance consortiums 'inevitable': MetLife

JAMES FERNYHOUGH  |  THURSDAY, 23 OCT 2014
Group insurers must form consortiums if they want to continue to provide group cover to the growing 'mega-funds', according to MetLife head of distribution Michael Goodall. Speaking at an even hosted by the Australian Institute of Superannuation Trustees ...

AustSuper premium hike sees surprise member response

JAMES FERNYHOUGH  |  WEDNESDAY, 22 OCT 2014
... downside, Weatherhead said. As group premiums rise and retail premiums fall, engaged members who represent good risk to insurers may find they can get a better deal outside the fund. "There is a risk to the group insurance industry that good risks will ...

Cyber risks for local wealth sector

ALEX DUNNIN  |  WEDNESDAY, 15 OCT 2014
... US$6 million last year. While cyber insurance is an undeveloped part of the Australian risk market, several of the major insurers and brokers are already active in the space including Allianz, OAMPS, Chubb and CyberPlus. A statement on CyberPlus' website ...

AFA questions ASIC life report

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... Fox said that other industry participants should also take note of the report. "There is a bit to be answered for from insurers and product manufacturers as well," Fox said, adding that this is something that the working group will be looking at. Fox ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
... unacceptable level of failure, and the life insurance industry is now on notice to lift standards and professionalism. Both insurers and advice firms need to work on delivering a consistently better service for consumers," ASIC deputy chairman Peter ...