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Showing 71 - 80 of 1213 results for "Insurers"

CALI launches review of Life Code

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
The Council of Australian Life Insurers (CALI) has appointed Peter Kell to lead an independent review of the Life Insurance Code of Practice (Life Code). The review will begin on 1 October 2025. The Life Code sets enforceable standards life insurers ...

Younger Aussies want personalised financial advice: CALI

MATTHEW WAI  |  TUESDAY, 22 JUL 2025
... young Australians want financial advice on life insurance, but only one in 10 receive it. The Council of Australian Life Insurers (CALI) said more Australians between the age of 18 and 34 are considering life insurance due to change in financial circumstances ...

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
More Australians are leaving work permanently due to mental ill health than ever before with insurers paying out over $2.2 billion in mental health claims last year, according to new data from the Council of Australian Life Insurers (CALI). CALI said ...

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... said it led detailed collaboration and consultation with the superannuation sector on the new standard, involving funds, insurers, administrators and other industry associations the Super Members Council, the Council of Australian Life Insurers and the ...

APRA acknowledges need to reduce regulatory burden

JAMIE WILLIAMSON  |  THURSDAY, 26 JUN 2025
... there is too little benefit to the industry for the level of burden. Super trustees rated the balance at 71%, while life insurers put it at just 63%. More positively, 93% of respondents said APRA's supervision enhanced the financial and operational strength ...

Bentham adds to distribution team

ELIZABETH FRY  |  THURSDAY, 12 JUN 2025
... institutional asset management, including senior roles at Lazard Asset Management and Schroders working with pension funds, insurers and government clients. He previously held senior distribution and relationship management roles at Lazard Asset Management ...

APRA plans to remove 'unnecessary obstacles' for longevity products

ANDREW MCKEAN  |  THURSDAY, 12 JUN 2025
... otherwise be." Second, the framework is "insufficiently risk sensitive" and may "exacerbate procyclicality" by requiring life insurers to liquidate assets during a market downturn. APRA has subsequently proposed to redesign the illiquidity premium in ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
... stability." However, all life companies have now adopted the new premium labels developed by the Council of Australian Life Insurers - 'variable premium' replaces 'level premium' and 'variable age-stepped premium' replaces 'stepped premium'. "These new ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... best deals. "We allege Choosi misled thousands of consumers into thinking they were comparing options from a range of insurers. We will contend people were led to believe they were making a sensible decision by comparing policies; however, they were ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
... figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 quarter. Life insurers managed to turn the $15 million after-tax loss into $332 million in net profit, partly driven by positive insurance service ...