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Showing 71 - 80 of 219 results for "Life Insurance Industry"

Insurers halt some virus cover

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... identified and assessed through our normal underwriting process. This is consistent with how most of the life insurance industry has responded to the COVID-19 situation so far." MLC Life said there are no additional exclusions on new customers due to ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
Law firm Maurice Blackburn has called out the life insurance industry, saying insurers breached their Code of Practice hundreds of times in just six months. The Life Code Compliance Committee (LCCC) conducted an investigation and found many insurers ...

TAL executive jumps to MLC Life

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2020
... professional, Kent's experience will be instrumental as we adapt to the ongoing structural challenges facing the life insurance industry and deliver on the promises we make to our customers and business partners." "Kent will also play a key role in maintaining ...

AIA income protection premiums jump

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... owner Nippon Life reported to the Tokyo stock exchange that deteriorating conditions in the Australian life insurance industry are to blame for challenges facing MLC. The international insurer specifically pointed to income protection products as having ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... in how a PDS functions. The insights explained that prior to the Superannuation Guarantee in 1992, the life insurance industry dominated the provision of long-term savings. "The life companies paid upfront commissions to salespeople for procuring business ...

Major life insurers continue to suffer

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
The hits keep coming for Australia's life insurance industry, with new data showing total risk premiums inflows dropped by more than $790 million in the 12 months to September 2019, as major players endured another tough year. Australia's life insurance ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... Prudential Regulation Authority released its look-back at 2019, making special mention of tough times for the life insurance industry and questioning its sustainability. "Australia's life insurance sector faced deteriorating conditions over 2019," APRA ...

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
Australia's life insurance industry is facing deteriorating profitability in relation to income protection products, according to MLC Life Insurance owner Nippon Life. The Japan-based majority shareholder of MLC Life purchased the business off National ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... within recent times. "The last two years have been a period of considerable challenge for the Australian life insurance industry," Blight-Johnston said. "Customers and the public are increasingly asking questions about the value the industry provides. ...

Mental health costs insurers $750m per year

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... industries. "We have substantive costs that by and large can be prevented if we are all thriving. The life insurance industry is paying out $750 million per year for primary cause of claim being mental health," Lydon said. "The other element for super ...