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Showing 81 - 90 of 1956 results for "Insurer"

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
Treasury has released an updated statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... competition or negatively impact the competitive environment for customers. He argued that operating Suncorp as a pureplay insurer would deliver significant public benefits to Queensland and Australia.

Count completes Affinia acquisition

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... providing them with the confidence to look ahead." TAL group chief executive and managing director Brett Clark added the insurer is proud of the strong business Affinia has grown to be. "We wish their advisers and the entire Count team success in the ...

Farewell Michael Harrison

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2023
... Harrison was tasked with reinventing Zurich's Australian life insurance business; it is now the third-largest life insurer in Australia, according to Plan for Life data. Most recently, Harrison served as chair of Synchron, a role he took up in 2011 ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... seen internationally, sometimes crises occur and we need to be prepared," Lonsdale said. "In the unlikely event a bank, insurer or superannuation fund got into difficulty, it would need to ensure it could recover or exit from the market in an orderly ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... $10 million, in addition to $12 million in remediation, for failing to pay promised rehabilitation benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations Act, and ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
The regulator has started civil proceedings in the Federal Court against the insurer after alleging it issued three types of insurance policies containing unfair and misleading contract terms. ASIC said the case involves standard form contracts issued ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... not take insurance premium increases lightly and we have sought to negotiate the best possible outcome with our group insurer. The cost of insurance cover is linked to the claims paid to our members, which means that, from time-to-time, we need to adjust ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... intended for." However, this particular recommendation will not and should not apply to an employee of a superannuation fund, insurer or bank, she insisted. "What does make sense is to require them to do what their customers want and expect - to give ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
According to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives ...