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Showing 81 - 90 of 1208 results for %22life insurer%22

Optimum Pensions urges super trustees to insure mortality risk

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... risk for trustees. Meanwhile, Orford explained that when insured against mortality risk, a manufacturer such as a life insurer or a super fund (although the latter is not allowed by APRA to carry its own mortality risk) can worry less about these risks. ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... literacy is potentially making the underinsurance problem worse and puts women further behind, according to MetLife. The life insurer looked at the impact of financial literacy on Australians' financial health and wellbeing in its annual Value of ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... would be "nonsensical and stupid" that their super fund should not be able to provide them with personal advice during their life to assist them. In the final proposals released in February, Levy recommended amending the Corporations Act to allow for ...

Summerhayes named Zurich chair

CHLOE WALKER  |  MONDAY, 30 JAN 2023
... impressive track record in financial services as former executive board member of APRA and as chief executive of Suncorp Life. He was also regional general manager at National Australia Bank (NAB) and chief executive of MLC Superannuation and Investments. ...

MLC Life Insurance welcomes new non-executive director

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... Insurance by Nippon Life. He has played a critical role in the transformation of MLC Life Insurance to a standalone life insurer and leaves us well placed for future success." Commenting on his appointment Stephen added, MLC Life Insurance is one of ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... insurers will also be impacted as they are also discounted at a higher rate, leading to a reduction in their value. As a result, life insurers experience unrealised losses on the bonds that they hold, which negatively impacts profitability, the regulator ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... AIA sells super investment business AIA is offloaded its $8 billion superannuation and investments business to Resolution Life. In an announcement made in February, AIA said the sale would allow the insurer to focus on its core business of life and health ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
ASIC has called life insurers to review the accuracy of their systems and controls for claims calculations and payments. This follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance ...