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Pandemic batters life insurers
KARREN VERGARA  |  THURSDAY, 15 OCT 2020
The coronavirus pandemic has wiped out $1.4 billion from the books of life insurers and triggered a spike in claims, according to new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. ...
ClearView pushes ahead with SFT
KARREN VERGARA  |  FRIDAY, 9 OCT 2020
The ASX-listed wealth and insurance company will complete the successor fund transfer of its risk-only superannuation products to HUB24, which is scheduled to take effect on October 31. ClearView will move its clients from its LifeSolutions Super and ...
Official recession not that scary: Economists
ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... The focus should now be on lifting confidence in the economy, according to the Australian Chamber of Commerce and Industry (ACCI). "[The] release of the June quarter National Accounts is a stark reminder that imposing severe restrictions on households ...
Life insurance needs to prove value
ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
Life insurance claims paid out billions of dollars to Australians last year. However, the industry needs to focus on creating awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance ...
FSC reveals life insurance data
ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
Cancer is still the biggest killer of both men and women, while women are more likely to claim income protection for mental health reasons, according to the Financial Services Council. The FSC said it is using Life Insurance Awareness week as an opportunity ...
Life insurers fork out more for mental health
HARRISON WORLEY  |  MONDAY, 22 JUN 2020
Life insurers are continuing to pay out more for mental health related claims, as Australians take longer to return to work, according to new analysis. The latest edition of KPMG and the Financial Services Council's five year study on life insurance ...
Business leaders recognised
ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... of the New South Wales Business Chamber (NSWBC), and also a director of the Australian Chamber of Commerce and Industry (ACCI), Industry Super Australia and Campaign for Small Business. The list also included a number of politicians including former ...
Insurtech investments down 54% in March quarter
KANIKA SOOD  |  THURSDAY, 7 MAY 2020
Life insurance startups saw their share of total and early-stage funding to insurtechs shrink, as total investment in the sector dropped in the March quarter. Insurtechs attracted US$912 million in the first quarter across the globe but the deal activity ...
ClearView restructures pricing as life sector struggles
HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
The tough times in Australia's life insurance sector have forced the provider to overhaul its pricing. ClearView has revised its pricing across its Life Solutions stepped and hybrid income protection products, as the insurer battles to remain profitable ...
Consumers trust Google over advisers: NobleOak
ALLY SELBY  |  TUESDAY, 25 FEB 2020
New research by independent life insurer NobleOak has found close to half of all consumers are turning to the internet over advisers for guidance on their financial goals and needs. It points to the digital revolution and fallout from the Royal Commission ...
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