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Showing 1 - 10 of 455 results for "Group Insurance"

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... through injury or illness which is increasingly common in today's environment." Meanwhile, MLC Life Insurance chief group insurance officer Mark Puli said Australians revealed a clear preference for income stream alternatives to lump sum payments in ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
The Association of Superannuation Funds of Australia (ASFA) has reported a sharp decline in group insurance coverage, pointing the finger at recent reforms. ASFA research indicates that the implementation of the Protecting Your Super (PYS) and Putting ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... fund, Rest has at all times focussed on the best financial interests of members," the spokesperson said. "Rest's group insurance cover is and has always been designed to meet the needs of our members." Rest's spokesperson added that offering default ...

AIA adds to C-suite lineup

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... achieving high performance." According to recent data from APRA and ASIC, AIA is the second largest player in the group insurance sector in Australia. It has a 29.5% market share, providing life insurance to 2.35 million policyholders and collecting ...

AMP names new group insurer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... the life insurance unit for $3 billion. According to data from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL has a 40.4% market share that insures 3.9 million lives with annual premiums totalling $830 million. ...

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
... the measures taken following APRA's directive to the life and superannuation industries, which necessitated that group insurance offerings be sustainably designed and priced while also providing meaningful outcomes for members. The survey responses highlighted ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... total amount of cover for an individual - including that being applied for and any other existing cover, like group insurance, met certain thresholds. For instance, insurers can use results where the total amount of lump sum death cover is greater than ...

TAL makes leadership changes

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... confidence. Oliver joined TAL in 2001 as finance manager and rose the ranks to lead different areas such as finance and group insurance. She has been the chief claims officer since June 2019 and will continue to manage the unit while TAL recruits for ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
... fleeing the industry. The latest data from Plan For Life shows that TAL continues to hold the lion's share of the group insurance and retail market. The group insurance sector saw a 3.7% year-on-year increase in inflows, with Zurich reporting the highest ...

AIA welcomes new group partnerships lead

JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... also previously worked with Roy Morgan, OnePath and Allianz. In the new role, Stavliotis will report to AIA chief group insurance officer Anthony Clough, who said: "George Stavliotis has extensive background in client management, both at reinsurers and ...
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