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Showing 1 - 10 of 10 results for "ISWG"

ANZ adopts life insurance code

KARREN VERGARA  |  TUESDAY, 20 FEB 2018
... decreasing when they will less likely need it, he said. ANZ has worked with the Insurance in Superannuation Working Group (ISWG), the body tasked with establishing and championing the code, over the last 18 months to support industry-wide adoption. ISWG ...

Industry split on life insurance cover: Poll

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... disability (TPD) protection. In releasing its voluntary code of conduct today, the Insurance in Superannuation Working Group (ISWG) said it is making the process of applying, reducing, increasing and cancelling members' cover at any time much more straight-forward ...

Super life code released

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... which you may be unable to claim. If we identify that you have other insurance cover, we will let you know," it said. The ISWG is also hoping life insurance remains affordable by ensuring the level of cover does not exceed 1% of a member's salary. Trustees ...

Group insurance premium arrangements unclear: ISWG

KARREN VERGARA  |  MONDAY, 4 SEP 2017
... being made to third parties, which can arise from trustees with an incentive to deny claims in order to maximise rebates. ISWG chair Jim Minto said: "Given the public interest in these mechanisms, it is very appropriate arrangements are formalised consistently ...

Effective data management key to engagement: ISWG

EMMA RAPAPORT  |  FRIDAY, 28 JUL 2017
... effectively price insurance by reducing the unknowns and assumptions which, in turn, should lead to better outcomes for members." ISWG chairman Jim Minto added that improved data sharing would help members make better decisions about insurance, and also ...

Super insurance must be standardised: ISWG

KARREN VERGARA  |  FRIDAY, 5 MAY 2017
... financial literacy sources such ASIC's MoneySmart and the Insurance Council of Australia's Understand Insurance websites, the ISWG suggested the establishment of a standalone member education website helping them select products that suit their needs. ...

Life insurance claims handling must improve: ISWG

JAMIE WILLIAMSON  |  FRIDAY, 7 APR 2017
... differing priorities and more needs to be done to ensure faster claims processes, clarity of timeframes and expectations. ISWG chair Jim Minto acknowledged the majority of life insurance claims are handled well, but said there is scope for improvement ...

Proactive group releases life insurance guidance

EMMA RAPAPORT  |  MONDAY, 13 MAR 2017
... representative bodies - recently recognised the need to reduce the erosion of member account balances through group life insurance. ISWG chairman Jim Minto said too many people have multiple superannuation accounts and while insurance benefits are valuable ...

Super industry accepts group insurance needs work

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... balances through group life insurance. This recognition comes from the newly-formed Insurance in Superannuation Working Group (ISWG), which has an overall aim to develop a Code of Practice/Conduct for life insurance in superannuation and develop new ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... standard of group insurance, arguing that it's vital in protecting Australians who are unable to afford individual cover. ISWG will focus on improving cost impacts on account balances for consumers; addressing multiple default insurance policies; providing ...
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