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Showing 1 - 10 of 41 results for %22Life Insurance Summit%22

Aware Super commits $10bn investment from new London base

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... into sectors like real estate, infrastructure, and private equity, focusing on the energy transition, affordable housing, life sciences, technology, and digital infrastructure. "We are thrilled to announce our commitment to the UK, one of the world's ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... response to failed promises and is reminiscent of some of the conduct seen during the Royal Commission. Recently, MLC Life Insurance was hit with a $10 million fee for misleading customers and failing to provide benefits. The life insurer was penalised ...

Actuaries Institute devises director skills checklist

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... stressed that two core capabilities in insurance - claims management and underwriting - are lacking on the boards of major life insurers, likely leading to poor claims experience. "Irrespective of their domain skills, directors need to have the capability ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... their act together and provide a solution by the end of the year - or else face another scenario similar to the Life Insurance Framework. "The Life Insurance Framework came about because the industry could not commit to unified action when we were being ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... commissions are an acceptable form of remuneration," Hume told yesterday's Financial Services Council Life Insurance Summit. "I recognise that a flat fee charged for advice can be a challenging business proposition." In the same breadth, Hume announced ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... women's economic security Jane Hume announced this morning. Speaking at the annual Financial Services Council Life Insurance Summit, Hume highlighted areas that overlap across the two reviews that prompted the move. Under Treasury's new remit, it ...

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... to dictate who can and can't access mental health treatment through their funding programs. Calls from the life insurance industry for regulatory freedom to allow life companies to be able to fund mental health treatment rather than paying out claims ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
... the growth and sustainability of the industry. Speaking at the Financial Services Council's (FSC) 2020 Life Insurance Summit, APRA general manager of life insurance Suzanne Johnson, RGA Australia managing director Mark Stewart, Zurich Life and Investments ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance Summit has heard. KPMG, on behalf of the Financial Services Council (FSC), revealed there was more than $12 billion in claims ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
At the Financial Services Council Life Insurance Summit, the heads of financial advice industry associations admitted to being blindsided by APRA's intervention on individual disability income insurance. Association of Financial Advisers chief executive ...
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