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Insurance
Insurance
Member communication required to be sent out by underperforming funds doesn’t take into consideration the full product and could lead to members losing appropriate insura...
Insurance
New business premiums for individual disability income insurance will drop 15% due to the prudential regulator’s product intervention measures, according to DEXX&R projec...
Insurance
The prudential regulator is collecting more granular data on insurance premiums given the deteriorating experience in individual disability income insurance....
Insurance
The Financial Services Council has released the second draft of the life insurance code of practice for public consultation. ...
Insurance
The council has proposed to prohibit terms in MySuper group life policies that could cause a claim to be declined in default group life insurance in superannuation on the...
Insurance
For the industry to solve concerns over insurance tied to stapled funds, it must address two different elements to the issue, according to MLC Life. ...
Insurance
The sale of Westpac Life Insurance Services sees the bank’s exit manufacturing life insurance products and would release capital back to the bank....
Insurance
The life insurer’s board has assessed that it will “not be appropriate” to repay JobKeeper funds after its 2020 calendar year net profit declined $4.6 million from the pr...
Insurance
Insurance holders are feeling misled by 100% premium increases in ‘level’ policies but it is “tricky” to find an alternative label, according to the Australian Financial ...
Insurance
Superannuation trustees have more work to do with their insurer to improve restrictive definitions, claims handling, and insurance data, according to the corporate regula...
Insurance
There is “still a lot work to do” for life insurers regarding step premiums as the Australian Financial Complaints Authority reveals it is the most-frequent insurance iss...
Insurance
The Institute of Public Accountants, The Tax Institute and Chartered Accountants Australia and New Zealand have cautioned the ruling will have far-reaching consequences f...
Insurance
The two entities have decided not to combine after reaching an impasse with the US Department of Justice. ...
Insurance
Life insurance and group insurance inside superannuation will be exempt from the Government’s deferred sales model....
Insurance
The Association of Superannuation Funds of Australia, Australian Institute of Superannuation Trustees and the Financial Services Council have updated the code, but it has...
Insurance
The life insurer will consider repaying the $2.4 million it received in JobKeeper payments to keep staff members as its profits did not fall last calendar year after bein...
Insurance
Total in-force group risk premiums increased by 2.9% to $6.6 billion over the 12 months to March 2021, according to data. ...
