Insurance

Insurance

A Treasury review into exclusions in superannuation insurance could leave new workers in hazardous industry at risk if they are stapled to their previous insurance, accor...

Insurance

Premium increases for individual disability income insurance have been needed to improve the sustainability of that type of insurance, according to the prudential regulat...

Insurance

Agreed value individual disability income insurance contributed to significant sustainability issues in the life insurance market and insurers need to design flexible pro...

Insurance

From 1 July, a non-arm’s length capital gain made by a segregated current pension asset will be treated as non-arm’s length income and will be taxed at the highest margin...

Insurance

There is a risk of an increase of fees and comprising the independence of proxy advisers if reforms go ahead, according to Dimensional Fund Advisers. ...

Insurance

Exposure draft legislation to facilitate the identification of super assets in family law proceedings via information from the tax office has been released for consultati...

Insurance

Life insurers are not yet out of the woods on disability income insurance and should remain under scrutiny by the Australian Prudential Regulation Authority, according to...

Insurance

The life insurer supports the Government’s plan announced in the Budget to develop a streamlined mechanism to transfer life insurance customers from old legacy products t...

Insurance

The life insurer’s program has now been rolled out to Aware Super, Rest Super, LGIA Super, MyLife MyInsurance, NGS Super, Prime Super and TWUSUPER. ...

Insurance

The stapling proposal in the bill could undermine the available of insurance for workers in dangerous occupations, according to Cbus....

Insurance

The life insurance industry needs to go through a genuine transformation around customer and digital transformation, according to a panel....

Insurance

Stapling will be the biggest challenge to the group insurance model as super funds need to attract new members, according to a panel....

Insurance

New data released by the Australian Prudential Regulation Authority has confirmed the value delivered by life/risk advisers while pointing to the continuing problematic n...

Insurance

Despite insurance becoming more important due to COVID-19, Treasury has not progressed with legislating universal terms and conditions in insurance within super, accordin...

Insurance

If the current deterioration in group life insurance claims experience continues, superannuation members will be further affected by substantial increases in insurance pr...

Insurance

Life insurers are continuing to struggle, according to the latest data released by the Australian Prudential Regulation Authority covering the 2020 calendar year....

Insurance

Many superannuation members cannot differentiate valuable industry-appropriate insurance from junk insurance and stapling members to inappropriate insurance would be detr...

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