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LIFE/RISK
INDUSTRY NEWS
Life insurers in search of new business need to curb irrational practices and income protection benefit periods should be shortened to reduce premium increases, according...
INDUSTRY NEWS
The industry needs to work together to move clients in closed income protection insurance products to more sustainable products and to manage the inforce book, according ...
INDUSTRY NEWS
Despite specialist risk advisers unable to currently grow their businesses, the need for life insurance is emphatic and new advice models will help their future, accordin...
INDUSTRY NEWS
Colonial First State will reduce insurance premiums on its FirstChoice Employer Super, Essential Super, FirstChoice Personal and FirstChoice Wholesale Personal products d...
INDUSTRY NEWS
While investment market performance boosted the industry’s financial performance to $1 billion in FY21, individual disability income insurance continued to report losses....
INDUSTRY NEWS
Risk specialist advisers will have a tough time growing new business as the life insurance market continues to shrink and the cost of advice continues to rise....
INDUSTRY NEWS
Only half of Australian institutional investors say engaging on environmental issues such as climate change or the use of fossil fuels are the most important stewardship ...
INDUSTRY NEWS
The prudential regulator is collecting more granular data on insurance premiums given the deteriorating experience in individual disability income insurance. ...
INDUSTRY NEWS
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...
INDUSTRY NEWS
The Financial Services Council has released the second draft of the life insurance code of practice for public consultation. ...
INDUSTRY NEWS
The sale of Westpac Life Insurance Services sees the bank’s exit manufacturing life insurance products and would release capital back to the bank. ...
INDUSTRY NEWS
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...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...