Insurance & Property Investment News Australia

Money Management Original

ASIC urged to review life insurers’ use of blanket exclusions

Life insurers which use blanket exclusions on the basis of mental health should be subject to a regulatory review

9 November

Industry news

AMP exits life insurance with Resolution Life divestment

AMP will close its involvement in life insurance in Australia and New Zealand with the divestment of its equity

3 November

Demand for risk clients remained high from financial planners despite LIF, and most of the demand was for book sizes of $150,000 to $500,000.

Industry news

Claim rate higher for advised clients

The claim admittance rate for advice individuals for disability income insurance was at 95% compared to 89% for

20 October

The National Australia Bank has emphasised to a key Senate Committee the degree to which it has exited the life insurance business.

Money Management Original

TPD to be next issue to watch for insurers

Total and permanent disability products are next on the list for insurers to look at to ensure they do not become

19 October

Industry news

Clients hang on to old IDII products

Disability income product clients are choosing to hang on to existing policies at a higher rate than previously,

19 October

Money Management Original

Will vertical integration make a comeback?

With risk advisers leaving in droves DEXX&R believes there is opportunity for life insurers to set up their

18 October

Industry news

FSC to ban occupational exclusions

Financial Services Council superannuation and life insurance members will be prohibited from the use of exclusions

11 October

Industry news

Complaints data further highlight income protection issues

Income protection complaints accounted for the most complaints in regards to life insurance during FY2020-21,

8 October

AXA Investment Management is pushing the view that investors can learn from the insurance sector’s approach to target return strategies.

Money Management Original

Risk advisers need to make clear insurance expectations

Risk advisers need to ensure their clients know that level premiums are not a guarantee and what to expect when

27 September

Money Management Original

Life insurers ‘irrational’ practices need to stop

Life insurers in search of new business need to curb irrational practices and income protection benefit periods

24 September

Money Management Original

IP premiums continue to increase but new products to help

The industry needs to work together to move clients in closed income protection insurance products to more

23 September

Money Management Original

Risk specialists future is positive: Zurich

Despite specialist risk advisers unable to currently grow their businesses, the need for life insurance is

23 September

financial markets

Market Insights

Billybob

Yet to meet a good financial link adviser

ASIC bans Melbourne-based adviser for three years1 day 9 hours ago

New Entrant

Kaplan is the Red Rooster of education providers. The quality of their units is far below those...

Kaplan offers second Women in Finance scholarships1 day 11 hours ago

Same Sh*t Same Smell

Good idea Vanguard... bring in more useless categories to reduce professionalism and confuse the...

Is excessive regulation stemming advice innovation?1 day 12 hours ago

Life/Risk

ASIC urged to review life insurers’ use of blanket exclusions

AMP exits life insurance with Resolution Life divestment

Claim rate higher for advised clients

TPD to be next issue to watch for insurers

Clients hang on to old IDII products

Will vertical integration make a comeback?

FSC to ban occupational exclusions

Complaints data further highlight income protection issues

Risk advisers need to make clear insurance expectations

Life insurers ‘irrational’ practices need to stop

IP premiums continue to increase but new products to help

Risk specialists future is positive: Zurich

Billybob

New Entrant

Same Sh*t Same Smell

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Billybob

New Entrant

Same Sh*t Same Smell