Insurance & Property Investment News Australia

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Industry news

TAL found guilty in ASIC Federal Court action

Big insurer, TAL has been found guilty in the Federal Court of breaching its duty of utmost good faith under the

10 March

Money Management Original

Life advisers must prove need for commissions

In a similar way to mortgage brokers, life/risk advisers are going to have to make their case if they want to

3 March

Industry news

Life Partners selects FINEOS platform

New Zealand life and health insurance provider Partners Life has chosen FINEOS as its new claims system.

25 February

The corporate regulator has found a lack of separation between research and corporate advisory activties during IPO processes, and warned firms may breaching financial services laws.

Money Management Original

Scaled advice not in best interests for life/risk

Scaled advice may reduce the cost of advice, but in the case of life/risk insurance, it may not adequately cover

17 February

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

Life/risk advisers are busy but less risk is being written

Just 18 months out from the Australian Securities and Investments Commission delivering its review of the Life

9 February

Money Management Original

APRA's grim assessment of the life insurance industry

The Australian Prudential Regulation Authority has used its 2020 Year in Review to point to the profitability

8 February

Money Management Original

Give advisers as much freedom as lawyers on insurance claims

Financial advisers should be granted as much leeway as lawyers in providing assistance with insurance claims,

5 February

Money Management Original

APRA's proposed new group insurance rules preclude sweetheart deals

Superannuation funds negotiating new group insurance arrangements will have to prove and certify that they are in

25 January

Industry news

LGIAsuper allows members to secure additional insurance

Members are now able to obtain more insurance cover without the need for underwriting.

25 January

Industry news

CommInsure policyholders to be notified of transfer to AIA

In the latest step of the acquisition, AIA Australia will notify CommInsure policyholders of their transfer to the

18 January

Industry news

Challenged MLC Life gets $650 million capital injection

Nippon Life and National Australia Bank have provided a $650 million capital injection to MLC Life with Nippon

4 January

CommInsure has appointed Deloitte to review past life insurance declined claims, while DLA Piper will examine ethical issues and policy definitions, medical file and record keeping.

Money Management Original

Suncorp denies problems but initiates ‘comprehensive insurance review’

Suncorp has denied the existence of entrenched problems with respect to its total and permanent disability

16 December

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Wonder Dog

Apparently, all you need to do is get an online following on Facebook to blather away about...

Double authorisations skew adviser numbers 6 hours 55 min ago

Hedware

How do your draw that assumption from the colloquial ‘dish’?

Something to Bragg about7 hours 34 min ago

Funny

Looks more like a case of Industry Super "dishing out" peoples information - without...

Something to Bragg about8 hours 53 min ago

Life/Risk

TAL found guilty in ASIC Federal Court action

Life advisers must prove need for commissions

Life Partners selects FINEOS platform

Scaled advice not in best interests for life/risk

Life/risk advisers are busy but less risk is being written

APRA's grim assessment of the life insurance industry

Give advisers as much freedom as lawyers on insurance claims

APRA's proposed new group insurance rules preclude sweetheart deals

LGIAsuper allows members to secure additional insurance

CommInsure policyholders to be notified of transfer to AIA

Challenged MLC Life gets $650 million capital injection

Suncorp denies problems but initiates ‘comprehensive insurance review’

Wonder Dog

Hedware

Funny

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