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LIFE/RISK
INDUSTRY NEWS
AUB Group has announced the acquisition of the remaining 50 per cent shareholding of one of the largest New Zealand’s insurance brokers, BrokerWeb Risk Services....
INDUSTRY NEWS
The Australian Lawyers Alliance has taken issue with the Financial Services Council’s new life insurance code of conduct arguing that is neither fully enforceable nor tak...
INDUSTRY NEWS
In a message which will resonate with some life insurers, Australia’s general insurers have been warned against allowing outsourced service providers to handle complaints...
INDUSTRY NEWS
New data has revealed just how significantly the cessation of direct life/risk sales has hit life insurers’ bottom lines and how much more reliant they have become on adv...
INDUSTRY NEWS
AMP Life has told advisers it will no longer be accepting applications from customers into a standalone version of AMP Elevate from 31 January, next year, in the wake of ...
INDUSTRY NEWS
The Bank of Queensland has terminated the sale of its St Andrews’ Insurance to Freedom....
INDUSTRY NEWS
Just over 60 per cent of Australians are against subsidising life insurance premiums for people who are at higher risk of future illness based on adverse genetic test res...
INDUSTRY NEWS
A new survey has confirmed what most life/risk advisers already know, that clients dislike insurers which bury them in paperwork and inflict sizeable premium increases....
INDUSTRY NEWS
Freedom Insurance Group has declared it will not be recommencing sales of life products as it deals with commissions-related liquidity issues and the reality of a client ...
INDUSTRY NEWS
Life risk industry veteran, Michael Molesworth, has warned that underwriters and claims assessors need to be subject to more stringent education requirements or risk comm...
INDUSTRY NEWS
APRA figures have shown an 11.5 per cent year-on-year rise in the Australian life insurance industry’s net policy revenue to $17.9 billion in the September 2018 quarter....
INDUSTRY NEWS
Shifting community standards and expectations are driving eight new trends in life insurance which may cost policyholders over $1 billion, according to a new report....
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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...