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LIFE/RISK
INDUSTRY NEWS
The Australian Securities and Investments Commission has released a new draft document outlining how financial advisers and licensees will need to seek variations to thei...
INDUSTRY NEWS
Life advisers may have thought commissions attaching to BT Life policies sold before 2013 were safely grandfathered. They were wrong....
INDUSTRY NEWS
Placing consumers and their treating doctors at the centre of the decision-making process will improve outcomes and reduce the claims costs for life insurers to keep prem...
INDUSTRY NEWS
A Federal Opposition frontbencher has been warned against misinterpreting Australian Prudential Regulation Authority data to suggest that group TPD insurance delivers bet...
INDUSTRY NEWS
The Life Code Compliance Committee is to be given the power to impose sanctions on life insurers if they fail to live up to their obligations under the Financial Services...
INDUSTRY NEWS
The Australian Securities and Investments Commission has lifted the lid on the underlying methodology of its Life Insurance Framework review. ...
INDUSTRY NEWS
Fixed term level premiums will give more certainty for clients and will become the norm in the future but there has not been a proper level premium for a fixed term produ...
INDUSTRY NEWS
New research from KPMG has confirmed the degree to which COVID-19 impacted the Australian life insurance industry already on the back foot and facing revenue and profitab...
INDUSTRY NEWS
St Andrew’s insurance is set to become an independent player in the Australian market after being sold by the Bank of Queensland to investment player, Farmcove Investment...
INDUSTRY NEWS
MLC Life’s new chief of life insurance, Sean McCormack, has acknowledged the adverse impacts of the company’s technology changes but says the company is accepting its res...
INDUSTRY NEWS
The newly-raised capital will be used to support the expansion of operations and continued development of its digital-led insurance offering....
INDUSTRY NEWS
Insurance claims for mental health injuries have risen by 80% since 2017, according to Allianz, with firms now seeking to address mental health in the workplace....
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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...