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INSURANCE INDUSTRY
Life/Risk
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....
Life/Risk
A swift move away from upfront commissions could spell the end of non-aligned advice, with only the large independents and aligned groups able to survive the inevitable d...
Life/Risk
The insurance industry has been allowed to “morph” itself into a financial advice profession blind-sided by hidden agendas, according to accounting firm, Chan and Naylor....
Editorial
The financial services regulators have sent a clear message to the life/risk industry about its past mistakes. ...
Editorial
Amid a good deal of fuss over how one insurance industry analyst referenced those making claims, Mike Taylor writes that the industry would be better looking at cause rat...
Life/Risk
Both APRA and ASIC express concerns at failure to learn lessons in life/risk sector....
Life/Risk
APRA deputy chairman claims insurers ignored the regulator’s warnings and ended up with self-inflicted wounds including premium increases of up to 150 per cent....
People & Products
Software and processing solutions firm SunGard Australia has appointed Grant Ives for its newly created role of director insurance solutions....
Life/Risk
The sustainability of the risk insurance market will depend on product innovation, as new risks and continuing pressure to cut premiums threaten to stifle traditional ins...
Financial planning
Two new directors have been added to the board of major insurer TAL. ...
Financial planning
The FSC has called for a statute of limitations on group disability claims to help stabilise premium pricing....
Life/Risk
New MetLife/FSC research reveals that tax incentives similar to those applied to health insurance could help bridge Australia’s under-insurance gap....
Policy & Regulation
The Assistant Treasurer, Senator Arthur Sinodinos, says the regulatory changes to FOFA will be ready by the end of this month....
Financial planning
ASIC warns that disclaimers attaching to financial services advertising claims must be displayed prominently....
Life/Risk
The risk insurance industry is often defined by its challenges, with under-insurance, lapse, regulation and competing direct propositions unlikely to disappear. Despite t...
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MARKET INSIGHTS
Podcast
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...