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....

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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...

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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....

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Editorial

The financial services regulators have sent a clear message to the life/risk industry about its past mistakes. ...

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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...

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Life/Risk

Both APRA and ASIC express concerns at failure to learn lessons in life/risk sector....

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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....

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People & Products

Software and processing solutions firm SunGard Australia has appointed Grant Ives for its newly created role of director insurance solutions....

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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...

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Financial planning

Two new directors have been added to the board of major insurer TAL. ...

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Financial planning

The FSC has called for a statute of limitations on group disability claims to help stabilise premium pricing....

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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....

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Policy & Regulation

The Assistant Treasurer, Senator Arthur Sinodinos, says the regulatory changes to FOFA will be ready by the end of this month....

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Financial planning

ASIC warns that disclaimers attaching to financial services advertising claims must be displayed prominently....

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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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Simon

Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...

4 days 13 hours ago
Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 4 days ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 4 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago