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INSURANCE
Financial planning
Private health funds should dump their upcoming October price rises, due to sustained “mega profits” in the industry, Choice says....
Life/Risk
When entering into a binder agreement both the insurance agents or brokers, and the insurer need to ensure the other party has the appropriate Australian financial servic...
People & Products
Gary Dransfield, chief executive, insurance (Australia) is to leave Suncorp, as the firm undergoes a leadership restructure. ...
Life/Risk
The life insurance industry’s own Life Code Compliance Committee has slammed the insurers for being so inconsistent that the committee has been unable to deliver meaningf...
Life/Risk
New data analysed by KPMG has confirmed insurers have paid out double the number of disability claims for policies sold through financial advisers....
Financial planning
A major dealer group chair has pointed to advisers rather than licensees becoming responsible for professional indemnity cover....
Life/Risk
Slater and Gordon have filed a class action against the bank for selling customers “worthless” insurance....
Life/Risk
Individual disability income insurance as the worst hit risk product at a loss of $1.4 billion over the year to March 2020, according to data. ...
Life/Risk
The efforts of many clients and their life/risk advisers to write Agreed Value income protection cover before the 1 April deadline were stymied by the job COVID-19 job lo...
Life/Risk
Private equity firm, TA Associates has signed a strategic growth investment in commercial insurance broker, Honan Insurance Group....
Life/Risk
Consumers of all ages are adopting a “millennial mindset” and established insurers must digitise and draw upon partners to retain market share from bigtech entrants. ...
Life/Risk
Data needs to be collected on the fees paid to lawyers on group life insurance claims, according to the Association of Financial Advisers....
Life/Risk
New research has revealed that many Australians would ditch their life insurance cover while maintaining house and car insurance if faced with financial distress....
Superannuation
The risk for people seeking early access to their superannuation is that they will drive their balances so low that they lose their insurance access....
Policy & Regulation
Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new licensing for banks, insurers and superannuation funds....
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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...