LIFE INSURERS

Life/Risk

Life insurers are struggling to sustain profitability in the face of challenging markets and tighter regulation with the Life Insurance Framework also playing a part....

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Life/Risk

The latest Australian Prudential Regulation Authority life insurance data has revealed a negative picture of profitability being badly undermined by disability products....

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Life/Risk

Life/risk advisers face taking account of a new factor – the reality that Government changes to bring insurance under the Unfair Contracts Terms regime will expose life i...

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Life/Risk

Serious questions have been raised about whether the Government even understood the existence of hundreds of thousands of ‘risk-only’ superannuation fund members when it ...

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Financial planning

Major insurer ClearView has committed to defending life/risk commissions in the face of the negative findings from the Royal Commission....

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Life/Risk

The Joint Parliamentary Committee on Corporations and Financial Services has rebuffed an FSC proposal to allow life/risk insurers to participate in getting injured worker...

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Policy & Regulation

Life insurance companies are now under a legal obligation to provide consistent data on claims and disputes to the Australian Prudential Regulation Authority and the Aust...

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Life/Risk

Insurers have been accused of manipulating policy definitions to create “junk insurance”, particularly with respect to permanent disablement, according to Maurice Blackbu...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 days 4 hours ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

4 days 7 hours ago