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LIFE RISK
Life/Risk
Less than 10% of life insurance advice is placed without commission, according to the Financial Services Council, and thousands more of Australians would be able to obtai...
Life/Risk
Risk advisers need to ensure their clients know that level premiums are not a guarantee and what to expect when their first-year discounts expire, according to life insur...
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
The Australian Securities and Investments Commission’s Federal Court case against major insurer, TAL, will test the circumstances and extent to which life insurers can ga...
Financial planning
New sales of individual life risk have reached their lowest value over the last five years, falling 11 per cent from $1.3 billion to $1.1 billion over the 12 months to Ma...
Life/Risk
There’s a new kid on the block in retail insurance, with Integrity Life yesterday launching into the market, with a key selling point being its lack of legacy constraints...
Life/Risk
Life risk industry veteran, Michael Molesworth, has warned that underwriters and claims assessors need to be subject to more stringent education requirements or risk comm...
Life/Risk
Within two months of the Banking Royal Commission’s insurance hearings decimating Freedom Insurance, its chief executive, Craig Orton, has announced he will step down for...
Life/Risk
The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....
Financial planning
The Australian Securities and Investments Commission has signalled it will not be pressing to ban life/risk commissions at least until after it has reviewed the effective...
Life/Risk
MetLife has secured the insurance mandate of Tasplan, following a tender process which will see the insurer deliver group life offerings to the fund’s 145,000 members....
People & Products
Zurich has adopted UnderwriteMe’s Underwriting Rules Engine as it undergoes an overhaul and rebrand of its adviser-facing portal. ...
Life/Risk
The Royal Commission has been urged to hold the board members of ClearView to account for breaches of directors’ duties relating to the activities of its direct life/risk...
Life/Risk
New research has shown that retail insurance cover customers could be “seriously damaging” their wealth through inappropriate indexation of premium costs....
Life/Risk
Life/risk insurers have been placed on notice that the Royal Commission may recommend measures to hold them responsible for psychiatric injury inflicted on clients by cla...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...