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LIFE/RISK
Life/Risk
With insurance sales practices proving a focus of the Royal Commission’s current hearings, the Commission has heard of how Freedom sold a disabled man funeral insurance a...
Life/Risk
In a hearing littered by admissions of wrongdoing by Clearview, the Royal Commission has heard the insurer’s chief risk officer, Gregory Martin, detail how the firm breac...
Life/Risk
The practice of offering “downgraded” life insurance products has come under the spotlight at the Royal Commission, with Clearview questioned over its practice of offerin...
Life/Risk
Clearview’s targeting of particular demographics for its life/risk products has come under fire on the first day of the Royal insurance hearings, in regard to the insurer...
Life/Risk
TAL’s agreement with Suncorp to acquire the latter’s Australian life insurance business is binding as of today, subject to regulatory approvals in Australia and Japan and...
Life/Risk
The Financial Services Council has welcomed a regulator’s positive review on the role of the FSC Life Insurance Code of Practice in the sale of direct life insurance, whi...
People & Products
MetLife Australia has launched a digital life insurance claims platform, making it easier for members to lodge and track claims....
Expert Analysis
Debbie Kennedy writes that trust is at the core of most consumers’ purchasing decisions regarding life insurance, and that underwriting that takes this into account could...
Financial planning
Planners’ uptake on providing advice on insurance is low, leading to adverse impacts on practice revenue derived from risk advice, Investment Trends has found....
Life/Risk
MLC Life has drawn recruits from a range of competitors to help building its group insurance business....
Life/Risk
Facing heavier regulatory scrutiny, new research has suggested that Australia’s major life insurers will likely look to greater use of technology....
Policy & Regulation
The Kiwi regulator’s thematic review on replacement business practices in the insurance industry has a number of important findings for the sector, according to the Finan...
Life/Risk
The Australian Securities and Investments Commission has urged giving consumers the right to take legal action against insurers who breach the Financial Services Council’...
Life/Risk
While 90 per cent of firms are confident of their capability to respond to crises, only 17 per cent have tested their preparedness, according to a Deloitte study....
Superannuation
The Australian Prudential Regulation Authority has confirmed that removing the compulsion from insurance inside superannuation for those aged under 25 will have serious i...
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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...