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LIFE/RISK
INDUSTRY NEWS
A focus on legacy products has become one of the biggest barriers to innovation and the industry needs to be prepared to bear the burden of investment in improving those ...
INDUSTRY NEWS
The Federal Opposition says it is willing to listen and be convinced about life insurance and commissions....
INDUSTRY NEWS
New data released by the Australian Prudential Regulation Authority has confirmed the value delivered by life/risk advisers while pointing to the continuing problematic n...
INDUSTRY NEWS
Life insurers will find their ability to use offshore reinsurers limited by new moves being pursued by the Australian Prudential Regulation Authority. ...
INDUSTRY NEWS
Life insurance claims specialist, Col Fullagar says life insurers appear to be falling back into their bad old ways, including using the Government’s COVID-19 stimulus me...
INDUSTRY NEWS
TAL is acknowledging the Australian Securities and Investments Commission’s pursuit of charges against in the Federal Court but pointing out that the regulator did not wi...
INDUSTRY NEWS
Big insurer, TAL has been found guilty in the Federal Court of breaching its duty of utmost good faith under the Insurance Contracts Act with respect to an income protect...
INDUSTRY NEWS
In a similar way to mortgage brokers, life/risk advisers are going to have to make their case if they want to retain commission-based remuneration structures....
INDUSTRY NEWS
New Zealand life and health insurance provider Partners Life has chosen FINEOS as its new claims system....
INDUSTRY NEWS
Scaled advice may reduce the cost of advice, but in the case of life/risk insurance, it may not adequately cover the best interests duty for the client....
INDUSTRY NEWS
Just 18 months out from the Australian Securities and Investments Commission delivering its review of the Life Insurance Framework a serious contradiction has emerged – s...
INDUSTRY NEWS
The Australian Prudential Regulation Authority has used its 2020 Year in Review to point to the profitability struggles of the life insurance industry....
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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...