CommInsure withdraws from claims-handling panel
CommInsure has chosen not to participate in a panel at the Conference of Major Superannuation Funds (CMSF) dealing with claims handling, declaring it has chosen instead to focus on putting right the issues which have seen it making adverse headlines in the last two weeks.
CommInsure withdrew from the panel dealing with "How to improve insurance claims management" and issued a statement via the panel chairman, Australian Institute of Superannuation Trustees' (AIST) executive manager, Policy and Research, David Haynes.
The CommInsure statement acknowledged the negative headlines and stated that the company felt it had let down clients and members and was determined to put the issues right.
It said it had been a difficult decision to withdraw from the CMSF panel but CommInsure believed it was better to concentrate on "putting things right as quickly as possible".
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
