LIFE INSURANCE

Life/Risk

New research has shown that retail insurance cover customers could be “seriously damaging” their wealth through inappropriate indexation of premium costs....

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Life/Risk

At least four of AMP’s corporate superannuation clients are in the process of reviewing their arrangements in the wake of successive rounds of hearings before the Royal C...

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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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Life/Risk

Individuals spent an astonishing $29.5 billion on health-related expenses in 2015-16, according to Zurich, and helping clients better understand the risk of illness could...

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Life/Risk

New data points to life insurers becoming increasingly reliant on advisers as the major banks exit life insurance products....

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Life/Risk

New research has found that government-mandated insurance disclosure doesn’t help people make better purchasing decisions when it comes to insurance....

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Life/Risk

The Royal Commission has heard that TAL’s treatment of an insured not only denied the mentally ill customer assistance at various points of her claim, but also actively c...

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Life/Risk

TAL has today faced rigorous questioning by the Royal Commission as to whether case managers and senior staff were incentivised to deny claims as quickly as possible....

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Life/Risk

The Royal Commission has heard of TAL’s invasive investigation methods for the purpose of avoiding the approval of income protection policies on the basis of non-disclosu...

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Life/Risk

TAL will today join ClearView and Freedom in being scrutinised by the Royal Commission on the failings of direct life/risk sales business....

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Life/Risk

Freedom ended dubious sales practices for four insurance products just days before appearing before the Royal Commission, then failed to disclose this information to the ...

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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...

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Life/Risk

The Royal Commission has pointed to flaws and inconsistencies in the regulatory environment around life insurance, including that there is no penalty capable of being imp...

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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...

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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...

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