life insurance

Life/Risk

Many would ditch life cover if in financial distress

New research has revealed that many Australians would ditch their life insurance cover while maintaining house and car insurance if faced with financial distress....

Life/Risk

'Go further than the code' ASIC tells life insurers

Life insurers should be prepared to go further than their own Life Insurance Code of Conduct to help clients impacted by the COVID-19 pandemic, according to the Australia...

Life/Risk

FPA defends role of life/risk advisers

The Financial Planning Association says the advocacy efforts of financial advisers on behalf of clients can often impact the dispute data collected by the Australian Prud...

Life/Risk

Should life/risk have its own standards?

Synchron director, Don Trapnell, said life/risk advisers are being treated unfairly under the education requirements and deserve a separate standard suited to the profess...

Superannuation

Super funds expect 600,000 to withdraw $10,000

Superannuation funds expect as many as 600,000 members to follow through and withdraw up to $10,000 with many not understanding the insurance and long-run investment impl...

Expert Analysis

COVID-19: Insurance FAQ

The major insurers have been faced with some key challenges as a result of COVID-19. Col Fullagar looks at the issues and the implications resulting from the pandemic....

Life/Risk

Insurers give COVID-19 undertaking via FSC

The Financial Services Council has issued an undertaking on behalf of the major life insurers covering the rights of frontline health and other workers in the face of COV...

Life/Risk

Life/risk advisers on notice over COVID-19

The major life insurers have placed advisers on notice that the middle of the COVID-19 pandemic is not the optimal time to be seeking to switch clients, including health ...

People & Products

AIA appoints chief life insurance officer

Ben Walsh, current chief executive for Mercer in Australia and New Zealand, will start in the new role on 1 June, 2020. ...

Life/Risk

FSC defends insurers in face of negative claims report

Plaintiff law firm Maurice Blackburn says the major life insurers have been shown to have been persistently ignoring their own code of conduct by a report from the Life C...

Policy & Regulation

No loopholes, no carve-outs insist coalition of consumer groups

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

Life/Risk

Life insurance take up drops 9%

Almost one-third of a survey’s respondents said life insurance products confused them and 65% of people without the product would rely on savings if they contracted a maj...

Expert Analysis

Let prudence prevail

Life insurers are under the spotlight of APRA over their handling and the sustainability of disability income insurance claims, writes Integrity Resolution’s Col Fullagar...