LIFE RISK

Life/Risk

Less than 10% of life insurance advice is placed without commission, according to the Financial Services Council, and thousands more of Australians would be able to obtai...

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Life/Risk

Risk advisers need to ensure their clients know that level premiums are not a guarantee and what to expect when their first-year discounts expire, according to life insur...

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Life/Risk

Data needs to be collected on the fees paid to lawyers on group life insurance claims, according to the Association of Financial Advisers....

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Life/Risk

The Australian Securities and Investments Commission’s Federal Court case against major insurer, TAL, will test the circumstances and extent to which life insurers can ga...

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Financial planning

New sales of individual life risk have reached their lowest value over the last five years, falling 11 per cent from $1.3 billion to $1.1 billion over the 12 months to Ma...

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Life/Risk

There’s a new kid on the block in retail insurance, with Integrity Life yesterday launching into the market, with a key selling point being its lack of legacy constraints...

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Life/Risk

Life risk industry veteran, Michael Molesworth, has warned that underwriters and claims assessors need to be subject to more stringent education requirements or risk comm...

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Life/Risk

Within two months of the Banking Royal Commission’s insurance hearings decimating Freedom Insurance, its chief executive, Craig Orton, has announced he will step down for...

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Life/Risk

The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....

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Financial planning

The Australian Securities and Investments Commission has signalled it will not be pressing to ban life/risk commissions at least until after it has reviewed the effective...

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Life/Risk

MetLife has secured the insurance mandate of Tasplan, following a tender process which will see the insurer deliver group life offerings to the fund’s 145,000 members....

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People & Products

Zurich has adopted UnderwriteMe’s Underwriting Rules Engine as it undergoes an overhaul and rebrand of its adviser-facing portal. ...

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Life/Risk

The Royal Commission has been urged to hold the board members of ClearView to account for breaches of directors’ duties relating to the activities of its direct life/risk...

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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

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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GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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