Insurance

24 May

Insurance

AIA pushes case for worker rehab

AIA Australia Limited has urged a Parliamentary Committee to back life/risk insurers being permitted to assist in

15 May

Insurance

APRA submission backs life insurers

The Australian Prudential Regulation Authority has suggested there is scope for allowing life insurers to assist

3 April

Insurance

Australians value houses more than health

Many Australians deem their house more important than their health, according to the survey by AIA Australia.

2021-01-29 00:30:00

Knowledge Centre

Themes driving the need for a more sustainable approach to investing

Sustainable investing is on the rise, and COVID-19 has only sharpened the focus of policy makers and investors...

Ausbil

3 April

Insurance

Cbus the latest to adopt Insurance Code

Cbus Super is the latest fund to adopt the Insurance in Superannuation Voluntary Code of Practice, saying that it

APRA chairman, Wayne Byres has confirmed the regulator is pursuing related party issues based on the Trade Union Royal Commission findings.

29 March

Insurance

Inquiry urged into insurer/super fund payments

The financial services regulators have been urged to closely scrutinise the financial relationships which exist

29 March

Insurance

Parliamentary scepticism on insurance co-regulation

The voluntary approach to industry self-regulation in the life insurance industry is not working and needs

2020-11-24 22:30:00

Knowledge Centre

Beyond the digital frontier

Secure, real-time data, insights and transactions accessible from anywhere are closer than you think – explore a...

Northern Trust

The FSC wants the superannuation guarantee increased to 12 per cent within six years.

29 March

Insurance

Committee should lift life insurance exemption

Superannuation and insurance law firm Berrill and Watson has said that the Parliamentary Joint Committee into

15 March

Insurance

Confidence on industry unanimity on insurance code

The Australian Institute of Superannuation Trustees and the Association of Superannuation Funds of Australia are

13 February

Insurance

Insurance gap remains despite super

The latest Rice Warner confirms that despite insurance within superannuation, Australia continues to have an

25 January

Insurance

Genetic testing poses risk to life insurers

Genetic testing could have big consequences for the life insurance industry, risking both increased premiums and a

23 January

Insurance

AIA calls on Gov to remove rehabilitation barriers

AIA has called on the Government to remove legislative barriers to allow insurers to provide early rehabilitation

18 January

Insurance

How many funds will sign insurance code?

There is a question mark hanging over how many funds will sign the insurance inside superannuation code of conduct

16 January

Insurance

The value of insurance within super

The Actuaries Institute has urged the Government not to go down the track of removing insurance as an integral

11 January

Insurance

Another player eyes group life

Integrity Group has acquired QBE Life in a transaction valued at $21.7 million and with an eye to entering the

11 January

Insurance

AIA launches program to help members post-cancer treatment

AIA Australia has launched a program in partnership with Swiss Re and IPAR, which seeks to help members return to

11 January

Insurance

TAL expands medical expertise with specialist board

TAL has appointed a medical Specialist Advisory Board, adding to the insurer’s existing medical and health

18 December

Insurance

Insurance inside super code released

The Insurance in Superannuation Working Group has today released the Insurance in Superannuation Voluntary Code of

12 December

Insurance

APRA cautious on FSC lobbying

The Australian Prudential Regulation Authority has signalled its caution with respect to Financial Services

12 December

Insurance

OnePath sale will increase group life competition

ANZ’s decision to sell its OnePath insurance business to Zurich Financial Services is expected to increase

12 December

Insurance

Benefits of insurance inside super unknown

Research from MetLife found general awareness among Australians about the workings of insurance inside super is

21 November

Insurance

MLC Life picks up industry fund mandate

MLC Life has secured a key industry fund mandate as it rolls out its growth strategy.

Tender consultants have confirmed that a number of corporate and industry funds are conducting group life tenders at the same time as Comminsure has encountered adverse publicity.

16 November

Insurance

Insurers repair group returns

The latest Australian Prudential Regulation Authority data has pointed to the major insurers having successfully

31 October

Insurance

Significant question marks hang over insurance code

An Association of Superannuation Funds of Australia submission has highlighted the significant question marks

26 October

Insurance

Genetic testing could lead to life insurance discrimination

Even a small rise in the number of genetic tests could lead to significant increases in life insurance claims

19 October

Insurance

‘Lapse’ and ‘churn’ are not the issue

A life insurance policy lapse is not the issue but rather if the advice given was poor, according to a panel.

Research and ratings group, CANNEX points to recent group premium rises not being mirrored in the advised life/risk space.

12 October

Insurance

MLC Life Insurance holds premium rates

MLC has guaranteed that their existing life insurance policies would not increase at least until 1 October 2018,

5 October

Insurance

Three to five-year horizon for MLC group insurance

MLC Life is aiming to establish itself as a key player in the group insurance market in the next three to five

5 October

Insurance

Intrust Super reduces insurance premiums

Intrust Super has made a seven per cent reduction in premium rates on tis life and total disability insurance.

Superannuation funds need to adapt and review alternative operating models as pressure from regulatory scrutiny, greater competition, and lower growth increases, according to a Mercer report. Mercer’s ‘Pathways to success’ whitepaper said super funds need

28 September

Insurance

Trustees should review insurance in super COP while they can

Trustees, insurers, and administrators should take the opportunity to influence the Insurance in Superannuation

26 September

Insurance

Group risk inflows now plateaued

Group risk inflows have now plateaued after three years of strong growth in premium inflows, according to DEXX

A newly-developed digital claims tracker will complement MetLife’s existing claims team and provide increased clarity and efficiency for clients looking to track the progress of claims, according to its AVP customer strategy and innovation. MetLife Austra

26 September

Insurance

MetLife launches digital claims tracker with MTAA Super

MetLife Australia has launched digital claims tracker with MTAA Super as part of an agenda to improve service

21 September

Insurance

Low income level has largest super erosion effect

Low income earners, females, and young people are the groups most adversely impacted by retirement benefits

21 September

Insurance

Insurance in super code needs to explain real impacts

The insurance in super code draft has made a down payment towards the reforms needed, Maurice Blackburn believes.

20 September

Insurance

Life insurance termination will have to be straightforward under code

The ISWG’s draft Life Insurance in Superannuation Code of Practice requires any opt out or cessation arrangements

The average delay in superannuation funds and their insurers dealing with a total and permanent disability (TPD) claim is around two years, according to the Australian Institute of Actuaries. The Institute has used its submission to the Productivity Commi

19 September

Insurance

Why TPD claims take two years to manifest

The Actuaries Institute has expressed concern that the average delay in superannuation funds and their insurers

The five largest life insurers account for 80 per cent of gross industry assets, according to the latest analysis from the Australian Prudential Regulation Authority (APRA). The regulator has used its submission to the Productivity Commission review of co

19 September

Insurance

APRA confirms big five dominance of life

The Australian Prudential Regulation Authority has confirmed the continuing dominance of the big five in the life

19 September

Insurance

ASIC flags common standard on insurance profit sharing

The Insurance within Superannuation Working Group is looking to establish a cross-industry standard for profit-

New research confirms that the way income protection and TPD claims are handled are crucial to long-term outcomes.

19 September

Insurance

CommInsure expands product offerings

CommInsure has announced the launch of a new income protection platinum product along with changes to its total

15 September

Insurance

Insurance payout not rare for Aussies

ASFA has found that while receiving an insurance payout is not a rare event under insurance costs the government

Major insurer TAL has urged changes to superannuation fund preservation rules that require two medical practitioners to certify terminal illness and life expectancy. The company has used an answer to a question on notice from the Parliamentary Joint Commi

14 September

Insurance

TAL urges terminal illness changes

Major insurer TAL has urged changes to the rules requiring two medical practitioners to certify terminal illness

14 September

Insurance

Life/risk industry complex and unprofitable

The life insurance industry needs to change as many people are cancelling their policies due to premium shocks,

14 September

Insurance

Insurance industry open to disruption: Capgemini

The 2017 World Insurance Report by Capgemini and Efma has touted the importance of innovation within the insurance

12 September

Insurance

Trustees need to be more sophisticated on group insurance

Superannuation trustees need to become more sophisticated about the provision of group life, including gaining a

5 September

Insurance

Insurance within super vital says Mercer

The insurance within superannuation regime is far from perfect but it is vital to addressing Australia’s under-

31 August

Insurance

Adverse publicity drive insurance opt-outs

The Productivity Commission has been told increased and negative publicity around insurance within superannuation

29 August

Insurance

Insurance code compliance committee flagged

The Productivity Commission has been told of the likelihood of a Code Compliance Committee with audit and

Australia’s largest group life insurer has insisted to a Parliamentary Committee that any profit-sharing rebates it pays to superannuation funds have been used to benefit members. TAL chief executive, Brett Clark has told the Parliamentary Joint Committee

29 August

Insurance

TAL insists profit sharing rebates go back to fund members

Big insurer TAL has insisted to a Parliamentary Committee that profit-sharing rebates paid to super funds are

29 August

Insurance

MLC Life Insurance expands Best Doctors offering

MLC Life Insurance has this week announced the expansion of its Best Doctors service to reach 800,000 customers.

So-called profit-sharing arrangements between superannuation funds and their insurers are being closely scrutinised by both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA). Senior ASIC

24 August

Insurance

Regulators confirm ‘profit sharing’ scrutiny

ASIC has confirmed that both it and APRA are scrutinising so-called ‘profit sharing’ arrangements between insurers

The Productivity Commission (PC) has been urged to take into account the problems encountered by superannuation funds around the provision of total and permanent disability (TPD) insurance, not least those relating to regulatory definitions. The Associati

24 August

Insurance

‘Fix TPD’ ASFA tells PC

The Association of Superannuation Funds of Australia has told the Productivity Commission there is a need to fix

Market Insights

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29 January 2021

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25 November 2020

Finding sustainable companies that thrive

20 November 2020

Doing the right thing: ESG and EMD

30 September 2020

Andrew James McAlister

A much better name than MTAA, since its open for anyone. I like it.

Merged Tasplan and MTAA Super to be named Spirit Super 1 week 1 day ago

Sue

So, not as bad as the doomsayers were leading us to believe. Any chance of a public apology from...

Australian pension assets grow despite pandemic 1 week 4 days ago

Guy

So true - our people are our greatest asset. Just as our investors and members are. We need to...

Fund mergers highlight focus on people 3 weeks 1 day ago

Dave Peckitt

Hi do you have any info on financial planners in perth? I'm looking to consolidate my super...

Six superannuation consultancies prove stand outs 1 year 7 months ago

Anonymous

This is the most ill informed comment I have ever seen. Why on earth would you think Superannuation...

We aren’t anyone’s secretariat says AustralianSuper 7 months 1 day ago

Axl

That's 'toe the party line'.

We aren’t anyone’s secretariat says AustralianSuper 7 months 3 weeks ago