TPD, direct sales in focus as CBA cleared

24-Mar-2017

An ASIC examination of CommInsure's life insurance practices and surveillance processes found “no breaches of the law” in relation to claims handling, but the regulator has called for broader reform of th.. Read More

TPD, direct sales in focus as CBA cleared

24-Mar-2017

An ASIC examination of CommInsure's life insurance practices and surveillance processes found “no breaches of the law” in relation to claims handling, but the regulator has called for broader reform of th.. Read More

High retention ensures life profitability

22-Mar-2017

Life insurance companies experienced stagnant sales growth over 2016, but an improvement in policy retention rates ensured a positive outcome for company profitability, according to a DExx&R report. The rese.. Read More

Ethics must start with industry commitment

22-Mar-2017

The financial planning industry had a collective responsibility to safeguard the public from errant advisers and more work was needed to ensure unethical planners could not continue to serve clients, according to the.. Read More

AFA calls for end to wholesale product gap

22-Mar-2017

Granting ASIC the power to approve financial products that fell under the classifications of wholesale products and alternative investments, as well as reclassifying real property as a financial product, would provid.. Read More

Fineos, Sequential expand claims solutions

20-Mar-2017

Global insurance claims software firm Fineos has partnered with Australian wealth management consultancy Sequential to roll out additional consulting services to its life insurer clients. Fineos, which provided .. Read More

AIA super tool boosts life connections

20-Mar-2017

AIA Australia and SuperED have partnered on a new digital offering to educate and assist superannuation fund members with managing their life insurance. LIFEapp 2.0 will incorporate AIA Australia’s existin.. Read More

Outdated life products create advice setback

15-Mar-2017

Life insurance product design needed to be reformed in order to better accommodate Australia’s changing society, while consumers must accept responsibility for seeking adequate advice regarding their insurance,.. Read More

Report highlights need for risk advice

15-Mar-2017

Almost one in two Australian families were concerned they did not have the right protections in place to safeguard their wealth in case of illness, injury or death, highlighting the need for better advice around life.. Read More

Industry bodies launch new insurance guide

14-Mar-2017

Australia’s life insurance and superannuation bodies have introduced best practice guidelines for group insurance data in an attempt to improve consumer outcomes and regain the trust of the regulator. The .. Read More

BT takes out top life gong

13-Mar-2017

BT Financial Group (BT) went platinum for the second year in a row at the Association of Financial Advisers’ (AFA) Life Company of the Year awards last week. The group also won the income protection award .. Read More

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