AIA Australia (AIA) has released a new PDS for its Priority Protection range of risk products, taking effect from 3 December 2011.
Author Archives: riskinfo
The Collective Name for a Group of Advisers
December 4, 2011 – 3:31 pm
As the industry looks forward to some well-earned down time at the end of an eventful and sometimes stressful financial services year, we are posing a question that we are sure you have been contemplating for quite some time:
What should become the collective name for a group of financial advisers?
Underwriting Most Important Factor in Choosing Main Provider
November 30, 2011 – 12:00 am
Advisers have said the quality of the underwriting service experience is the most important factor when it comes to choosing their main insurance product provider.
Choosing Your Main Insurance Provider
November 23, 2011 – 11:11 am
Financial advisers place an average of 54% of all their insurance premium business with a single provider, according to the recently released Investment Trends 2011 Planner Risk Report.
Based on this key statistic, our latest poll question asks:
Fast-tracking Claims, New Focus on Mining Sector Highlight Latest CommInsure Update
November 17, 2011 – 12:48 pm
CommInsure has almost completed its national adviser roadshow series, which introduces a range of product and service enhancements for advisers and their clients.
Presented under a theme associated with ‘More’, CommInsure outlined its initiatives in terms of More Cover, More People (eligible for cover), More Benefits and More Support.
We’re Not Ready For FoFA - Advisers
November 16, 2011 – 9:32 am
Two thirds of advisers say they will not be ready in time for the proposed 1 July 2012 commencement of the new Future of Financial Advice (FoFA) reforms.
AMP - No Pre-existing Conditions Restrictions for Current Clients
November 9, 2011 – 10:23 am
AMP has highlighted that enhancements released in its latest risk products upgrade will be passed back to its existing policy holders with no accompanying pre-existing conditions clause.
This initiative appears to be exclusive to AMP, and has been used by the insurer to emphasise the additional value of the product enhancements it has made in this update, which takes effect [...]
Life Company Claims Ratings to be Included in New Adviser Research
November 8, 2011 – 11:59 pm
The risk store and IRESS have announced the latest Xplan Risk Researcher software version will, for the first time, include a claims management rating for advisers.
Will Your Practice be FoFA Ready?
November 8, 2011 – 11:37 pm
The delay of the Parliamentary vote on the Future of Financial Advice (FoFA) reform Bill until at least February 2012 is prompting a growing number of industry stakeholders to question whether there will be enough time for advisers to be ready for the intended commencement date of the new reforms.
Our latest poll question asks:
Underinsurance Gap is Worsening - New Study
November 2, 2011 – 10:56 am
A report released by Swiss Re has revealed Australia’s underinsurance gap has worsened significantly over the last decade.
