IFSA and KPMG Actuaries have released the results of the largest ever investigation into life insurance claims experience, with the results confirming established rating factors.
Category: Claims
MLC Australian First - Launch of Best Doctors Service
November 2, 2009 – 9:00 am
MLC has launched a new, value-added service into the Australian life insurance market, called Best Doctors.
Best Doctors provides eligible MLC critical illness policy holders and their immediate family with access to world class medical advice whenever it is needed.
Diabetes Danger Signs - What Your Clients Should Know
July 20, 2009 – 11:34 am
CommInsure has released an excellent summary for advisers on the impact of Diabetes on Australians and what can be done to improve an individual’s diabetic risk profile.
Strong Call for Insurers to Release More Claims Information
July 14, 2009 – 3:54 pm
Advisers have given the strongest possible message to insurance companies that access to more claims information will add value to their business and their client relationships.
Latest Poll - The Value of More Claims Information
July 7, 2009 – 10:08 pm
The release of the risk store’s 2008 industry claims statistics forms the basis of our latest riskinfo poll.
We want to know whether your client engagement would be enhanced if you were able to access more information from the life companies that highlights the nature and extent of claims paid to Australians.
$3 Billion Claims Paid in 2008 - risk store
July 6, 2009 – 4:22 pm
Over $3 billion was paid to Australians in 2008 as a result of claims on retail life insurance policies, according to the risk store.
Following last week’s initial announcement on the risk store’s 2008 retail life risk industry claims statistics (see previous story - Claims Numbers Up in 2008), the firm has released further details, headlining with the $3 billion claims pay-out figure.
Claims Numbers Up in 2008 - risk store
July 1, 2009 – 12:01 pm
The risk store is set to release its 2008 Claims report for the risk insurance industry, in which it documents a significant rise in the number and value of claims that have been paid, particularly for certain categories.
AXA Claims Results - 2008
June 16, 2009 – 5:43 pm
AXA Australia (AXA) has announced it paid out $353.8 million on individual and group insurance claims for the year to 31 December 2008.
In the company’s latest Risk Rap bulletin for advisers, AXA reports that the $353.8 million represents an increase in claims payments of almost $17 million over the previous year.
Trauma Claims Seminar
June 15, 2009 – 9:31 am
Independent consulting firm, G&T Risk Management, is to conduct a training seminar on the issues surrounding trauma insurance claims management in Australia.
BMI Study - Even Moderate Obesity Takes Years off Life Expectancy
April 9, 2009 – 10:43 am
Advisers may want to share with their clients and their families the main findings of a global body mass index (BMI) study, which found conclusive evidence that being overweight can take years off a person’s life.
Two of the key findings in the report, published in the British journal, The Lancet, were:
