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Adviser Support for More Severity-Based Trauma Offers

Advisers have lent their general support for more severity-based trauma insurance offerings to be made available in the Australian market. (more…)

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1 · September 4, 2017 in Polls, Products  
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ASIC Outlines Ongoing Focus on Life Insurance

Life insurance will be an area of particular focus for ASIC over the next 18 months with direct sales, TPD claims and the investigation practices of life insurers to be reviewed by the regulator. (more…)

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1 · September 1, 2017 in Compliance & Regulation  
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Latest Poll – Severity-Based Trauma Products

Last week’s launch of ANZ Wealth’s OneCare Severity Trauma product option places a renewed focus on the merits and value associated with severity-based critical illness contracts. Our latest poll is asking whether you want to see more of these products introduced into the Australian market. (more…)

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4 · August 29, 2017 in Polls, Products  
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MLC Life Names New Chief Underwriter

MLC Life Insurance has named a former UK life insurance executive as its new Chief Underwriter, and has also extended its Best Doctors service to cover more of its life insurance customers. (more…)

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0 · August 28, 2017 in Appointments, Company News  
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Lapse Data Suggests Churn Numbers May be Low

The number of advisers engaged in churning life insurance policies may be relatively low, according to ASIC, which has claimed recent lapse data gathering activities are providing a clearer picture on the issue. (more…)

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15 · August 25, 2017 in Compliance & Regulation  
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ANZ Wealth Launches Severity-Based Trauma Option

A new severity-based trauma option and income protection cover are the latest product updates released by ANZ Wealth this week. (more…)

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· August 23, 2017 in Products  
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AIA Trials Mobile Claims Assistance for Serious Illness

AIA Australia has begun a pilot scheme to assist policyholders through the claims process by offering mobile, personalised assistance to those undergoing a serious illness or significant health event. (more…)

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1 · August 22, 2017 in Claims, Company News, Services  
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Poll Results – Risk Product Shelf Space Fees Conflicted

Most advisers believe life product shelf space fees paid to dealer groups represent conflicted remuneration. (more…)

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1 · August 22, 2017 in Compliance & Regulation, Dealer Groups, Polls, Remuneration  
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Insurers Aiming to Define Churn

Life insurers are working with ASIC to reach an industry definition around ‘churn’ but are still dealing with it on a case by case basis, according to the heads of a major life insurer. (more…)

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8 · August 21, 2017 in Uncategorized  
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The Question of Life Product Shelf Space Fees

Our latest poll is based on ASIC’s assessment that life insurers may still be in a position to pay licensee shelf space fees following the implementation of the Life Insurance Framework reforms. (more…)

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1 · August 15, 2017 in Compliance & Regulation, Polls, Remuneration