Benefit Levels Undermining TPD Sustainability
The level of insured benefit written under TPD cover is emerging as an important issue impacting the sustainability of TPD insurance in Australia, according to Gen Re Regional Chief Underwriter, Bindu George.
Writing in a...
Zurich Appoints New Head of Claims
Zurich has named Morris Garsin as its new Head of Claims Excellence for Australia & New Zealand. He will be based in Sydney and join the firm in August 2025.
Garsin is currently working for...
AI and Bots Intended to Lighten Load for Advisers
Outsourcing firm Vital Business Partners (VBP) and financial advisory company Yarra Lane have launched a Robotic Process Automation (RPA), consulting service aimed at helping financial advisers automate manual processes.
The service uses artificial intelligence and...
Shadow Financial Services Minister Named
Pat Conaghan, the Federal Member for Cowper, NSW, has been appointed as Shadow Assistant Treasurer and Shadow Minister for Financial Services. The announcement comes as part of a broader reshuffle within the federal opposition.
A...
$4.7bn Paid by TAL
TAL paid $4.7bn in claims to 54,000 customers and their families in the 12 months to 31 March 2025 according to figures released by the firm.
Living insurance, including IP and TPD, made up 74%...
CSLR Underspend Due to Lower Claims
The Compensation Scheme of Last Resort (CSLR) will not fully utilise the $24.1m levy raised for the 2025 financial year, as slower claim processing moves payments into future years.
Although the volume of claims originally...
Advisers Fall Short of CPD Obligations
Two advisers have been reprimanded for not meeting their continuing professional development (CPD) obligations.
The un-named advisers – identified only as Mr Q and Mr X by ASIC – were found by its sitting panel...
Tax Deductibility for Financial, Risk Advice Fees Clarified
Our report on how advisers can frame the tax deductibility of their upfront fees for financial and life insurance advice attracted plenty of reader interest this week...
Questions over how advisers can articulate the tax...
Flood Victims Offered Premium Waiver, Counselling
Acenda is offering hardship support, including a premium waiver of up to three months, for eligible customers affected by the floods on the NSW mid-north coast that have so far cost the lives of...
Seminar Offers a Fresh Look at Life, TPD, and Trauma
Risk strategy specialist Adam Crabbe is hosting a three-part online seminar covering life, TPD, and trauma insurance for Zurich.
Crabbe, who has more than 25 years’ experience in financial planning and adviser education, says he...