TAL Risk Academy to Include FASEA Master Class<\/strong><\/a><\/p>\n Congrats to TAL for structuring a national series of master classes this year, as part of its TAL Risk Academy offer, to help many hundreds of advisers prepare to take the FASEA Adviser exam.<\/p>\n The insurer originally announced this initiative in January, and released details of additional FASEA Exam master classes<\/a> in July, in order to cope with the demand from advisers around the country in response to this service. It increased its offering from 16 classes to 60, where the courses were booked out. TAL advises almost 2,500 advisers subscribed and over 12,000 CPD hours of education provided towards advisers\u2019 FASEA accreditation.<\/p>\n The Risk Academy Masterclasses attracted a $55 fee, which TAL donated to charity. In 2019 these donations, totalling $209,900, went to the Australian Business and Community Network Scholarship Foundation<\/a>, which is a not-for-profit organisation that connects business with disadvantaged children to improve their education.<\/p>\n Informal feedback to Riskinfo from a number of advisers also painted a picture of excellent value-add for them in taking time out to attend these master classes.<\/p>\n Nice work, TAL.<\/p>\n World-First Claims Data Release<\/strong><\/a><\/p>\n Yes, that’s right. We’re recognising the regulators! At the end of March, in what was claimed as a world-first, regulators APRA and ASIC combined to deliver an immensely comprehensive analysis of life insurance claims and disputes statistics.<\/p>\n Available to advisers, other industry stakeholders and – importantly – to consumers, these statistics deliver an affirmation of the value of life insurance and the value of life insurance advice.<\/p>\n Taken from our first report on the initial release at the end of March, the data includes an online tool available on ASIC\u2019s MoneySmart website (click here<\/a>), where the package offers advisers and consumers the opportunity \u2013 for the first time \u2013 to compare and contrast each life insurer across a range of claims metrics for four distribution channels.<\/p>\n Life Company Community Support for Flood, Fire Victims<\/strong><\/p>\n We congratulate virtually all retail life companies for stepping up to the plate during the course of this year to engage with victims of natural disasters and to help ease the pain, if possible. These companies include: Zurich, AIA Australia, TAL, CommInsure, OnePath, ClearView and MLC Life Insurance.<\/p>\n This assistance was manifested mostly by life companies offering premium waivers for those affected by floods earlier in the year and by fires in September and more recently:<\/p>\n Zurich\/OnePath Premium Waiver Offer<\/a><\/p>\n Insurers Support QLD, NSW Bushfire Victims<\/a><\/p>\n![\"\"](\"https:\/\/riskinfo.com.au\/news\/files\/2019\/12\/191217-Best-Initiatives-APRA-ASIC-Claims-Data.png\")
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