New research provides missing link in risk advice methodologies

From

New Zurich research has accurately quantified the direct and indirect costs of serious health conditions, providing licensees and advisers with a more robust platform to recommend products, benefits and sums insured to life insurance consumers. Zurich’s Cost of Care study, conducted in conjunction with research partner Zest Healthcare Communications, draws on industry wide data to […]

continue reading

Insurers ready to increase risk exposure as macroeconomic concerns abate

From

Despite challenging market conditions and profitability remaining under continued pressure, insurers are in a relatively upbeat mood and ready to take on more risk, according to a study commissioned by BlackRock. “Searching for better returns”, BlackRock’s seventh annual global survey of 372 senior insurance executives across 27 countries in the insurance and reinsurance sectors, representing […]

continue reading

TAL extends musculoskeletal underwriting education initiative 

From

TAL, a leading Australian life insurance specialist, has extended its musculoskeletal underwriting education initiative to focus on underwriting the spine following neck pain. This follows on from TAL’s initial launch of support tools around underwriting the spine following lower back pain. The initiative provides advisers and their clients with tools to better understand why underwriting exclusions for […]

continue reading

OnePath OneCare lists on HUB24

From

ANZ’s OnePath has made its OneCare life insurance available through HUB24, providing advisers and their clients with a greater selection of insurance products. OneCare offers advisers a comprehensive range of insurance cover that can be tailored for clients’ needs throughout their different stages. For the past two years, OnePath has won The Consumer Choice Awards […]

continue reading

AIA Australia deepens links between health, life and wellbeing

From

Insurer AIA Australia continues to innovate in order to protect and improve the health of Australians by linking life and health insurance with AIA Vitality, a program which incentivises people to make healthier choices. Through the health insurance brand myOwn, AIA has initiated various innovations in the health space over the past 12 months. Launched […]

continue reading

TAL equips advisers to better understand diabetes

From

TAL, a leading Australian life insurance specialist, has developed an education course enabling financial advisers to get the best outcomes for clients who are at risk of, or faced with, diabetes. Similar to TAL’s cancer education course, the diabetes course is run through TAL’s industry-leading Risk Academy and presented by TAL’s Chief Medical Officer, Dr Priya Chagan. […]

continue reading

TAL launches underwriting education initiative for advisers and their clients

From

TAL, a leading Australian life insurance specialist, has launched a new underwriting education initiative designed to help advisers and their clients better understand the underwriting process and support TAL customers with their ongoing health. The initiative, which currently focuses on underwriting education for musculoskeletal health conditions, namely underwriting the spine following lower back pain, will […]

continue reading

New research highlights the serious unintended consequences of proposed reforms for young and active members

From

AIA Australia has released new research to highlight the limited financial gains young Australians would receive under the Federal government’s ‘Protecting your Super Package’, which would also leave more than 1.4 million young people under 25 without much needed financial protections. The research commissioned by AIA and completed by Rice Warner has shown that an […]

continue reading

Success of AIA Australia’s Claims on Wheels initiative prompts national roll-out

From

AIA Australia’s industry-first initiative, Claims on Wheels, is exceeding expectations for service and customer experience, prompting the insurer to take the innovative program nationally in the coming months. Claims on Wheels is a free service where an AIA Australia consultant makes home visits to people facing significant health issues to personally assist with the claims […]

continue reading

Life insurance estate-planning trap with proposal to transfer small accounts

From

The Government’s Budget proposal to strengthen the ATO-led consolidation regime by requiring the transfer of all inactive superannuation accounts where the balances are below $6,000 to the ATO.  The aim being to reunite these inactive superannuation accounts with the member’s active account may have drastic unintended consequences where a member has deliberately maintained a small […]

continue reading