The gatekeeper to the pool In an earlier article we explained risk pooling, a foundational concept in insurance. By aggregating together people with similar risks, those risks can be spread. A frequently cited example is that of ancient shipping merchants [1], who would come together and effectively pool and share the financial risks of one... Read more continue reading
11
Dec
2020
Life underinsurance has been a much discussed – and debated – topic for more than a decade. Denounced by some critics for the perceived self-interest of those seeking to shine a light on the issue, recently released data[1] confirms the underinsurance gap is not only real, and significant, it is also widening. Structural developments within... Read more continue reading
10
Dec
2020
A recent report released by life insurance specialist Brett Wright, has shed some light on the life insurance commission debate, from an advice practitioner and consumer point of view. In his report, Wright articulates the value advisers deliver when providing life risk advice, how consumers fair in a commission vs. no commission world, why an... Read more continue reading
02
Dec
2020
Zurich Australia has announced a new Family Care Policy that recognises all family circumstances and supports a fair, diverse and inclusive workplace. Acknowledging that every family is different, the new approach to Family Care will support every employee regardless of gender, gender identity or sexual orientation and enable everyone to take paid leave as they... Read more continue reading
25
Nov
2020
“Be like water … If you put water into a cup, it becomes the cup.” – Bruce Lee . While Bruce Lee is a strange source for fixed income strategies, his advice is apt for our low interest rates environment. Paraphrasing – “when rates are low, become the bank.” How so? Interest rates will continue... Read more continue reading
20
Nov
2020
Global senior insurance executives expect to see a significant shift in the industry as a result of a year that has seen them navigating uncharted waters, according to a new BlackRock research. The study captures the insights of 360 senior executives across 25 major insurance markets. In total, the participating companies represent investable assets of... Read more continue reading
23
Oct
2020
Meeting community expectations is of the utmost importance for the life insurance industry, as it continues to experience significant and rapid change. As medical procedures and treatments continue to advance, we must continue to update insurance underwriting approaches guided by these new insights, and backed by evidence-based data. Underwriting is the first experience that customers... Read more continue reading
22
Oct
2020
Edmund Halley (1656 – 1742) was a remarkably talented man of science, who made important contributions to mathematics, physics, and of course, astronomy. A peer of Sir Isaac Newton (apple, gravity etc), Halley’s most public legacy is the comet named in his honour after he correctly predicted the frequency of its appearance (roughly every 75... Read more continue reading
17
Aug
2020
A good Financial Adviser will devise a strategy that will protect you when you need help. Personal insurances recommended correctly will protect your most valuable asset – you and your ability to earn an income. In the past month, I helped a long-standing client to claim on a trauma (also known as critical illness) policy.... Read more continue reading
06
Aug
2020
New research released by industry campaign Choice & Access to Life Insurance (CALI) warns that if governments and regulators fail to act, then underinsurance will continue to increase across parts of the community as access to advised life insurance becomes further limited. Middle to low income earners, who the research shows already to be underinsured,... Read more continue reading
27
Jul
2020
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