MoneySmart says check your insurance cover

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ASIC’s consumer website, MoneySmart, is encouraging people to check they have appropriate insurance cover. The Bureau of Meteorology predicts a high risk of tropical cyclones this summer . The long-term... Read more continue reading

AMP upgrades risk insurance offer and improves claims process

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AMP has made enhancements across its individual and group insurance products as well as improvements to its claims concierge service. AMP Director of Retail Risk Michael Rogers said the enhancements... Read more continue reading

Churning: a licence to defame advisers

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The term ‘churning’, which has now become accepted into industry vernacular to describe what is a legitimate practice, defames advisers while whitewashing the role of life companies, according to leading... Read more continue reading

Technology, education, analytics to drive growth in wholesale insurance market

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A new report from independent financial services consultancy Rice Warner predicts strong growth for the wholesale insurance market over the next 15 years. According to Richard Weatherhead, Director and Head... Read more continue reading

BT Insurance awarded highest possible ratings

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BT Insurance has been awarded an ‘A*’ rating by independent consultancy, The Risk Store. The A rating reflects BT’s excellence in claims servicing and is the highest rating given by... Read more continue reading

New research: Adviser usage of eApplications levelling out

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New research shows the adviser penetration of online application facilities (eApps) for life insurance to be levelling out. A survey conducted by Beaton Research and Consulting on behalf of Zurich’s... Read more continue reading

Millions of workers to lose access to advice if commissions banned in group risk

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The Government’s re-think on a commissions ban on life insurance within superannuation must extend to group risk, or millions of Australian workers will lose the affordable access they currently have... Read more continue reading

Insurance needs change on retirement

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Recent discussion about the so-called ‘de facto death duty’ levied on superannuation payouts to non-dependants, which includes payouts on life insurance held in super, highlights that pre-retirees should reassess how... Read more continue reading

Institute of Actuaries calls for temporary national flood insurance pool

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The Institute of Actuaries of Australia (the Institute) today called for the creation of a temporary national insurance pool to subsidise premiums for high flood risk properties and to fund... Read more continue reading

BT insurance new end-to-end life solutions a success with advisers and dealer groups

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BT Protection Plans have been added to more than 100 approved product lists within dealer groups and the number of advisers the products have doubled since its launch in February 2011 to... Read more continue reading