APRA and ASIC publish world-leading life insurance data

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The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have released a series of publications and an online tool allowing policyholders – for the first time – to compare life insurers’ performance in handling claims and disputes. The joint project is the culmination of more than two years of work […]

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Australia’s new sustainable finance initiative

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The leaders and senior executives of Australia’s major banks, superannuation funds, insurance companies, financial sector peak bodies, civil society and academia are coming together to set out a roadmap for realigning the finance sector to support greater social, environmental and economic outcomes for the country. The Australian Sustainable Finance Initiative has today been unveiled – […]

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Actuaries Institute launches climate index

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The Actuaries Institute has launched a climate index, an objective measure of extreme weather conditions and changes to sea levels, to help policymakers and Australia’s businesses assess how the frequency of weather extremes is changing over time. The Australian Actuaries Climate Index, which includes a number of sub-indices, tracks changes in the frequency of extreme […]

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APRA and ASIC release new life-claims data

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The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published new data on life insurance claims and claims related disputes for the period 1 January 2017 to 30 June 2017. The new data released today continues to indicate that more than 90 per cent of claims that go to […]

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Statement from the Financial Services Council on new APRA appointments

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The Financial Services Council (FSC) congratulates the appointments of Mrs Helen Rowell as the full-time Deputy Chair of APRA and Mr Geoff Summerhayes as a full-time member of APRA from 1 January 2016 announced last week by Treasurer, Scott Morrison. Sally Loane, CEO of the FSC said: “As APRA Member for Superannuation Helen Rowell has served […]

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John Trowbridge to chair FSC-AFA life insurance working group

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Former APRA Member, Mr John Trowbridge, has been appointed independent chairman of the Life Insurance and Advice Working Group established by the Association of Financial Advisers (AFA) and the Financial Services Council (FSC). The working group will address issues such as the quality of advice, product design and remuneration structures which were raised in ASIC’s Review […]

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