Year in Review: New bosses; New player; Lots of action
Good Returns editor Philip Macalister looks back on the year in insurance and
Reflecting back on the year I’d say the health and life insurance industry is pretty robust and competitive, but is facing quite a few challenges. Next year is shaping up to be pretty interesting judging on what we can see at the moment.
Firstly, I’ll start at the top. Always a good place to start. Over the past year and a bit we have seen significant changes in leadership with...MORE»
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Southern Cross Health Society Group annual results reflect steep increase in demand for private healthcare
Today Southern Cross Health Society Group (“Group”) shares its annual results for the year ended 30 June 2024, highlighting extraordinary growth in claims over the year; in volume and value. MORE »
[OPINION] Is the risk industry at risk?Monday, December 30th, 6:00AM
That is the question I’m asking myself, after making the audacious decision to return to providing risk management after 20 years of making a comfortable home in the investment world. MORE» |
[Opinion] Shooting of US health insurance CEO thoughtsMonday, December 16th, 4:31PM
The shooting of US health insurance chief executive Brian Thompson has lessons for insurers. MORE» |
[Opinion] More on a FSCL decision – issues for advisers to consider
Steve Wright asks questions about a recent FSCL decision on funeral insurance and what it means for insurance advisers.
MORE»Complaints processes and the rules can be two different things
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MORE»Resolution Life swallowed up by Nippon Life; What does it mean for the Asteron sale?
Japanese-based Nippon Life is planning to acquire Resolution Life which includes the Australasian operations. What does this mean for Asteron Life?
MORE»Life Insurer of the Year Achieves 97% claims payout rate
Asteron Life’s latest claims data reveals a 97% payout rate for Trauma, Life, and Income Protection claims received from July 1, 2023, to June 30, 2024, with over 95% acceptance rates in each category. The insurer paid out a total of $112 million, including $53.5 million in Life insurance, $34.1 million in Trauma cover, and $24.4 million in Monthly Income Protection claims.
MORE»Expect more and more underwriting; and not just with new business
Russell Hutchinson says the rules around underwriting are changing. Policies in changed circumstances are now being re-underwritten even through the risks haven't changed.
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