Life and health market outlook 2025
Everyone is telling us that there are a lot of lapses. Most reviews of the life sector say that there are some serious challenges: there are a lot of lapses and large numbers of people are uninsured, and not-great levels of new business.
Everyone is telling us that there are a lot of lapses. Most reviews of the life sector say that there are some serious challenges: there are a lot of lapses and large numbers of people are uninsured, and not-great levels of new business. That there is a problem, there is little debate. Exactly how the problem could be resolved often focuses on externalities: the behaviour of customers, legislators,...MORE»
Expect more and more underwriting; and not just with new businessMonday, December 9th, 6:00AM
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. MORE» |
Can online games teach financial literacy?Wednesday, November 27th, 6:33AM
Russell Hutchinson sits down with a bunch of teenagers to play a financial literacy board game to see who can make the most money (a learn about financial things). MORE» |
Will we decline a quarter of IP applicants on their income source?
In the United Kingdom it has been found that 28% of adults with complex incomes are denied a home loan.¹
MORE»Life insurance products MIA
Russell Hutchinson asks: What’s missing from the life insurance picture and comes up with a good list.
MORE»KiwiSaver and Insurance: Assessing lifetime financial needs
As we approach a significant debate on whether insurance should be integrated into KiwiSaver, I personally feel we should shift our focus towards a more fundamental and engaging topic: the assessment of financial needs for one's entire life.
MORE»The AI revolution in financial advice: A reality check
Russell Hutchinson looks asks whether artificial intelligence (AI) is a threat or a help to financial advisers.
MORE»I would do anything for life, but I won’t do that
The Financial Advice Association of Australia (FAAA) addressed a letter to the Australian Prudential Regulation Authority (APRA) concerning the Life Insurance Data Transformation consultation. What does this have to do with the New Zealand market? A lot, in fact. Australian regulation has been an exemplar, perhaps, of what not to do.
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