Risk People as at 4 April 2018
/- MetLife appoints new head
- ING appoints new head
- AMP makes changes to Wealth Solutions and Customer leadership teams
- AMP CEO announces departure
Risk Product, Company and Regulatory Updates as at 4 April 2018
/- CommInsure to rollout new underwriting engine and IP premium increase
- Fee waiver campaign extended by AIA
- Life Super Quotes Service launched by Riskinfo, RiskinfoNZ launched
New practice management platform flagged by AMP - New super fund addresses Australian account erosion
- Adviser builds new practice
- SMSF admin business sold by OneVue
- CBA to potentially sell Indonesian life business
- Lifecycle default option launched by Industry fund
- TAL to refund funeral insurance customers
PJC doubts self-regulation of the life insurance industry
/The Parliamentary Joint Committee is questioning the risk industry's ability to self-regulate.
Read MoreASIC market integrity report released
/Latest ASIC market integrity report shows their continued efforts to improve the Australian financial markets.
Read MoreRoyal Commission examining financial advice
/The Royal Commission will be investigating the financial advice industry during April.
Read MoreRisk Product, Company and Regulatory Updates as at 20 March 2018
/- Macquarie acquires equities specialist
- Prime Super unveils digital claims process
- Atlas Wealth expands operations
- MLC improves underwriting engine, launches virtual assistant
- Few systematic issues identified in life insurance
- WSU designs finance course to meet new standards
Risk People as at 20 March 2018
/- ClearView appointed state manager and heads
- MetLife appoints two managers
- Aon appoints new directors
- AFCA inaugural chair named
- Chief executive appointed at Decimal
- Finalists for the 2018 Chant West Award announced
- Life company of the year award winners announced
- AILA unveil new awards
- AMP retail sales head departs
Profit-first culture study: tired, incentivised staff make poorer risk decisions
/A study shows the impact workplace culture and norms have on individual compliance.
Read MoreRisk Product, Company and Regulatory Updates as at 6 March 2018
/- Macquarie offers OneCare
- BTFG names expanded APL insurers
- MTAA Super and MetLife from young members premiums
- ANZ applies life insurance code
- QBE sells operations to Zurich
- TAL gender diversity recognised
- CBL liquidators appointed
- CBA lodges response to class action claims and amended AUSTRAC
Risk People as at 6 March 2018
/- AFCA welcomes new chair
- Brookvine appoints product director
- ClearView appoints head
- MLC Life appoints executive
- Commonwealth Bank board appointments and departures
- FPA director steps down
Data breach laws coming into effect
/Businesses need to review their privacy and data security policies to align with new data breach laws.
Read MoreResearch: we need new retirement options
/A National Seniors report suggests a new form a retirement guarantee should be implemented to help Australians accommodate their increasingly longer lives.
Read MoreProductivity Commission: 'general advice' is a misnomer, get rid of it
/The Productivity Commission is calling for a change in advice terminology to encourage better consumer understanding of financial products.
Read MoreRisk Product, Company and Regulatory Updates as at 20 February 2018
/- AustralianSuper cuts premiums
- AMP discounts healthy clients
- AIA pain education program
- ANZ upgrade discount offer
- ClearView flat fee offer
- Melbourne financial businesses fined
- New chair appointed to life code compliance committee
- ClearView refunds poor sales practices
- CBA puts away money for regulatory costs
Risk People as at 20 February 2018
/- Centrepoint announces executive officer
- NAB appoints regional GM
- Fortnum appoints executive
- TAL appointed sales head
- AIA appoints chief
- Chant West founders retire
BNP Paribas completes blockchain technology test
/BNP Paribas has completed testing on blockchain technology for the ASX, with implementation imminent.
Read MoreRoy Morgan survey shows phone sales lead life insurance sales
/A new Roy Morgan survey shows how different groups of Australians rely on remarkably different channels to buy life insurance.
Read MoreAIA Australia calls for rehabilitation expenses to be covered by insurers
/AIA Australia joins the call for legislation to be changed to allow insurers to cover more rehabilitation expenses.
Read MoreIn-house product bias confirmed by ASIC
/A new ASIC report reveals bias towards in-house insurance products.
Read MoreRisk Product, Company and Regulatory Updates as at 6 February 2018
/- AIA Australia's cancer wellness program launched, policy fees waived
- MBS Insurance joint venture
- Advice firm offers life insurance
- Online Australian consumer brand offering life insurance
- Global alliance formed by insurtech associations
- OnePath Life purchased by Zurich
- Integrity Life moves into retail
- Electronic medical certificates adopted by BT
- Medical specialist board created by TAL
- Commonwealth Bank planning licence conditions update
- Propositions to give ASIC power to ban products
- ASIC reviews insurance advice
- FSC requiring three insurers on APLs
