Continued losses in life insurance putting consumer value at risk
Life insurance companies are stuck between a rock and a hard place. On the one hand, there’s a need to drive efficiencies that flow through to value for money from […]
Articles by: Kristen Turnbull
Why the life industry is ripe for disruption
The life insurance sector continues to be plagued by substantial losses on individual disability income insurance (DII), with APRA warning the scale of losses could increase further given the vulnerability […]
Why insurers face a perfect storm as Australians’ ‘surge capacity’ is tested
It started as a health crisis and quickly became an economic crisis. Now, six months on from the initial COVID-19 lockdown in Australia, we are arguably experiencing one of the […]
Pandemic reveals the essential work of financial advisers
We’ve heard a lot during the global pandemic about our frontline health workers, and the essential role they’ve played in keeping us safe. Our health has been the primary focus […]
When the Law of Unintended Consequences meets income protection insurance
It’s hard to argue against the need to reform a sector that is losing hundreds of millions of dollars each year, when there is a real risk that without reform […]
A financial cliff awaits Australia’s ‘pay later’ economy
The coronavirus crisis has added a new dimension to the buy now, pay later economy, with many Australians and business owners heading towards a financial cliff they can see but […]
Misperceptions about IP cover a red flag for life industry
Nearly half of consumers who currently have income protection insurance believe they would be covered in the event of job loss, new research from CoreData has found. The research, based […]
APRA data shows DII claims payout ratio continues to rise
The latest life insurance claims and disputes data from APRA appears to throw weight behind the hefty intervention into the disability income insurance (DII) sector late last year. Statistics for […]
Deteriorating mental health a concern for the beleaguered income protection sector
Life insurance has typically been considered a recession-proof industry. This is partly because the need for insurance doesn’t go away during an economic slowdown – in fact, the need to […]
For risk advisers, the glass is half-empty
As the impact of new regulations and education standards weigh on the minds of Australian financial advisers, a trend of short-term pessimism is sweeping through the industry. CoreData’s inaugural Adviser […]
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