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 […]
Risk
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 […]
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 […]
Why risk advice could be the future domain of the rich
The sustainability of risk advice is under threat, with nearly two in five advisers offering life insurance advice claiming they are not able to deliver this profitably under changes to […]
Risk advice: fees versus commission
The age-old debate about fees versus commissions has become a distant memory in the financial planning industry, with advisers no longer able to charge commissions relating to investments for new […]
APRA’s IP intervention – the challenges
The regulator issued a clear directive to life companies this month: provide proof you’ve changed the way you offer disability income insurance or be prepared to face sanctions. In an […]
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