comminsure

Unintentional

How will digital technology transform super in 2016?

Investment Magazine asked leading figures for their thoughts on how digitisation of information for members, providers and super funds will change the business of running superannuation funds in 2016. Damian Moloney, chief executive, Frontier Advisors spoke of the trend to what he calls “retailisation”, where members have a better digital interface with their fund and […]
Investment Strategy

The highs and lows of 2015

When we quizzed a group of leading figures and funds to pick their biggest causes for celebration in 2015, the special outcomes from the growing scale and sophistication of the very largest superannuation funds stood out. Where the industry has pulled together on investment fees and product innovation there have been further triumphs. The triumphs […]
Investment Strategy

Funds and insurers unite in battle against poor data

Data management is becoming a “battleground” for the group insurance industry as funds and insurers seek to create new, more personalised and sustainable products, according to Robert Nunez, head of industry funds at CommInsure. The changes are a response to the soaring insurance premiums and the corresponding pressure from APRA on insurers and trustees to […]
Unintentional

Debate: Favouring IP over TPD

The following people met recently to discuss the sustainability of insurance. Jeff Humphreys, principal, CHR Consulting; Linda Winterbottom, senior rehabilitation specialist, CommInsure; Bernard O’Connor, company secretary, NGS; Helen Hewett, executive officer, Industry Funds Forum; Colin Cassidy national insurance manager, HOSTPLUS; Frank Crapis, head of industry funds, Comminsure; Margo Lydon, chief executive, SuperFriend and Russell Mason, […]
Unintentional

Sustainable insurance at last?

NGS Super has delivered a tailored insurance offer to its members that keeps premium rises under control and offers a sustainable three year deal for members and the insurer. Cheaper more APRA compliant, more tailored for members, a three year agreement with the insurer and a better financial settlement for those who make a claim. […]
Roundtables

Tackling lawyer led insurance claims

Some of the most influential people in the group insurance space met in Sydney in March to discuss the sustainability of the sector. The group discussed initiatives to limit lawyer-led insurance claims and to improve data standards. The superannuation member who makes a total and permanent disability (TPD) claim through a lawyer and ends up […]
Investment Strategy

AustralianSuper moves to annual repricing of insurance

AustralianSuper is to renegotiate its group insurance on an annual basis, a move leading figures in the sector believe will become the norm for other superannuation funds. The appetite for writing new group insurance business has shrunk after one of the three big reinsurers, RGA, stopped pricing any new TPD business, while Swiss Re is […]
Roundtables

Insurance choices – a tough call for trustees

Come July 1, 2014 trustees are faced with an unpalatable choice caused by Australian Prudential Regulation Authority rules on what insurance they can offer. Either they give all members insurance in line with the regulations or they retain the existing offer for those who joined before that date and give the revised deal to new […]
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