Hedge Funds

Group insurance grapples with change

A combination of greater regulatory requirements, higher data standards and an increasing number of claims in group insurance have caused premiums to rise. According to a recent Conexus Financial/CommInsure roundtable, higher premiums are consequently here to stay. The Prudential Standard SPS 250 requires insurance records going back at least five years, covering claims, membership, the […]
Investment Strategy

AustralianSuper puts major group risk challenge to Tower

The $28 billion AustralianSuper aims to radically speed up member insurance claims processes under its new contract with group risk provider Tower Australia. “We want 90 per cent of risk cases processed within five to 10 working days,” Greg Staunton, senior insurance manager at AustralianSuper, said. This would be achieved by more extensive use of […]