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 […]
David RowleyMarch 28, 2013
Super funds need to improve their default insurance cover to achieve appropriate levels of adequacy, member engagement and social equity, the Superannuation Insurance Symposium in Melbourne will be told later this month.
Staff WriterOctober 12, 2009
The $2.7 billion NGS Super has negotiated a new deal with its insurer that will give members the option of income protection to age 65, death cover extended to age 70 and automatic insurance increases for trigger events.
Staff WriterOctober 6, 2009
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 […]
Staff WriterOctober 2, 2009