An increase in diverse partnerships with financial service providers is likely as super funds attempt to develop attractive post-retirement products, the Post-Retirement Conference heard. These partnerships will likely include fund managers, insurers and investment banks as well as larger funds offering products to smaller funds. Nicolette Rubinsztein, general manager of retirement and advocacy at Colonial […]
SuperFriend has joined forces with Australia’s seven largest insurers to find ways of reducing the incidence of mental illness among insurance claimants. The charity created by industry superannuation funds is currently helping to scope a project to kick off early next year that will have findings by the end of 2014. The imperative for the […]
Six insurers have re-signed deals with a charity that aims to improve the wellbeing of Australian employees, as the cost of mental health insurance claims soars. Insurers AIA, TAL, Hanover Life RE, CommInsure, MLC and Beazley Group have signed three-year deals with SuperFriend, while MetLife has signed up for the first time. The deals come […]
There’s an endless tide of flow-on effects from the stark growth in the volume of claims across the life insurance sector. While it’s encouraging that more Australians are becoming aware of the availability of their life insurance benefits, the rise in disability claims in particular places enormous financial and societal pressure on funds, insurers, reinsurers, […]
Institutional investors may be shaking off any reputational aversion they had to life settlements, desperate as they are for genuinely uncorrelated assets. MICHAEL BAILEY examines the current state of the asset class and its two means of access – synthetic or physical. The life settlements market has benefited from the entry of large investment banks, […]
Institutional investors may be shaking off any reputational aversion they had to life settlements, desperate as they are for genuinely uncorrelated assets. MICHAEL BAILEY examines the current state of the asset class and its two means of access – synthetic or physical. The life settlements market has benefited from the entry of large investment banks, […]
AustralianSuper will introduce online underwriting and claims assessment as part of a $600 million group insurance deal which has put an end to the fund’s long-standing relationship with Comminsure, with Tower Australia pipping the incumbent and Metlife for the contract to provide death, disablement and income protection insurance for 1.4 million members.