Disability dilemmas put off insurer
Disability insurance is the most contentious, difficult and costly to manage personal insurance product, one New Zealand insurer says.
Pinnacle Life’s Ed Saul was responding to calls across the Tasman for forensic testing on mental health disability claims.
Kelly Wilson, president and director of forensic services at Psy Barr, spoke at reinsurance firm RGA’s seminar in Sydney recently.
She said a forensic approach, using psychological testing, was better placed to offer evidence on whether claimants were sufficiently disabled to qualify for an insurance claim...MORE»
Forensic approach to disability claims suggestedTuesday, June 18th, 6:11AM
Australian insurance industry players are calling for a forensic approach to assessing and managing mental health disability claims. MORE» |
RBNZ's latest paper on insurance causes concernsFriday, June 14th, 6:58AM
Concern has been raised about the far-reaching implications for insurers’ solvency standards of one of the clauses in the Reserve Bank’s latest consultation paper. MORE» |
Commission regulation unlikely: Tate
The Government will be hesitant to regulate risk advisers’ commissions because of the country’s under-insurance problem, says the president of the Institute of Financial Advisers.
MORE»The Top Five things that aren’t done often enough when reviewing insurance
There are some practical things that can be done in an insurance review which often aren’t – I think they should happen more often.
MORE»Latest life insurance sales stats
[Updated] The latest life insurance statistics show that OnePath has done well, Partners is slowing, AMP is having problems and Sovereign still remains number one.
MORE»Govt should regulate commissions: Naylor
New Zealand’s Government should step in and set guidelines for financial advisers’ commission, says Mike Naylor, of Massey University.
MORE»Churn in Australian watchdog's sights
Advisers churning client policies will be under increasing scrutiny from Australia's Securities and investments Commission over the next year.
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