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»
Tuesday, June 18th, 6:11AM
Australian insurance industry players are calling for a forensic approach to assessing and managing mental health disability claims.MORE»
Friday, 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»
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»
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»
[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»
New Zealand’s Government should step in and set guidelines for financial advisers’ commission, says Mike Naylor, of Massey University.MORE»
Advisers churning client policies will be under increasing scrutiny from Australia's Securities and investments Commission over the next year.MORE»