Insurance

Insurance Articles

RACHEL LEONG | Comments | THURSDAY, 5 DEC 2019

Annual events such as Movember highlight the need to consider the various insurance policies that can protect clients against the financial impacts of serious diseases most commonly affecting men, such ... Annual ... Read more

Providing insurance advice to divorcees

RACHEL LEONG | Comments | FRIDAY, 8 NOV 2019

Approaching a difficult topic Some may consider raising the topic of life insurance during a divorce as bad timing, however, it is an important conversation to have because the splitting of finances ... Read more

Time for action

ANDRES WEBERSINKE | Comments | FRIDAY, 11 OCT 2019

Individual disability income insurance (DII or income protection) is a key insurance product for consumers. It offers essential financial protection when income falls away due to sickness or injury but ... Individual ... Read more

A guide to business insurance

JAMES MCFARLAND | Comments | FRIDAY, 19 JUL 2019

In over 30 years of business Stanford Brown has gained extensive experience partnering with small to medium sized business owners. As small business owners ourselves, we understand that the business ... Read more

Advice culture and remuneration

GREG MARTIN | Comments | FRIDAY, 28 JUN 2019

The psychology behind good and bad advice We are all motivated reasoners and our motivation is rarely simply financial. Life insurance commissions, much like Satan and the universe, are too frequently ... The ... Read more

Income protection and the economic cycle

GREG MARTIN | Comments | FRIDAY, 1 MAR 2019

Discontent is engulfing the retail income protection insurance sector. This is not surprising given income protection claims have doubled in the last ten years. The steep trajectory of claims costs is ... Discontent ... Read more

Disruption in insurance

DANIEL BIONDI , PAUL CRONIN | Comments | FRIDAY, 14 SEP 2018

Insurance has long been viewed as a relatively stable offering within the financial services sector. Traditionally, people paid their premiums on a regular basis with monies invested for long term gains. Insurance ... Read more

Life insurance in Australia (Part 2)

NOBLEOAK LIFE INSURANCE | Comments | FRIDAY, 2 MAR 2018

The traditional decision making models of 'needs awareness', 'information search', through to the 'purchase decision' is fast becoming outdated in the new era of digital consumption. The ... Read more

Life insurance in Australia

NOBLEOAK LIFE INSURANCE | Comments | FRIDAY, 23 FEB 2018

For the second year running, NobleOak has commissioned research to identify customer trends and behaviour in the life insurance and wider financial services industries. Surveying over 1,000 Australians ... For ... Read more

Genetics: A testing time for insurers?

JESSICA CHEN , ALAN DOBLE | Comments | FRIDAY, 10 NOV 2017

Genetic Testing and Insurance Knowledge of the implications of genetics on human health has continued to evolve rapidly since the first mapping of the human genome was completed around the start of this ... Genetic ... Read more

Part II - Life insurance: The case for change

ANZ WEALTH | Comments | FRIDAY, 3 NOV 2017

Focusing on health and wellbeing THE CHANGING FACE OF WELLBEING New technologies and social trends are redefining approaches to healthy living and inspiring an upsurge of interest in personal wellbeing. Focusing ... Read more

Part I - Life insurance: The case for change

ANZ WEALTH | Comments | FRIDAY, 27 OCT 2017

Trust in insurance has been eroded PUBLIC CONFIDENCE IN LIFE INSURANCE HAS DECLINED Over the past few years, a spate of highly publicised incidents of mis-selling and controversial claims decisions have ... Trust ... Read more

Super reform: implications for holding life cover through super

STUART SHEARY | Comments | FRIDAY, 22 SEP 2017

The recent super reform changes makes it an opportune time to revisit how life cover in super should be funded as well as how it should be paid to eligible beneficiaries from super upon death. From 1 ... The ... Read more

Life Insurance Megatrends: 10 trends reshaping the industry

DAVID LOADER | Comments | FRIDAY, 13 JAN 2017

Life insurance plays a vital role in the modern life, supporting people during difficult time. But despite the social good that stems from it, the industry has a less than flattering public image and ... Life ... Read more

Tax considerations for owning TPD policies inside or outside superannuation

RAHUL SINGH | Comments | FRIDAY, 14 OCT 2016

Prior to 1 July 2014, when considering total and permanent disablement (TPD) insurance, advisers typically considered the advantages and disadvantages of owning the cover inside or outside superannuation ... Prior ... Read more

Life Company of the Year Awards

DARREN SNYDER | Comments | FRIDAY, 4 MAR 2016

The Art Gallery of New South Wales was the scene of this year's gala dinner for the PFL/AFA PFL/AFA Life Company of the Year for 2015. The Art Gallery of New South Wales was the scene of this ... Read more

The art of underwriting in the automated age

DARREN O'CONNELL | Comments | TUESDAY, 3 NOV 2015

This edition of the Suncorp Group's Insurance Insights white paper series will argue that human judgement and intuition is still as important as it ever has been in driving positive underwriting ... Read more

The advice challenge - Understanding what clients value

REBECCA SHEILS , ADAM TUCKER | Comments | THURSDAY, 11 DEC 2014

For advice to be truly effective, advisers must become proficient at identifying which segment their clients fall into and then know how to deliver on the unique needs of each segment. For advice ... Read more

Insurance Product Replacement Advice - A Case in Point

TREVOR HARRIS | Comments | THURSDAY, 10 JUL 2014

his court case is something all risk writers and financial planners should acquaint themselves with. The human story behind the case also appeared on the ABC program 'Four Corners' on 5th May 2014 in ... his ... Read more

Apathy to action

JOHN BROGDEN , DAMIEN GREEN | Comments | THURSDAY, 10 JUL 2014

To motivate behavioural change, insurers need to create tangible triggers: events or rewards, not fear and peace of mind. They need to use important life stages to make people think about protecting ... Read more

Insurance and superannuation: are you prepared?

JEFFREY SCOTT | Comments | TUESDAY, 25 MAR 2014

Insurance in superannuation will have significant changes over the next 12 months and we examine carefully three of these changes to help you prepare for them. Insurance in superannuation will have ... Read more

Using trauma proceeds to top up income protection

STEPHEN MILLER | Comments | WEDNESDAY, 3 APR 2013

There is scope to use a trauma policy to pay an NCIS under the temporary incapacity condition of release. There is scope to use a trauma policy to pay an NCIS under the temporary incapacity condition ... Read more

Business insurance trust

ALEXIS KOODRIN | Comments | WEDNESDAY, 3 APR 2013

The use of business insurance trusts has a number of commercial advantages over conventional structures, including potential substantial cost savings The use of business insurance trusts has ... Read more

Business Insurance Trust

ALEXIS KOODRIN | Comments | TUESDAY, 15 JAN 2013

The use of business insurance trusts has a number of commercial advantages over conventional structures, including potential substantial cost savings. The use of business insurance trusts has ... Read more

Weathering the storm – The Australian dollar in a post – GFC world

ROGER BRIDGES | Comments | THURSDAY, 1 MAR 2012

The global financial crisis (GFC) may have proved to be a turning point for the Australian economy and the way the Australian dollar (AUD) trades in the future. In this paper, Roger Bridges discusses ... The ... Read more

Squeezing the lemon: driving insurance profits in the new investment landscape

GRAHAM HARMAN | Comments | THURSDAY, 1 MAR 2012

This paper looks at ways to "squeeze the lemon", and to work your asset portfolio harder. We clarify the mechanisms by which developments in security markets can impact an insurance company; ... This ... Read more

Guaranteed future insurability options

ANQING LIN | Comments | MONDAY, 5 DEC 2011

Life insurers in Australia typically offer a guaranteed future insurability (GFI) feature as part of their lump sum risk product range. This papers discusses the emphasis is on the mortality risk, the ... Life ... Read more

Trends in Mental and Nervous Disorder Claims

MARCUS CHENG | Comments | MONDAY, 5 DEC 2011

This paper assesses the current state of the life insurance market in Australia and looks at the different factors that impact on an individual's life insurance, in addition to how insurance serves ... This ... Read more

Income Protection in Super – what are the advice issues?

JONATHAN DE FRIES | Comments | MONDAY, 5 DEC 2011

There's some debate and concern in financial advice circles about holding income protection insurance (IP) inside super. Following a favourable tax change in 2007, the issues have gradually intensified ... There's ... Read more

Economic cycles, financial shocks and life insurance

YONG JIAN KHOO | Comments | THURSDAY, 17 NOV 2011

Life insurance serves various purposes, such as mitigating the financial impact of adverse events such as death or disablement; providing a means of private savings; and for funding retirement. Clearly ... Life ... Read more

Risking everything

RICHARD KLIPIN | Comments | THURSDAY, 17 NOV 2011

The focus of the Risking Everything research, conducted by CoreData on behalf of the Association of Financial Advisers, is to investigate in a more detailed way how Australian consumers are addressing ... The ... Read more

Life insurance through super - optimising clients' incomes

TIM SANDERSON | Comments | MONDAY, 1 AUG 2011

This paper, Life insurance through super - optimising clients' incomes, examines considerations for an adviser when assessing life insurance within the superannuation. Tim Sanderson, Colonial ... This ... Read more

Insurance in Superannuation – A potentially dangerous opportunity

STEPHEN GRAHAM | Comments | MONDAY, 27 SEP 2010

According to recent Lifewise / NATSEM research, 95 per cent of Australian families don't have adequate insurance cover. This dramatic level of underinsurance provides a significant opportunity ... Read more

When insurance cover unearths unexpected 'value-add'

MARK STORY | Comments | MONDAY, 27 SEP 2010

What comes first, the insurance cover or the underlying business succession strategy? As Melbourne-based company directors discovered by default - no business should have one without the other. With ... Read more

Insights into the Australian Life Insurance Sector

PHILIP FOURIE | Comments | SUNDAY, 10 MAY 2009

In an attempt to better understand the Australian life insurance sector, Fintechnix identified 28 thought leaders in the sector and asked them to share their views on the issues affecting their industry. In ... Read more

The Insurance Opportunity

MARK PATTERSON | Comments | THURSDAY, 14 JAN 2010

Once upon a time, insurance lived in the realm of specialist risk advisers only. Today, through innovation, new technologies and necessity, insurance products have evolved and are simpler to understand ... Once ... Read more

Insurance Bond Master Funds

ROSS HIGGINS | Comments | SATURDAY, 10 JAN 2009

When Ross Higgins joined Austock, he was asked to develop a new type of Insurance Bond. As Ross points out the Insurance Bond market has been moribund for many years because, "the Life Industry failed ... When ... Read more

What does your Income Protection Policy Offset Clause say?

HELEN MENTIPLAY , PETER RIDDELL | Comments | SATURDAY, 10 JAN 2009

Helen Mentiplay and Peter Riddell are lawyers at TurksLegal. In this paper they explore the implications on income protection policies of a 2008 NSW Supreme Court case (Carolyn Philips (née Durrand) ... Helen ... Read more

Key person insurance: Who needs it?

MARC FABRIS | Comments | TUESDAY, 1 JAN 2008

Ask the average small business owner whether they insure their key people and they'll probably look at you blankly. That's because less than half will have ever even heard of the cover and only ... Ask ... Read more

Professional indemnity insurance, internal compliance and AR agreements

JIM BULLING | Comments | TUESDAY, 1 JAN 2008

During bear market periods, anyone in the business of giving financial advice is in a position of greater risk from clients who end up with disappointing outcomes. Often this is a case of individuals ... During ... Read more

Protecting a small business using insurance

JONATHAN DE FRIES | Comments | FRIDAY, 22 MAY 2009

Jon de Fries argues that "well-structured business insurance helps keep your business functioning and protects the value of your business in the case of unplanned events." His paper points out the chronic ... Jon ... Read more

The insurer's claims management dilemma

ALEX WAGNER | Comments | FRIDAY, 22 MAY 2009

Alex Wagner is the claims manager at Zurich. In this paper Alex shows that insurers assess claims under the spotlight of two competing objectives - the need to assess claims quickly because of potential ... Alex ... Read more

Latest News


Cbus head of advice launches firm KANIKA SOOD The former head of advice of the $57 billion superannuation fund has launched a new advisory aimed at working with super funds and dealer groups to develop better models of delivering advice.	Why women struggle in financial advice ELIZABETH MCARTHUR New research points the finger at conflicted remuneration as one of the factors keeping women out of the financial advice industry.

Bank of Mum and Dad forking out serious dosh ALLY SELBY More young Aussies are turning to their parents, the appropriately dubbed 'Bank of Mum and Dad', to help secure equity for a first home deposit, and financial advisers are split on the growing trend.	FPA supports tightening insurance claims ELIZABETH MCARTHUR The Financial Planning Association of Australia said in a submission to Treasury that it supports bringing insurance claims handling under the definition of financial services.

Videos

Brought to you by

Alex Denham | Contribution Landscape for 2019 and Beyond

Cashwerkz: How fintech is streamlining cash investing

Australian Ethical: Clear and present danger

Stuart McMullen | Retirement living options

Kerstin Glomb | Estate planning issues: case studies

Independent Franchise Partners: Finding the intangible to shape success

Dalton Street Capital: Alternatives, underwhelming or underappreciated?

MORE VIDEOS ►

Get it Weekly

Read the latest news and white papers. Get the FS Advice Weekly Newsletter.

Cover Story

MORE STORIES ►

Service with a smile

SIMONE DU CHESNE
FINANCIAL PLANNER
EQ WEALTH

Financial advice might be the family business for Simone Du Chesne, but what really drives her every day is developing her client relationships to guide them through life's greatest challenges. Empathy and understanding are at the heart of everything she does, Elizabeth McArthur writes.

READ MORE ►

Expert Feed

MORE EXPERT FEEDS ►


Angelique Aksenoff Senior Compliance Consultant Assured Support	Jim Stackpool Managing Director Certainty Advice Group	Michael Sonego Partner - Corporate Finance Pitcher Partners	Phil Anderson General Manager Policy & Professionalism Association of Financial Advisers
Dancing with ASIC	Can financial planning firms survive?	Buy it rather than build it	The impact of intense uncertainty
What kind of dance are you dancing? In 2013 Westpac conducted a marketing campaign to encourage customers of their related party, BT Funds Management ...	When do you know you are going out of business - just before you do. Why? Framing Bias. Amos Tversky and Daniel Kahneman explained this years ago. Basically ...	The 'buy it rather than build it' approach that's driving business innovation The strategy behind the acquisitions made by the billion-dollar ...	2019 has been a very challenging year for the financial advice sector. Any time of great change will ultimately have a deeper impact upon individuals ...
READ MORE ►	READ MORE ►	READ MORE ►	READ MORE ►

Industry Events

MORE INDUSTRY EVENTS ►

FEB

Chief Economists Forum

►

FEB

Chief Economists Forum

►

MAR

Advisers Big Day Out - Perth

►

MAR

Advisers Big Day Out - Adelaide

►

MAR

Advisers Big Day Out - Melbourne

►

Your Opinion

MORE POLLS ►

Will your business be hiring new advisers in 2020?

Professional Subscription for $295
(inc GST) for 1 year.

Premium Subscription for $395
(inc GST) for 1 year.

Principal Subscription for $495
(inc GST) for 1 year.

OTHER PUBLICATIONS

FS Advice

The Australian Journal of Financial Planning.

MORE INFO ►

OTHER PUBLICATIONS

FS Super

The Journal of Superannuation Management.

MORE INFO ►

OTHER PUBLICATIONS

FS Private Wealth

The Journal of Family Office Investment.

MORE INFO ►

OTHER PUBLICATIONS

FS Managed Accounts

The Journal for Managed Account Professionals.

MORE INFO ►

Get the free iPad app

Download the Financial Standard iPad app for FREE.

DOWNLOAD

► AFSL Support Services	► Research Houses

► Cash Flow Financing	► Research Services

► Contracts for Difference	► Retirement Products

► Education & Training	► Reverse Mortgages

► Industry Associations	► Stockbroking Services

► Investment Managers	► Structured Investments

► Managed Accounts	► Super Funds Personal

► Margin Lending	► Super Funds SMSF

► Online Brokers	► Super Funds Workplace

► Portfolio Services	► Technology Providers

► Recruitment Firms	► Third Party Marketing