Monday, July 22, 2019

How to Get Luckier With Centres of Influence

NSW adviser, Guy Mankey, has shared the benefit of his experience in developing highly successful relationships with centres of influence. Speaking to his peers at last month’s MDRT Annual Meeting in Miami, Mankey based his perspectives around the...

Life Insurers Report Back to FMA on Review Findings

Life insurers have submitted their responses to the Financial Markets Authority and Reserve Bank as their 30 June deadline is now over, following the regulators’ report on conduct and culture of the life insurance...

Poll

Latest Poll – Taking Stock

With another consultation paper recently released to the industry in the form of the FMA’s two proposed standards for transitional licensing (see: FMA Consults...), our latest poll seeks to gain a picture of how...

nib Expands First Choice Network 

nib New Zealand has announced an expansion of its First Choice network, to include additional medical treatments for different specialties, effective 2 July 2019. First Choice network was initially created after nib identified significant variation...

Number of Kiwis Seeking an Adviser Still Too Low – FSC

In the Financial Services Council’s recently published research on how New Zealanders manage risk, 18 percent of respondents said they obtained professional advice for managing potential financial risk (8% from an insurance adviser and...

Genetic Testing Moratorium For Life Insurance in Australia

In Australia, genetic tests are no longer a barrier for consumers seeking life insurance, following the implementation of the Financial Services Council’s Moratorium on genetic tests in life insurance on 1 July. The Moratorium...

Asteron Life Reviews Commissions 

Asteron Life has announced it has reviewed its commission structure for advisers. Asteron Life Executive Manager Life Distribution, Graham Hill, says the review was undertaken, “…to ensure that we are balancing the need to fairly...

Cigna Releases Further Enhancements to OnePath Life Products

Cigna New Zealand has released a second round of changes to its OnePath Life product range. “The latest enhancements are driven by our focus to ensure customers have the right cover to meet their changing...

Industry Responds to Survey Claiming Insurance Market ‘Not Working For Consumers’

Consumer NZ says consumers are not getting a fair deal, following the results of their latest survey research report ‘Fixing the insurance market’. Consumer NZ Chief Executive, Sue Chetwin, said the survey research found significant problems...

FMA Consults on Two Standard Conditions for Transitional Licensing

The FMA is consulting on two standard conditions it may potentially impose for transitional licences, as part of the new financial advice regime. The new regime will be in force from June 2020 and those...