Medical and Life Companies to Merge
Nib is planning to bring its two New Zealand businesses under one roof to streamline and simplify the structure of its New Zealand operation. The change will require regulatory approval.
The firm currently operates Nib...
Nib’s Top Five Medical Claims for October
Claims for heart surgery appear four times in latest list of highest value procedures funded by nib – and they are all men.
Topping the table for October is a 61-year-old who required an operation...
Genetic Test Poll
With the Federal Government in Australia seeking feedback on the use of genetic test results by insurers, it seems this technology could well form part of the insurance application process in the future.
One view...
Adviser Firm Licence Cancelled by FMA
The FMA has cancelled Foundation Advice Limited’s (FAL) FAP licence. FAL was an Auckland-based company offering advice on life and health insurance as well as KiwiSaver.
The High Court put FAL into liquidation on 26...
No ‘Red Flags’ for Advisers in Level 5 Review
An assurance that the Certificate in Financial Services will remain fit-for-purpose caught the attention of Riskinfo readers this week…
Suggested updates to the current New Zealand Certificate in Financial Services (Level 5) will be...
Australia – Consultation Opens on Genetic Tests
Australia's Federal Government is to seek feedback on the use of genetic test results by insurers.
Christine Cupitt, CEO of the Council of Australian Life Insurers, says genetic testing can help empower Australians to manage...
Insurer Faces $2.1m Penalty
Medical Assurance Society New Zealand (MAS) has been ordered to pay a pecuniary penalty of $2.1 million for making false and/or misleading representations to some customers, following proceedings brought by the FMA.
The mutual society...
FSC Looking Forward to Working with Incoming PM Luxon
The FSC's CEO Richard Klipin says the financial services sector welcomes the National, ACT, and New Zealand First coalition government and looks forward to working with it.
“The financial strength of every New Zealand family...
Adviser Edge Training for 2024
Fidelity Life is running three industry training courses early next year aimed at helping both new and experienced advisers working with the firm.
Under the Adviser edge umbrella, the company is providing a range of...
Fidelity Life Policy Changes
Fidelity Life has altered a range of its products, including one that now offers increased sum insured limits for children with standalone life or trauma cover.
The firm says the changes were delivered in direct...