Risk & Insurance

It’s not churn, it’s a pandemic

Clients are dialling back insurance because we're in the middle of a pandemic-fuelled recession. This has nothing to do with churning, advisers say, so why should they be penalised?

Tahn SharpeJuly 13, 2020

Claims advocacy ripe for regulatory reform

It’s arguably the most important service an insurance adviser provides, yet there is no regulation around the provision of claims advocacy and it is rarely written into advice contracts.

Tahn SharpeMay 27, 2020

Radical pandemic insurance plans being scoped by industry

A senate enquiry has revealed new pandemic insurance solutions are being sought by the industry, while ASIC has put pressure on insurers to show flexibility and compassion to consumers.

Tahn SharpeApril 28, 2020

PI insurance woes to continue another 2 years

Finding PI insurance has never been tougher for AFSL holders, and the market is set to further harden before the cycle reverts. The reason is clear: “Losses, losses and more losses…”

Tahn SharpeFebruary 5, 2020

Almost half of risk clients don’t trust their insurer

Large swathes of consumers don’t believe that their insurer will pay up in the event of a life insurance claim, a new study from Metlife has found.

Tahn SharpeJanuary 21, 2020

Riskies and planners ‘two different animals’: Trapnell

Jamming insurance and financial planning together under FASEA’s education bracket will just water down the specialist area, the head of Synchron’s 500-strong network believes.

Tahn SharpeDecember 16, 2019

APRA takes IP insurance into its own hands

The prudential regulator has moved to save income protection insurance providers from their own predilection for aggressive competition with a host of changes that will affect product pricing and design.

Tahn SharpeDecember 12, 2019

Advisers flee risk advice in droves

The number of risk specialists in advice has dropped from 34% to 15% in five years with the LIF laws, overbearing compliance, FASEA and looming threats to upfront commissions to blame.

Tahn SharpeNovember 21, 2019