| Log In Subscribe for $0.99/week
  • All News
  • Insurance
    • Jon Paul Hale
    • Claims Stories
    • Russell Hutchinson
    • Steve Wright
    • Insurance Briefs
  • Interviews
  • Investments
    • KiwiSaver
    • The Markets
    • Mint Asset Management
    • Insync Fund Managers
    • Harbour Asset Management
    • Devon Funds
    • Castle Point
  • Mortgages
    • Compare Mortgage Rates
    • TMMOnline
    • Mortgage News
    • Mortgage Rates
    • Mortgage Home
  • News
    • GoodReturns TV
    • Archive
    • News Bites
    • Full Interviews
    • KiwiSaver
    • Responsible Investing
  • People
    • Diary
    • Post a Job
    • Available Jobs
    • Latest People News
  • Research
  • Special Reports
Sponsored By
Asteron Life

Adapt or die, insurers told
Insurance

Adapt or die, insurers told

The majority of existing insurance firms will probably go bankrupt within 20 years’ time as technology shakes up the industry and they struggle to keep pace, a commentator says.

Susan Edmunds
Mon, Oct 31st 2016 06:00AM

Releasing claims data not straightforward: Insurers

Releasing claims data not straightforward: Insurers

3 min read
Southern Cross changes retirees' premiums

Southern Cross changes retirees' premiums

2 min read
TPD a higher hurdle to pass

TPD a higher hurdle to pass

3 min read
Fidelity Life boosts profit

Fidelity Life boosts profit

2 min read
Insurers tackle obesity problem

Insurers tackle obesity problem

2 min read
Nib increases Ultimate Health product price

Nib increases Ultimate Health product price

1 min read
AA enters health insurance market with nib

AA enters health insurance market with nib

2 min read
Partners reinstates up-front commission on health insurance

Partners reinstates up-front commission on health insurance

2 min read
Advisers a small number of IFSO complaints

Advisers a small number of IFSO complaints

2 min read
Concern non-underwritten products not well explained

Concern non-underwritten products not well explained

2 min read
Dormant products drive replacement business: Adviser

Dormant products drive replacement business: Adviser

3 min read
Southern Cross records $35m surplus

Southern Cross records $35m surplus

2 min read
Accuro Health Insurance streamlines claiming process

Accuro Health Insurance streamlines claiming process

1 min read
Increased protection from AA Insurance change

Increased protection from AA Insurance change

3 min read
Partners increases medical policy price

Partners increases medical policy price

1 min read

  • « Previous
  • Next »

Showing 881 to 896 of 1965 results

  • ‹
  • 1
  • 2
  • ...
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • ...
  • 122
  • 123
  • ›
NEWS BITES
What's Hot

QuayStreet nabs another gong
Thu, May 15th 2025 08:48PM
01

Financial planners optimistic about AI's potential
Tue, May 13th 2025 09:02AM
02

Craigs’ 50% stake sale complete
Wed, Apr 30th 2025 12:00PM
03

TA Associates deal to buy Craigs stake clears hurdles
Fri, Mar 21st 2025 05:39PM
04
Latest Comments

Are life advisers expected to recommend the ‘best’ product?
Well said! The FMA is going to act on answers to questions asked that don't put the client first. Mentat’s point on considering all of the market variables is what we all should be considering. Yes, its more work, but that's what we’re paid for. This is also where good scope definitions are critical. Its fine to state you only consider one insurer; you could go as far as saying you only provide $500k life cover contracts from one insurer. If its scoped and disclosed appropriately and the client accepts that scope of service, then go for gold. But don't expect that client to remain one, because another adviser explaining all of the above will pick them up in a heartbeat.
1 month ago Jon-Paul Hale

Sold sign goes up on Consilium
Congratulations to Scott and the outstanding team at Consilium. When I first joined as a partner firm, there were about eight staff and no platform. But they did have a dream and spoke the same investment language I understood and believed in. Courageously built and beautifully executed at sale time. Well done.
1 month ago John Milner

Why did ANZ's adviser originated loans fall in the past six months?
Talking to a lot of advisers around the country a lot say that when ANZ disallowed advisers to negotiates new interest rates for their customers with ANZ took away a part of the adviser's service to their customers, of which advisers had been doing for a long time. ANZ customers are now directed to lock in a new fixed term interest direct online without any advice, not all customers want this.
1 month ago Valkyrie Vulcan

Are life advisers expected to recommend the ‘best’ product?
"I know the FMA will not accept an adviser using the, "well, they rate the best" as sufficient rationale for suitability and marketing only 1 insurer. Also, using that same phrase for changing a client's insurer." That's an interesting thing to 'know' with such clarity. It's a good discussion point, but if you want a more realistic glimpse of what is likely to happen here in the future, speak to those involved in the Australian market about the removal of the 'safe harbour' provision in their financial advice regulation. Not only is it likely that product research into features and benefits likely to become more necessary, not less, but it also seems more and more likely that the actual underwriting terms offered across the entire market will need to be considered. Sounds good, right? In theory this might be true if all insurers were roughly of equivalent standard in underwriting and product with minor divergences. In practice, this will likely mean it's actively wrong to NOT market only one insurer for the majority of cases - whichever insurer currently has the best product to price to underwriting ratio, and marketing any insurer other than that one will be actively breaching regulation.
1 month ago Ross Alexander

Are life advisers expected to recommend the ‘best’ product?
From my two FMA audits, I believe the regulator just needs a reasonable and logical justification for why you selected a particular insurer. If you can't provide one and the product selected just happens to pay the highest commission in the market, then problems could be coming your way.
1 month ago Bryan Tucker
GoodReturns
Good Returns was established in 1997 and was one of the first successful online publishers in New Zealand and continues to be a publishing leader. Good Returns is held in high-regard by its target audience, the financial services industry. A team of highly experienced business journalists update the site daily with topical, breaking and relevant news and views. The team is led by founder and publisher Philip Macalister.
Categories

Insurance

About

About Us

FAQs

Contact

Contact Us

Terms

Privacy


© Copyright 1997-2025 Tarawera Publishing Ltd. All Rights Reserved