1+ week, 4+ day ago   (438+ words) Home > Life Insurance > Unnamed life insurer sanctioned over 10,105 breaches Managing Editor and Publisher A major life insurer has not been named despite the Life Code Compliance Committee (LCCC) sanctioning it for failing to meet its commitments leading to “inaccurate, incomplete and…...

1+ week, 5+ day ago   (534+ words) The Life Insurance Code Compliance Committee (Life CCC) has sanctioned a life insurer after more than 10,000 breaches meant customers received annual notices that were inaccurate, incomplete or issued late. Between August 2024 and January 2026, the insurer failed to include relevant policy benefits,…...

1+ mon, 1+ day ago   (769+ words) Insurance Business General insurance complaints hit a third record – brokers are not driving them What the AFCA data does and doesn’t say about the intermediated channel Nearly half of all general insurance written in Australia flows through brokers, yet the…...

1+ mon, 6+ day ago   (86+ words) ...

1+ mon, 1+ week ago   (730+ words) Insurance Business Record AFCA complaints mask a worse story in insurer compliance data Claims handling failures were accumulating well before policyholders reached the ombudsman Rejection of claim complaints for comprehensive vehicle insurance rose 47% in 2025-26, superannuation insurance claim rejection complaints climbed…...

1+ mon, 2+ week ago   (148+ words) Nikkei Asia Prudential Life Insurance to fundamentally reform compensation system Japanese affiliate of US giant makes move after customer exploitation scandal TOKYO -- Prudential Life Insurance has decided to abolish a salary system that leans heavily on commissions, Nikkei learned on…...

1+ mon, 2+ week ago   (390+ words) Prudential Life Insurance's compensation committee of external experts announced on the 24th that it has certified an additional 125 victims, with total losses of approximately ¥790 million ($4.8 million). This brings the total certified damages at the company and its group affiliate Gibraltar Life…...

1+ mon, 3+ week ago   (257+ words) One Inc, a digital payments network for the insurance industry, has entered a strategic partnership with policy administration provider CalcFocus to help life insurers modernise premium collections and improve the policyholder payment experience. The partnership will integrate One Inc’s PremiumPay…...

3+ mon, 5+ day ago   (549+ words) "Most people assume a death benefit is a private inheritance. It isn't. If you die with outstanding business debts or personal guarantees, your insurance payout is just another asset for creditors to seize," he said in a post on social…...

3+ mon, 1+ week ago   (728+ words) Prudential Financial will cut a further 53 jobs in Newark, New Jersey, on 17 July, according to a state filing, as the insurer battles the fallout from a $1 billion hit linked to misconduct at its Japan affiliate and an extended sales ban....