By API User
A “loyalty tax” appears to be alive and well in the life insurance industry in Australia, with those who stay loyal to their insurer likely to be paying higher premiums than new customers. Analysis by Insurance Watch indicates that price is the top concern of life insurance policyholders, with feedback on premiums featuring in … Continued
By API User
PARIS and LONDON and NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) — Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, a leading growth equity firm … Continued
By API User
Doctors are warning Australians not to ignore hay fever symptoms as the allergy season arrives this year. Bupa Clinical Director Dr Tony MacDermott said the caution was most important for asthmatics, as most people with asthma were also susceptible to hay fever. Hay fever affects about 1 in 5 Australians, which can be … Continued
By API User
MONDAY, 16 SEPTEMBER 2024: HCF, Australia’s largest not-for-profit health fund, has once again proven its leadership in delivering value for its members, winning Canstar’s prestigious Outstanding Value – Health Insurance Australia award for the ninth consecutive year. HCF has won more National and State Canstar awards than any other health fund. This year’s state-based accolades … Continued
By API User
Following the recommendations of a report led by Monash University’s Dr Jane Tiller and Professor Paul Lacaze, the Australian Government has today announced that it will legislate to completely ban the use of genetic test results in life insurance underwriting. Consistent with the recommendations, the Government has announced that the Australian ban will not be … Continued
By API User
WEDNESDAY, 11 SEPTEMBER 2024: HCF, Australia’s largest not-for-profit health fund, is proud to announce our outstanding performance in the 2024 Finder Customer Satisfaction Awards, where we’ve been recognised as a leader in value and trust among both health and life insurance providers. HCF received first place in the highly regarded “Top Value” health insurance category. … Continued
By API User
Bringing the Best Reserving Solution In-House for Unmatched Innovation PARIS, NEW YORK and ATLANTA, Sept. 09, 2024 (GLOBE NEWSWIRE) — Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its acquisition of Arius®, an award-winning P&C reserving software for insurers and reinsurers, known for its innovative tools and … Continued
By API User
The General Insurance Code Governance Committee (CGC) has highlighted its impact on the insurance industry and signals more effective monitoring in the year ahead in its 2023-24 Annual Report. The report, published today, underscores the CGC’s influential role in driving improvements across the industry, with inquiries, investigations and a sanction playing a major role. Chair … Continued
By API User
The General Insurance Code Governance Committee (CGC) has called on insurers to enhance their practices after its follow-up inquiry revealed concerns regarding the oversight of external experts used in claims assessments. The CGC’s report, Oversight of External Experts, is a follow-up to its 2022 report which revealed concerns with the quality of many of the … Continued
By API User
Bupa has announced a new strategic shift in its creative approach and has appointed CHEP Network as its lead creative agency for Australia. The new model will streamline Bupa’s marketing operations and will see CHEP Network partner with support agencies including 2045, Six Black Pens, and Scooter. Bupa Health Insurance Marketing General Manager … Continued
