The Department of Financial Services has sought explanations from insurance councils on rising commissions failing to boost ...

In FY25, the gross commission paid to agents and intermediaries stood at approximately 7% of the total premium collected, ...

ASSISTANT Treasurer Josh Frydenberg has taken on board recommendations made by the financial services industry to improve life insurance, a sector the corporate supervisor believes is dogged by bad ...

Flexibility in a life insurance policy is a great benefit for customers. It’s a big reason why the wide range of universal life products have been so popular. Drew Gurley However, flexibility in ...

Agents or their nominees will no longer automatically be entitled to commissions for the insurance policies they sold, once they leave the insurer. The company will decide whether to pay or not ...

IRDAI’s move to tighten control over insurance commissions is rooted in hard data that shows a widening gap between ...

The Quality of Advice Review has stated there are benefits of retaining commission for life insurance but admits it could result in lower-quality advice for consumers. There were currently a number of ...

Life/risk advisers should not be viewed in the same manner as those providing investment advice and can’t simply replace commission revenue with fee revenue in the same way investment advisers managed ...

Effective March 31, 2022, the Idaho Department of Insurance revoked the insurance producer license of Kyle Blaine Swallow for violations of the Idaho Insurance Code. Swallow, a licensed insurance ...

The decision was announced in a circular issued on 23 December, aimed at protecting policyholders’ interests, strengthening insurers’ financial health, and restoring discipline in the insurance market ...