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Sep 12, 2023 | 
chatswood.co.nz | Russell Hutchinson
We have just uploaded V102 of the Medical Comparison for those institutional subscribers.
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Sep 11, 2023 | 
chatswood.co.nz | Kelly Olsen
AIA has released their annual claims data for 2022. • None 93% of all claims received were accepted. • None Broken down this comes to $121.5 million in Health claims, $233.8 million in Life claims, $111 million in Trauma claims, $74.4 million in Income Protection claims and $15.3 million in Total Permanent Disablement claims paid. • None Over 30,000 health claims were submitted online via the myAIA customer self-service portal. • None Life insurance accounted for 42% of all claims.
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Sep 11, 2023 | 
chatswood.co.nz | Kelly Olsen
8 Sep 2023 - The FMA has agreed in principle to grant an exemption (with conditions) for climate reporting entities who are listed issuers or registered banks from the requirement to include a copy of, or link to, their climate statements in their annual report for a period of two years.
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Sep 10, 2023 | 
chatswood.co.nz | Kelly Olsen
MinterEllisonRuddWatts has published an article on how intermediaries can prepare for CoFI.
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Sep 10, 2023 | 
chatswood.co.nz | Kelly Olsen
Last week we wrote about Southern Cross refuting claims advisers weren’t informed about dropping a $60,000 a year benefit for non-surgical hospitalisations. Good Returns has followed up their earlier enquiries by approaching other insurers to find out their cover levels to see if Southern Cross’ citation of low rate of use was similar across other insurers.
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Sep 9, 2023 | 
chatswood.co.nz | Russell Hutchinson
The excellent blog, data is plural, publish links to open-source data which may be of interest. One that caught our eye is a link to International cancer statistics.
The World Health Organization’s Global Cancer Observatory provides interfaces to a range of studies and statistics.
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Sep 7, 2023 | 
chatswood.co.nz | Kelly Olsen
6 Sep 2023 - Minister of Commerce and Consumer Affairs, Hon Dr Duncan Webb, July 2023 diary released with the following potential financial services sector related meeting noted:7 Sep 2023 - RBNZ publish a speech by Deputy Governor Christian Hawkesby "Towards good governance in the financial system" https://www.rbnz.govt.nz/hub/news/2023/09/towards-good-governance-in-the-financial-system7 Sep 2023 - The Privacy Amendment Bill was introduced to Parliament this week.
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Sep 6, 2023 | 
chatswood.co.nz | Kelly Olsen
An article on ESG trends and mandatory climate reporting – who it applies to, what do CRE’s have to do, what reporting is required, phased implementation and penalties. They also discuss greenwashing and the recent amendment to The Companies Act 1993 that clarifies that directors can consider matters other than the maximisation of profit when considering the best interests of a company.
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Sep 6, 2023 | 
chatswood.co.nz | Russell Hutchinson
We are often approached by advisers that are looking to acquire a client base whether we know of any available. Right now we have two. A large book in the central region, under contract, and another book which is available in the Auckland region. The Auckland book includes mainly life and health insurance, but also has some KiwiSaver and general insurance renewals as part of the client base.
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Sep 5, 2023 | 
chatswood.co.nz | Kelly Olsen
Southern Cross has refuted a Good Returns article where advisers complained about not being informed about Southern Cross dropping a $60,000 a year benefit for non-surgical hospitalisations.