The recent ASIC report into direct life insurance shows a whopping 58 per cent of claims under a direct life insurance policies were accepted by the issuers of direct life insurance. It certainly highlights the need for advice!
Jewellery can be worth much more than its monetary value. It’s often special, meaningful, and irreplaceable. And unfortunately, sometimes it gets lost or stolen.
We understand the impact this can have on our customers. But we’re not just here to make emotional assurances. We’re here to do what we do best: helping you recover as much of the financial value as possible if the worst happens.
In our recent blog we covered off what the cyber risks are and where the "traditional" insurances commonly leave gaps.
But like most insurance policies no two policies are created equal. Once you've identified the risks that you face we'd recommend measuring a policy against our checklist below to see how it will respond.
Nowadays more and more devices and pieces of equipment are being connected to the internet or are being run by complex computer systems. With our increasing dependence on these systems and technology in general come a new set of risks that you may not yet thought about let alone have insurance for!So what cyber risks does a typical business face?
You dont need to look far to spot the difference.
A recent report showed that claims from the Non Advised (Direct) life insurance policies were 71% more likely to be denied. On the flip side “Advised retail life insurance was typically thoroughly underwritten at application time and was actively managed by an Adviser at claim time” leading to it making up 70% of all claims.