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Life Insurance

Time for changes: Rice Warner calls for new advice regime

26 October 2020

Consultancy Rice Warner has proposed a new advice model that it says will help take the under-pressure industry forward...

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DII claims paid ratio highest in two out of four sales channels

26 October 2020

Disability income insurance policies topped the claims paid ratio in two out of the four channels where the products are distributed, new data from the Australian Prudential Regulation Authority shows...

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Westpac flags $406 million writedown of life business

26 October 2020

Westpac’s full-year financial results, which will be released next Monday, will contain a $406 million writedown of its life insurance business...

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TAL and ClearView avoid decline in life risk premium inflow

26 October 2020

Life risk premium inflows fell 6.4% to $15.9 billion in the year to June 30 as every insurer, with the exception of market leader TAL and ClearView Life, recorded declines during the period, new data from actuaries and researchers Plan for Life shows...

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Celebrity adviser Henderson sentenced

26 October 2020

Former financial planner Sam Henderson has been sentenced to a two-year good behaviour bond and fined $10,000 after being convicted of issuing defective disclosure documents and dishonest conduct...

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ALUCA names excellence award winners

26 October 2020

Joanne Faglioni, the former head of claims for OnePath who became Chief Claims Officer handling retail and group claims for Zurich and OnePath Life, has won the Leadership Award at last week’s Australasian Life Underwriting and Claims Association annual awards...

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MetLife, Count Financial launch adviser education initiative

26 October 2020

Count Financial announced today it will provide an educational program for its network of risk advisers in collaboration with MetLife Australia...

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