Happy 175th, life insurance!
The Australian life insurance industry chalked up its 175th anniversary last week.
On September 5 1833 Alliance Assurance issued the first life policy in Australia to Joseph Tice Gellibrand, the Attorney-General of Tasmania. The policy also triggered the first claim when Mr Gellibrand died four years later.
Alliance Assurance was later incorporated into Asteron, now part of the Suncorp Group.
On September 5 1833 Alliance Assurance issued the first life policy in Australia to Joseph Tice Gellibrand, the Attorney-General of Tasmania. The policy also triggered the first claim when Mr Gellibrand died four years later.
Alliance Assurance was later incorporated into Asteron, now part of the Suncorp Group.