Nippon bolsters Australian presence with Resolution deal
16 December 2024
Japan’s Nippon Life has announced an $US8.2 billion ($13 billion) acquisition that it says will consolidate its position in the Australian market...
Life Insurance
Advice reforms face election interference, FAAA says
16 December 2024
Advisers say the release of draft legislation for the next phase of advice reforms may be decided by the timing of the federal election, which must be held by May...
Super fund renews AIA group contract
16 December 2024
Super fund Colonial First State has retained AIA Australia as its group insurance provider for another three years...
Asteron Life gives claims rundown
16 December 2024
New Zealand insurer Asteron Life paid $NZ112 million ($102 million) in claims benefits last financial year, according to an update from the Suncorp-owned business...
Investment result drives industry profit
09 December 2024
The life industry posted a net profit of $459 million for the September quarter, according to the prudential regulator’s quarterly update...
‘Had to happen’: insurers embrace simple advice model
09 December 2024
Life insurers have hailed the next phase of advice reforms as a “big win” for Australians, but financial advisers are more cautious, saying they want further detail on how the changes will be implemented...
TAL claims update reveals mental health toll
09 December 2024
TAL says mental injury was its leading source of claims in the six months to September...
ASIC breaks down life insurer complaint caseloads
09 December 2024
Term life products prompted the most complaints to life insurers last financial year, according to the Australian Securities and Investments Commission...
AIA boss joins mental health advocacy group
09 December 2024
AIA Australia CEO Damien Mu has become an ambassador of Australians for Mental Health, a grassroots movement seeking increased policy focus on emotional wellbeing...
TAL marketing manager takes on consumer role
09 December 2024
TAL has chosen sales and marketing GM Alexis Denby to lead its new consumer and growth team...
Claimant wins TPD payout despite injury disclosure breach
02 December 2024
A painter who failed to tell his insurer about previous treatment for neck pain has won a court battle to have his total and permanent disability claim accepted...
‘Smooth transition’ as AMP finalises advice deal
02 December 2024
AMP has today announced the completion of a deal for its advice business that was first flagged in August...
Life cover in firing line as consumers cut costs
02 December 2024
The Council of Australian Life Insurers warns financial security is taking a back seat after new data showed many people would reduce their life cover before cutting home or car insurance...
Melbourne adviser take top honours in FAAA awards
02 December 2024
Financial Advice Association Australia has presented awards to the profession’s standout performers...
Family violence charity secures MetLife grant
02 December 2024
Queensland-based DV Safe Phone has been chosen to receive funding from MetLife’s community impact grant program...
AIA launches online mental health consultations
02 December 2024
AIA is offering a virtual mental health support service for life customers and their immediate families...
Cancer victim loses dispute over death cover reinstatement
25 November 2024
The estate of a woman who made a trauma claim for breast cancer has lost its fight over a subsequent death claim because she died before cover could be reinstated...
Suspended adviser relied on old information
25 November 2024
The Financial Services and Credit Panel has suspended adviser Ian Reid’s registration for three months over breaches of his obligations...
Super reforms ‘a big win’ for retirees, industry says
25 November 2024
Life insurers have backed the federal government’s plans to reform the superannuation system...
ClearView addresses ASX query over claims loss update
25 November 2024
ClearView Wealth says the claims update given at its recent annual general meeting was not deemed “price-sensitive” and its long-term targets remain unchanged...