Drug use among over-40s rises as ice trend continues
05 June 2017
Increasing numbers of people aged over 40 are using illicit drugs, according to a report from the Australian Institute of Health and Welfare…
Life Insurance
FPA calls on ASIC panel to take monitoring role
05 June 2017
The Financial Planning Association wants the proposed Australian Securities and Investments Commission financial services panel to take on a monitoring role, rather than focusing only on enforcement…
Policy specialist rejoins AFA
05 June 2017
Former Association of Financial Advisers (AFA) COO Phil Anderson has rejoined the organisation as GM Policy and Professionalism…
MLC upgrades claims management software
05 June 2017
MLC Life is using technology from international software provider ClaimVantage in its claims transformation program…
FPA warns over box-ticking compliance
05 June 2017
A government and consumer expectation that every breach will be detected and reported will create box-ticking compliance in the financial services industry, the Financial Planning Association warns…
Freedom share grows as sales surge
05 June 2017
Freedom Insurance doubled its market share last calendar year, recording $47 million of direct annual premium sales, up from $22.8 million the previous year…
Zurich upgrades TPD offering
05 June 2017
Zurich Financial Services Australia has revamped its total and permanent disability product, introducing non-occupation-based assessment criteria and a more flexible superannuation optimiser facility with rate reductions…
Fitch predicts flat earnings for Japanese groups
05 June 2017
Japanese life insurers’ earnings will remain flat in their financial year to next March, according to Fitch Ratings…
AIA breaks new ground with health insurance JV
29 May 2017
AIA Australia will offer health insurance after forming a partnership with GMHBA and South African financial services provider Discovery…
Industry profits fall further, APRA says
29 May 2017
Life insurance net after-tax profit fell to $2.4 billion in the year to March 31, compared with $2.9 billion the previous year, according to Australian Prudential Regulation Authority data…
Questions grow over AMP life business
29 May 2017
A recent investor-day briefing on AMP’s growth plans focused on expanding operations in China and its adviser groups, but excluded life insurance…
FPA raises concerns on APL standard
29 May 2017
The Financial Planning Association has called for a proposed standard on approved product lists to be significantly expanded…
AIA picks up HESTA life contract
29 May 2017
AIA Australia has won the HESTA life insurance tender, beating seven-year incumbent CommInsure…
AI innovator wins MetLife trial opportunity
29 May 2017
An Australian artificial intelligence company has won an award through MetLife’s Asia start-up accelerator Collab…
Genetic testing trend ‘threatens life industry’
29 May 2017
A rise in the number of people taking genetic tests could pose a serious threat to the life insurance industry, a paper presented at the Actuaries Institute summit warns…
MetLife leads group cover awareness drive
29 May 2017
MetLife Australia will run a national campaign to raise awareness and understanding of group life insurance…
Bombora looks to grow life adviser numbers
29 May 2017
Four years after starting in the local marketplace, dealer group Bombora now has 35 life advisers, with more wanting to join the Melbourne-based group…
Survey finds the gaps in life cover
29 May 2017
Only a third of people who responded to a new survey are confident they have enough life cover, while nearly 38% have no cover at all…
AFA begins search for new rising star
29 May 2017
Entries are open for the Association of Financial Advisers Rising Star of the Year Award…
FPA calls for Future2 grant nominations
29 May 2017
The Financial Planning Association wants members to nominate non-profit organisations to receive grants from its Future2 philanthropic arm…