TAL profit soars despite group life struggles
22 May 2017
TAL recorded 11% growth in ordinary revenue to $3.5 billion in the year to March 31, according to results issued by parent Dai-ichi Life Holdings…
Life Insurance
Advisers ‘deliver cheaper life cover’
22 May 2017
Direct life insurance premiums are more expensive than those on cover obtained through an adviser, according to a new report…
Standardise definitions to ease complexity, Gen Re says
22 May 2017
Adopting common definitions for all policies can help simplify complex life insurance products, Gen Re says…
Bank compensation schemes have a long way to go
22 May 2017
The big four banks and AMP have paid $60 million in compensation to clients, from an expected total of more than $200 million…
Infocus enjoys early success with H&R Block tie-up
22 May 2017
Infocus Group has seen 20,000 clients of taxation specialist H&R Block seek advice on matters such as life insurance during a nine-week pilot program in Queensland…
Sony Life delivers flat result
22 May 2017
ClearView partner Sony Life has reported a small increase in ordinary revenue but a slight decline in profit for the year to March 31…
Mortgage Choice reports strong premium growth
22 May 2017
Mortgage Choice has reported a 30% year-on-year increase in inforce insurance premium for the third quarter…
NZ adviser guilty over false policy applications
22 May 2017
A New Zealand adviser has admitted making four false life insurance applications…
Budget measures should end royal commission call: FSC
15 May 2017
The Financial Services Council says consumer protection measures in the Federal Budget should end calls for a royal commission into the sector…
AMP turnaround efforts ‘are working’
15 May 2017
AMP says its wealth protection arm’s annual inforce premium fell 1% to $1.94 billion in the first quarter…
CommInsure denies document tampering
15 May 2017
CommInsure has rejected allegations that documents stored in its medical claims tracking system were deliberately tampered with or deleted…
Productivity Commission to review competition
15 May 2017
Competition in the financial system will be examined in a Productivity Commission inquiry…
Bank founder made CBA financial services exec
15 May 2017
Coenraad Jonker, co-founder of South African branchless banking start-up Tyme, has been appointed Group Executive International Financial Services at Commonwealth Bank, replacing Rob Jesudason…
Regulators launch life claims data pilot
08 May 2017
Regulators have started the pilot phase of a project to improve public reporting of the life insurance industry’s claims performance…
Insurance in super discussion paper released
08 May 2017
The Insurance in Superannuation Working Group has released the third in a series of discussion papers as it moves towards developing a Life Insurance Code of Practice for superannuation trustees…
BT Life a ‘standout’ as inforce premium rises
08 May 2017
BT Life says inforce premium grew 11% to $1.03 billion in the six months to March 31…
Gallagher Bassett sets up life service
08 May 2017
Third-party claims administrator Gallagher Bassett has established a life and disability division in Sydney and Auckland to improve claims outcomes…
OnePath reports premium decline
08 May 2017
ANZ’s wealth business, largely driven by its life insurer OnePath, says overall inforce premium declined 4% to $1.83 billion in the six months to March 31…
‘Genuine concern’ key to successful relationships
08 May 2017
Financial advisers must be committed and genuine when reaching out to clients, financial services education expert Jim Taggart says…
AIA adds term level premium structure
08 May 2017
AIA Australia is introducing a term level premium structure to its Priority Protection suite of life insurance products, to provide savings and more flexibility for clients…