AIA upgrades electronic claims
14 November 2016
AIA Australia is upgrading its eClaims service to improve the way employers help their workers make life claims…
Life Insurance
FPA reveals award finalists
14 November 2016
The Financial Planning Association has announced the finalists in all six categories for its annual awards…
Life insurers want standard definitions, Gen Re says
07 November 2016
About 69% of the respondents to a Gen Re survey want minimum standard definitions in life insurance…
ANZ to sell OnePath life business
07 November 2016
ANZ has flagged the sale of its OnePath life insurance business, although it will continue distributing products from the division…
Humans still have edge over robots, advisers say
07 November 2016
Robo-advice is not ready to replace human-delivered financial planning, according to a global survey of advisers…
Claims, lapses offset BT Life premium gains
07 November 2016
BT Life says inforce premium grew 9% to $973 million in the year to September 30…
Super funds urged to raise game on income protection
07 November 2016
Superannuation funds must better segment their memberships to provide tailored income protection cover, according to Rice Warner…
AZ NGA continues along acquisition trail
07 November 2016
AZ Next Generation Advisory has bought its 13th financial advice practice – a former Financial Wisdom business in Perth…
Workplace health schemes misdirected, MetLife says
07 November 2016
Australian workers place more importance on depression and stress concerns than their employers, according to a workplace study by MetLife…
Nation’s life expectancy climbs again
07 November 2016
Life expectancy has reached new highs, according to the latest Australian Bureau of Statistics estimates…
ASIC bans Affinia adviser over life sales
07 November 2016
A former Affinia life insurance adviser has been banned for five years by the Australian Securities and Investments Commission…
Super industry bodies join forces on group life
07 November 2016
A number of superannuation industry organisations have formed a working group to examine group life insurance…
Group life premiums a growing source of discontent
07 November 2016
Complaints about group life insurance premiums have risen steadily over the past five years, according to the Superannuation Complaints Tribunal…
Life insurers ‘slow to meet’ consumers’ changing needs
07 November 2016
Generations X and Y want simple, transparent pricing and quick delivery of life insurance products, according to economist Michael Naylor…
Retiring advisers losing value in practice ‘fire sales’
31 October 2016
Advisers who have not made succession plans are putting their practices on the market hoping for big profits but ending up with fire sales, a business broker has warned…
AMP Life losses stack up
31 October 2016
AMP Life’s losses continue to rise, with the insurer reporting a negative $44 million exposure in the three months to September 30…
OnePath bears brunt of life advice compo
31 October 2016
Only two of the big four banks’ life insurance operations will be forced to pay compensation to clients by the Australian Securities and Investments Commission…
Sony investment to aid ClearView expansion plans
31 October 2016
Another Japanese life insurer has entered the Australian market, with Sony Life buying a 14.9% stake in ClearView for $145 million…
Challenger secures AMP, Mitsui distribution agreements
31 October 2016
Challenger has struck new annuity distribution deals with AMP and Mitsui Sumitomo Primary Life…
NobleOak named leading direct life insurer
31 October 2016
NobleOak Life has been named overall winner in the Strategic Insight direct life insurance excellence awards…