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…
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…
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…
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…