Independent expert to review CommInsure claims
30 May 2016
CommInsure has appointed Deloitte as the independent expert to review past declined life insurance claims…
Life Insurance
Full trauma payments ‘not sustainable’, says reinsurer
23 May 2016
Life insurers are paying out the full amount of trauma cover for claimants even if they are only off work for a few days, says Munich Re Chief Medical Officer Bill Monday…
Premiums up, but low investment returns hurt life insurers
23 May 2016
Life insurance premiums were up almost $1 billion in the 12 months ending March 31, according to the latest figures from the Australian Prudential Regulation Authority…
Industry super fund sets up life insurance arm
23 May 2016
QSuper is to become the first super fund to obtain the authority to run a life insurance company…
MetLife focuses on innovation, sales with new managers
23 May 2016
MetLife Insurance has boosted its innovation and sales teams with two new senior appointments…
Life industry vulnerable to disruptors, but it has some defences
23 May 2016
The life insurance industry is susceptible to disruption, but has some factors that will help to protect it, Willis Towers Watson Head of Risk Consulting Paul Caputo says…
TAL pushes for healthier customers with new appointment
23 May 2016
A new TAL appointment will focus on the long-term health and wellbeing of its customers…
FSC sticks to cutting adviser life commissions
23 May 2016
The Financial Services Council is keeping the reduction of life commissions as a policy priority for whichever party takes office after July 2…
Mobile super fund members a threat for group life
23 May 2016
Legislation enabling employers and their employees to seek better deals from super funds will see fees become a key factor in attracting new members, according to a leading actuary…
Former Synchron adviser banned for three years
23 May 2016
The Australian Securities and Investments Commission has banned a former Synchron adviser for poor life insurance advice…
Global life market hit by volatility
23 May 2016
Growth in the global life insurance market has been hindered by low interest rates and equity market volatility, says EY Senior Manager David Millar…
ClearView chairman resigns
23 May 2016
ClearView Chairman Gary Weiss has resigned from the board with immediate effect…
NZ advisers, insurers find common ground on commissions
16 May 2016
New Zealand advisers and life insurers have rejected changes to life commissions in submissions to the Government’s financial advice inquiry…
NZ urged to lay down law on robo-advice
16 May 2016
Robo-advice should have to comply with the same rules as traditional models, New Zealand life insurers and advisers say…
Life premiums ‘may eat into super contributions’
16 May 2016
Consumers holding life insurance in superannuation may fall foul of the proposed concessional contribution cap announced in this year’s federal budget, according to Dexx&r…
Election call kills Senate life industry inquiry
16 May 2016
The Senate Economics References Committee’s inquiry into financial advice has lapsed with the double-dissolution election being called…
AMP suffers claims blowout
16 May 2016
AMP Life has reported an $18 million blowout in claims for the three months to March 31…
Uncertainty on regulation poses threat to margins: S&P
16 May 2016
The Australian life insurance industry faces lower margins amid potential regulatory changes, according to Standard & Poor’s…
Adviser awards open for entries
16 May 2016
Nominations are open for the Association of Financial Advisers adviser of the year and practice of the year awards…
Review hears case for adviser rebrand
16 May 2016
Adviser terminology should be simplified to help the public understand the profession’s role, New Zealand’s Ministry of Business, Innovation and Employment has been told…