Cancer death rates are falling for both sexes
06 June 2016
Cancer mortality rates continue to fall, although the disease accounted for 30% of all deaths in 2013, according to new data from the Australian Institute of Health and Welfare…
Life Insurance
Tax board spells out best-interests duty for advisers
06 June 2016
The Tax Practitioners Board is looking for comments on sections of its draft code of professional conduct for tax advisers…
BT Life excels in claims management rating program
06 June 2016
BT Life has achieved the highest score of 95% in the Risk Store’s Claims Management Analysis Program…
Smokers paying heavy premiums for their habit
06 June 2016
Life insurance premiums for a male smoker in their late 50s are now almost double that of a non-smoker, according to research by Canstar…
Advice educator to chair Mentor’s academic board
06 June 2016
Mentor Education has appointed David Lamond as Chairman of its new 10-person academic board…
ClearView facing sale as it raises $50 million
30 May 2016
ClearView is to raise $50 million through a rights issue to repay a Commonwealth Bank debt facility and strengthen its balance sheet…
Uncertainty about lapse rates after life reforms
30 May 2016
Life insurers are still not sure what the impact of the stalled life insurance framework will be on lapse rates, says EY Actuarial Services Manager Tyson Johnston…
Buyers looking harder at life books, despite demand
30 May 2016
Life books are still in demand, although people selling them now face tougher due diligence, Connect Financial Service Brokers CEO Paul Tynan says…
FPA wants standards to be retained for robo-advice
30 May 2016
The Financial Planning Association is calling for the existing financial advice regulations to apply to providers of robo-advice…
Insurers ‘still slow to analyse Big Data’
30 May 2016
Life insurers have a significant amount of Big Data on consumers but they don’t know what to do with it, says Finity Consultant Nicholas Warren…
Adviser loses case against possible ASIC ban
30 May 2016
A NSW adviser has lost his case against the Australian Securities and Investments Commission, which is trying to ban him from the industry…
Life insurance ‘in dire need of innovation’
30 May 2016
While many industries have experienced dramatic change in the past five years, innovation in the life insurance industry has been minimal, says Oliver Wyman Principal Angat Sandhu…
Segmentation of clients ‘boosts relationship’
30 May 2016
Advisers need to tailor their advice depending on which gender they are talking to, according to a white paper released by the Association of Financial Advisers…
Premiums still rising in latest group life figures
30 May 2016
Group life net premiums were up $675 million in the 12 months ending March 31, according to the latest data from the Australian Prudential Regulation Authority…
AIA Vitality program now includes advisers
30 May 2016
AIA Australia has expanded its Vitality program to help a group of financial advisers enhance their business value and personal effectiveness…
Independent expert to review CommInsure claims
30 May 2016
CommInsure has appointed Deloitte as the independent expert to review past declined life insurance claims…
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…