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Life Insurance

AIOFP slams direct insurers’ payout rates

14 March 2016

Direct life insurers are guaranteeing cover at the point of claim rather than when policies are sold, the Association of Independently Owned Financial Professionals says…

AMP holds lead in retail life premium

14 March 2016

AMP has held its leading position in the individual lump sum and income protection markets despite losing share, according to new life cover premium inflow data from Plan For Life…

ASIC to publish life regulations next month

14 March 2016

The Australian Securities and Investments Commission will release its legal framework for the life insurance industry next month, before it takes effect on July 1…

Zurich buys Macquarie Life

07 March 2016

Zurich Australia will buy Macquarie Life for an undisclosed sum, and says all staff will be transferred when the deal is finalised in the second half of this year…

Government passes FOFA amendments

07 March 2016

Legislation amending the Future of Financial Advice Act has been passed, enabling opt-in renewal notices to be extended to 60 days…

TAL links up with education foundation

07 March 2016

TAL has joined forces with the Personal Injury Education Foundation to provide professional courses for its claims and rehabilitation teams…

MetLife to sell US adviser force

07 March 2016

MetLife has agreed to sell its network of 4000 US advisers to the Massachusetts Mutual Life Insurance Company for an undisclosed sum…

AMP reveals board changes

07 March 2016

Former AMP Life non-executive director Geoff Roberts will join the financial services company’s main board in July…