APRA group life reforms prompt mixed response
25 May 2015
Group life insurers’ responses to increased compliance rules have been varied, according to the Australian Prudential Regulation Authority…
Life Insurance
Moody’s paints gloomy picture for life industry
25 May 2015
The Australian life insurance industry continues to face a gloomy outlook, according to a new report from Moody’s…
TAL owner reports direct life surge
18 May 2015
Dai-ichi Life has reported a 31.3% increase in new direct life net premium and a 27% rise in annual net premium for the year to March 31…
NZ life premium maintains growth
18 May 2015
New Zealand’s total annual inforce life insurance premium was $NZ1.9 billion ($1.76 billion) last year, after rising 43% over the past five years…
AFA conference puts focus on peer-to-peer learning
18 May 2015
The theme of this year’s Association of Financial Advisers national conference is “connecting knowledge with performance”…
Italian-backed dealer group buys famous name in financial advice
18 May 2015
Renowned financial advice business Eureka Whittaker Macnaught has been bought by AZ Next Generation Advisory, a subsidiary of Italian fund manager Azimut Group…
Advisers welcome Government’s small business package
18 May 2015
Financial advice practices are expected to take advantage of the Federal Government’s new small business package…
AMP flags further advice changes
11 May 2015
AMP says changing the way its advisers are paid for selling life insurance is only the first step in a reform process…
Online tool helps advisers make case for life cover
11 May 2015
TAL has built an online interactive claims-paid statistics tool to help advisers illustrate the need for life insurance…
NAB Wealth secures life reinsurance deal
11 May 2015
NAB Wealth has reinsured 21% of its inforce retail life insurance book, which will release about $500 million of capital…
Zurich moves life applications into express lane
11 May 2015
Zurich Financial Services has introduced a new life insurance quoting and application system called ZXpress…
AMP life premium falls flat
11 May 2015
AMP has reported a 0.5% drop in total life insurance premium to $1.92 billion for the first quarter…
Synchron makes progress on level premium structure
11 May 2015
Specialist life insurance dealer group Synchron says four insurers are working on the costing phase of a new premium structure for products…
AFA opens entries for education award
11 May 2015
Entries for this year’s Association of Financial Advisers excellence in education award are now open…
Centrepoint advisers accept hybrid and level commissions
04 May 2015
Centrepoint Alliance advisers have agreed to use a hybrid commission structure for life insurance products from July 1…
AMP makes hybrid commissions switch
04 May 2015
AMP will pay hybrid commissions on new life policies sold by its advisers from July 1, and it will limit advisers to a single one-year payment every five years…
Report ‘will force advisers out of life market’
04 May 2015
Premium inflows from advisers could drop by 30-40% if the Trowbridge report’s recommendations on life insurance remuneration are adopted, a research house has warned…
Direct life sales dip following recent growth spurt
04 May 2015
Direct life insurance total premium inflows fell 3.6% to $538 million last year, according to researchers Plan For Life…
WA dealer groups join forces
04 May 2015
Dealer groups Sentry and WealthSure, both based in WA, have confirmed their merger…
TAL payouts up as more consumers claim
27 April 2015
TAL paid more than $947 million in claims last year, up 12.5% compared with 2013…