Australians think life insurance ‘unnecessary’
31 March 2014
About 14% of people consider life insurance unnecessary because they think their super funds will cover their families’ possible needs, according to a new survey…
Life Insurance
APRA approves illiquidity premium calculation
31 March 2014
The Australian Prudential Regulation Authority received no submissions on its plan to change illiquidity premium calculations for life insurers…
Advice industry supports FOFA bill
24 March 2014
The financial advice industry has welcomed amendments to the Future of Financial Advice legislation, but is concerned at the growing public opposition to the changes…
FOFA supporters take no joy in Sinodinos exit
24 March 2014
Arthur Sinodinos’ departure from the assistant treasurer role will not stop the Abbott Government’s attack on the Future of Financial Advice legislation, according to…
Men dominate life cover enquiries
24 March 2014
Men are more likely to search for life insurance than women, according to comparator website lifeinsurancefinder.com.au…
Life industry shows strong growth
24 March 2014
Life insurance inforce premium grew 12% to $12.2 billion last year, with group life recording a 20% increase to $4.35 billion…
AIA chief Crewe becomes FSC director
24 March 2014
AIA Australia CEO Peter Crewe has joined the Financial Services Council board…
CommInsure takes top life award
17 March 2014
CommInsure has been named life company of the year by the Association of Financial Advisers and Plan For Life…
Life’s not as bad as it seems
17 March 2014
Life insurance has become the bad boy of the financial services industry, with declining revenues, higher claims and many policyholders not renewing…
Life insurers ‘ready to adapt’
17 March 2014
Life insurers have accepted that something must change if the industry is to be sustainable, according to Suncorp Life CEO Geoff Summerhayes…
Disability cover shortfall hits public purse
17 March 2014
The Federal Government could save $340 million on disability pensions in just one year if people were adequately insured for such events, according to a study by…
Zurich promotes BDM to life sales role
17 March 2014
Zurich Financial Services has appointed Khanh-vy Ho as Regional Sales Manager Life Risk, Victoria…
Super members reveal knowledge gaps on life cover
10 March 2014
Many super fund members wrongly believe their group life insurance protects them against medical costs, according to a survey by Zurich…
Good year for life market with 11.4% growth
10 March 2014
Life insurance premium inflows were up 11.4% to $12.8 billion for 2013, according to the latest figures from financial researcher Plan For life…
NIBA pioneer Gwen Fletcher dies
10 March 2014
Gwen Fletcher, the doyenne of Australian financial planning and founder member of the National Insurance Brokers Association’s life committee, has died in a Sydney nursing home, aged 94…
Treasury moves on lost super will hit members’ insurance
10 March 2014
The Federal Government could face a considerable increase in disability payments if young people lose their insurance cover due to the proposed changes to account thresholds for lost super members…
Accountants ‘throwing away insurance referral income’
10 March 2014
Accountants are not reviewing their clients’ insurance and therefore missing out on potential referral income, according to Effective Referral Management Director David Phelan…
FSC urges review of regulators
03 March 2014
The Financial Services Council has called for a review of the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority as part of the financial system inquiry…
Simon McKeon to be next AMP chairman
03 March 2014
AMP Chairman Peter Mason will retire at the forthcoming AGM, to be replaced by Simon McKeon…
Yellow Brick Road reports good insurance sales
03 March 2014
General insurance sales have performed well during the six months ending December 31, says Yellow Brick Road Executive Chairman Mark Bouris…