Soaring income offsets TAL claims surge
17 November 2014
TAL’s half-year net profit grew to $71 million from $29 million as higher income offset record claims payouts…
Life Insurance
Rising premiums force group life contract reviews
17 November 2014
Almost two-thirds of organisations facing group life premium increases are reviewing their insurance, according to an Aon Hewitt survey…
Groundbreaking surgeon and insurance pioneer dies
17 November 2014
The “father of trauma insurance”, Marius Barnard, has died in South Africa aged 87. He had been suffering prostate cancer for the past 17 years…
KordaMentha to monitor CBA compliance
17 November 2014
Independent expert KordaMentha Forensic has been appointed to oversee Commonwealth Bank’s compliance with new licence conditions imposed on its financial planning arms…
Comment: Military withdrawal poses questions on cover in super
17 November 2014
Insurers including CommInsure have come under the media spotlight recently after withdrawing life cover for military personnel entering war zones – but the reports have not…
Zurich life CEO takes over Asia operation
17 November 2014
Zurich Australia Life & Investments CEO Colin Morgan has been promoted to CEO of the group’s life business in the Asia-Pacific region…
Media and reputation expert to run FSC
17 November 2014
The Financial Services Council has appointed former journalist Sally Loane as CEO, to replace John Brogden from January…
Consumers owed $10 million from FOS decisions
17 November 2014
Financial services advisers and other providers owe 165 consumers $10.91 million following determinations by the Financial Ombudsman Service…
Victorian stamp duty repeal causes confusion
10 November 2014
The Victorian Government’s move to abolish stamp duty on life insurance could result in retail and group policyholders paying more rather than less…
ClearView tips super product to raise life sales
10 November 2014
ClearView expects more life insurance cross-selling through its new WealthFoundations super product…
More advisers seek CFP accreditation
10 November 2014
The Financial Planning Association says enrolments for its Certified Financial Planner summer course are up 100% on last year…
AIA agrees RAC-WA life cover deal
10 November 2014
AIA Australia has signed a four-year deal with RAC-WA to offer life insurance to its 800,000 members…
MetLife lab to research life business models
10 November 2014
MetLife has opened an innovation centre in Singapore to develop new business models for life insurance in Asia, including Australia…
Steadfast links with MetLife on life sales
03 November 2014
Listed broker Steadfast is to sell group life insurance to SMEs in partnership with major insurer MetLife…
Legal firms join Commonwealth’s bad advice review
03 November 2014
Commonwealth Bank has appointed three law firms as independent customer advocates under its review of shoddy financial advice…
Munich Re creates life management team
03 November 2014
Munich Re has united its retail, direct and group life operations under one management team led by Frank Crapis…
Zurich promotes underwriting head
03 November 2014
Zurich Life & Investments has promoted chief underwriting officer Phil Anderson to COO…
APRA issues group life guidelines
03 November 2014
Group life insurers must ensure premiums are sustainable throughout contracts, according to a new Australian Prudential Regulation Authority practice guide…
Macquarie Life reports premium gains
03 November 2014
Macquarie Life says inforce premium increased 10% to $207 million in the year to September 30…
Industry ‘must take ownership’ of life woes
27 October 2014
Life insurers and advisers must work together to fix the problems besetting the industry, Asteron EGM Jordan Hawke says…