APRA calls for stress tests to include life reinsurance
16 December 2013
The Australian Prudential Regulation Authority wants life insurers to assess reinsurance risks as part of stress-testing…
Life Insurance
Churn distracts life industry: FPA
16 December 2013
Underinsurance remains the life industry’s biggest problem but it is being overshadowed by the debate on churning, the Financial Planning Association warns…
Life industry inforce business rises 10.5%
16 December 2013
Total inforce life business grew 10.5% to $11.7 billion in the year to September 30, according to research house Dexx&r…
Planners focus on inquiry, FOFA and tax reform
16 December 2013
The financial system inquiry, Future of Financial Advice legislation and tax agent reforms will be high on the agenda for the industry’s professional groups next year…
Life shortfall costs $47 million a year
09 December 2013
Life underinsurance is proving a drain on the public purse, with the total cost to government estimated at $47 million a year, according to a report by actuaries Rice Warner…
Marsh to push life business as part of SME expansion
09 December 2013
Marsh Advantage Insurance will be raising the profile of its life insurance advice business as part of the broker’s push into the small to medium-sized business segment…
Baker takes CommInsure life actuarial role
09 December 2013
CommInsure has appointed Elizabeth Baker as Head of Actuarial, Life…
AFA to hit the road again
09 December 2013
Next year’s Association of Financial Advisers GenXt Roadshow will feature innovation as its theme…
CoreData rates TAL top life insurer
09 December 2013
CoreData has named TAL Ltd as Risk Provider of the Year, followed by Zurich and then CommInsure…
YBR joins SAS in corporate super tie-up
09 December 2013
Yellow Brick Road has formed a joint venture with Super Advice Services (SAS) to provide financial services to more than 200 companies in Australia and New Zealand…
Practice owners work longer to fund retirement
09 December 2013
Australian advisers and brokers are delaying retirement while they build their businesses up to pre-financial crisis values…
Study reveals concern over NZ financial advice
09 December 2013
A stakeholder survey by New Zealand’s Financial Markets Authority has produced contrasting views on the quality of financial advice…
PI insurer calls on brokers to detail adviser risk
02 December 2013
Brokers with financial adviser clients must show professional indemnity insurers which areas their clients work in to obtain better rates, according to Assetinsure…
AIA launches health program
02 December 2013
Life insurer AIA is piloting a new health and wellbeing program to help Australians take their first steps towards healthy living…
NAB replaces West as head of insurance business
02 December 2013
NAB EGM Retail Wealth Duncan West has been replaced by global career banker David Hackett…
Life insurers sign up for reality show
02 December 2013
The Association of Financial Advisers’ reality TV show project has won backing from the life industry and the financial services sector, according to CEO Brad Fox…
NZFSC wants annuity product in KiwiSaver
02 December 2013
The NZ Financial Services Council wants a form of life insurance, such as an annuity product, to be included in KiwiSaver for anybody over the age of 30…
Advice ‘the preserve of the wealthy’
25 November 2013
People who use financial advisers are happy with the service, but only 15% of Australian consumers seek such professional help, according to a new survey…
Snowball calls for reform of life insurance model
25 November 2013
The forthcoming financial system inquiry should address significant structural issues in life insurance, Suncorp Group CEO Patrick Snowball says…
Life insurers’ profit falls 26%
25 November 2013
The life insurance industry’s aggregate profit fell 26% to $2.24 billion in the year to September 30…