AIA’s Australian arm praised as ratings confirmed
03 June 2013
Ratings on Hong Kong-based life insurer AIA have been affirmed under Standard & Poor’s new criteria…
Life Insurance
Market leaders struggle to secure new business
03 June 2013
CommInsure and TAL suffered declines in their share of new business in the year to March 31, according to new figures from research house Dexx&r…
Advisers embracing social media
03 June 2013
Advisers are turning to social media for a variety of uses in their businesses, including lead generation and customer care…
Life insurers report strong year
27 May 2013
Life insurers’ combined profits grew 17% to $3 billion in the year to March 31, according to the latest Australian Prudential Regulation Authority figures…
Insurers ‘struggle to cash in on growth’
27 May 2013
Group life insurance is delivering the highest growth in the market but no profits, according to Experien CEO Clive Levinthal…
Direct insurers gain market share
27 May 2013
The direct life market is starting to impinge on the adviser distribution channel as products grow increasingly similar, according to new research by Plan For Life…
Flu can be expensive for insurers
27 May 2013
A flu pandemic in Australia could have a 32% direct impact on the profitability of a large insurer, according to Aon Benfield Asia Senior Broker Pierre Vende…
Super industry considers aged care cover
20 May 2013
Super funds could become active in aged care insurance under retirement planning reforms proposed by an industry body…
TAL profits hold steady amid economic fears
20 May 2013
Life insurer TAL has posted flat annual profits, and warns economic uncertainty is causing Australians to cut costs and reduce cover…
AMP announces product makeover
20 May 2013
AMP has enhanced its wealth protection range, including insurance, to offer more choice and flexibility…
AFA adds to mentor scheme
20 May 2013
The Association of Financial Advisers has upgraded its mentoring program for young professionals, with face-to-face meetings, webinars and discussion papers…
Wholesale risk dents Commonwealth’s premium growth
20 May 2013
Commonwealth Bank says insurance premium growth has been “subdued” in the first quarter…
AFA offers support to women in industry
20 May 2013
The Association of Financial Advisers is to launch an initiative supporting women in their professional and private lives…
AMP reports small increase in life income
13 May 2013
AMP has reported a slight improvement in life insurance annual premium income for the three months to March 31, rising to $1.75 billion from $1.74 billon…
FSC wants intra-fund advice all round
13 May 2013
The Financial Services Council has called for intra-fund advice to include life insurance products…
NAB insurance earnings dip as claims rise
13 May 2013
NAB Wealth’s insurance earnings fell 48% to $48 million in the six months to March 31 on higher claims, increased lapses and changes to the retail insurance book profile…
Go direct to Gen X, Deloitte tells life insurers
13 May 2013
Life insurers should use direct marketing to attract Generation X consumers, according to a new report by Deloitte…
Financial advisers still preparing for FOFA, survey finds
13 May 2013
Many financial advisers are unprepared for new rules that take effect from July 1, according to a survey by software company Midwinter…
Young females are ‘new face of financial planning’
06 May 2013
Female membership of the Financial Planning Association is growing each year, reflecting “a change in the profession”…
Loyalty cards lift British retailer’s insurance sales
06 May 2013
Supermarket loyalty schemes are driving sales of insurance, UK retail giant Tesco says…