Consumers indifferent to life cover, study shows
07 April 2014
Life cover is the first insurance policy consumers would drop if money became too tight, according to research by GfK Australia and the Financial Services Council…
Life Insurance
FSC reveals life industry award winners
07 April 2014
The Financial Services Council has announced the winners of its second annual Life Insurance Awards…
Life industry plays catch-up on disability claims
07 April 2014
Life insurers lag behind the general insurance workers’ compensation sector in returning disability claimants to work, according to AMP…
FSC pushes for disability time limit
07 April 2014
The Financial Services Council has called for a seven-year time limit on disability claims under group insurance…
Cigna NZ names new CEO
07 April 2014
Life and health insurer Cigna New Zealand has appointed Lance Walker as CEO…
Asteron launches TV series for advisers
07 April 2014
Asteron Life has joined the reality TV business, launching an online show to provide marketing tips for advisers…
Canberra urged to offer tax breaks on life insurance
31 March 2014
The Financial Services Council and MetLife Australia have called on the Federal Government to use tax incentives to increase the take-up of life insurance…
Macquarie Life backs stroke campaign
31 March 2014
Macquarie Life is sponsoring a stroke awareness and prevention campaign that begins this week…
Licensees encouraged to grow through outsourcing
31 March 2014
Outsourcing low-value tasks can help small licensees compete with large institutions, according to a financial services business consultant…
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…
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…