New CFO joins Suncorp Life
04 March 2013
Jeremy Robson will join Suncorp Life as CFO from March 18, replacing John O’Farrell, who will move to the commercial insurance arm…
Life Insurance
Life insurers raise revenue as profits remain flat
25 February 2013
Net policy revenue for retail life insurance products in the last calendar year was $6.6 billion, up from $6 billion in 2011, according to the Australian Prudential Regulation Authority…
AMP profit edges up, but life lapse rates rise
25 February 2013
AMP’s net profit increased 2.3% to $704 million in the year to December 31, thanks to strong earnings growth in wealth management and disciplined cost control…
Suncorp suffers life lapses
25 February 2013
Suncorp has blamed lower life insurance profits on lapses due to tough economic conditions – a problem it says affects the entire industry…
Centric expands Canberra office
25 February 2013
Centric Wealth has added to its Canberra presence with the appointment of Sean Ryan to the ACT team as a wealth adviser…
Critics welcome demise of FSC’s churn policy
18 February 2013
The Financial Services Council has abandoned its policy on “churning” of policies after encountering considerable opposition from the life insurance industry…
Advisers can’t get enough of Macquarie Life
18 February 2013
Macquarie Life has come up trumps in the latest Beaton Benchmarks Life Insurance Intermediaries Study, which measures advisers’ satisfaction with insurer performance…
Clearview hit by negative claims experience
18 February 2013
Clearview lost $600,000 for the December half compared to a profit of $12.2 million for the corresponding period a year earlier…
Working together to handle mental health claims
18 February 2013
Collaborating with medical practitioners is the key to successful outcomes for mental health claims, says Macquarie Life Head of Underwriting and Claims Sally Phillips…
Affinia launches recruitment drive
18 February 2013
TAL’s new risk-specialist dealer group Affinia has launched a recruitment drive, looking for like-minded business partners…
CommBank insurance income rises but claims jump
18 February 2013
Commonwealth Bank’s insurance income rose slightly in the six months to December 31, but it also saw a jump in life claims…
Explain Government insurance schemes, says FSC
11 February 2013
The Financial Services Council has called for the Federal Government to explain the differences between the National Disability Insurance Scheme and the National Injury Insurance Scheme…
Planners still worried about FOFA
11 February 2013
Future of Financial Advice compliance and the cost of regulation are the main challenges for financial planners and financial planning businesses, a new Financial Planning Association survey has found…
Rising insurance claims hit NAB
11 February 2013
Rising disability claims and lapse rates have reduced NAB Wealth’s retained profits and capital in its life insurance business…
RGA Reinsurance names new MD
11 February 2013
RGA Reinsurance Company of Australia, the local subsidiary of Reinsurance Group of America, has appointed Mark Stewart as its new local MD, effective immediately…
FPA offers free advice to disaster victims
11 February 2013
Members of the Financial Planning Association are offering pro bono financial advice to Australians affected by the recent natural disasters…
Consumers aware of life underinsurance
04 February 2013
Australians know they do not have enough life insurance, with three in 10 lacking personal cover, research conducted for TAL shows…
FPA raises concern on existing clients’ fee disclosure
04 February 2013
The Financial Planning Association says common sense prevails in most of the Australian Securities and Investments Commission’s new fee disclosure obligations – but it remains concerned about fee…
Risk advisers’ outlook brightens
04 February 2013
The mood among financial advisers in the Australian life market is picking up, according to the latest Zurich Risk Adviser Sentiment Index…
AMP responds to watchdog concerns
04 February 2013
AMP Horizons Group has been quick to act following criticism from the Australian Securities and Investments Commission…