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Life Insurance

Associations back code guidelines

04 March 2013

The Association of Financial Advisers and the Financial Planning Association have welcomed the Australian Securities and Investments Commission’s new guidelines on the approval of codes of conduct…

Life insurers report strong year

04 March 2013

Inflows to the individual lump sum life insurance market grew to $5.5 billion in 2012, up 10.4% from $5 billion the previous year, according to research house Plan For Life…

Losses push up PI rates

04 March 2013

Insurers are taking a cautious approach to writing professional indemnity cover for financial planners, citing concerns about an increase in disputes and litigation…

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 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…

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…

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…

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…

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…