Snowball upbeat as Suncorp Life profit drops
26 August 2013
Suncorp Life’s profit slumped from $251 million to $60 million in the year to June 30 as higher discount rates, lower interest income and higher lapse rates took their toll…
Life Insurance
Profit drops in life industry
26 August 2013
The life insurance industry recorded net profit of $2.6 billion last financial year, according to the Australian Prudential Regulation Authority…
Insurance performs well for Crowe Horwath
26 August 2013
Financial advisers and accountants Crowe Horwath says its life and general insurance sales grew 10% in the year to June 30…
Securitor develops life product comparison tool
26 August 2013
Dealer group Securitor has launched an online reference guide detailing all the life products it offers to advisers…
Munich Re appoints new life chief
19 August 2013
Munich Re has appointed Andrew Linfoot as Head of Life Australasia, effective immediately…
AMP takes a hit on insurance operation
19 August 2013
AMP says its wealth protection division’s operating earnings fell 52% to $64 million in the six months to June 30…
ISN calls for co-operation with advisers
19 August 2013
Having cemented an alliance with the Financial Services Council, the Industry Super Network now wants a similar deal with the advice sector…
Synchron calls for daily adviser payment
19 August 2013
An independent dealer group has called for advisers’ fees and commissions to be paid daily, to avoid losses if licensees fail…
Deadline looms for FPA awards
19 August 2013
Entries for the Financial Planning Association’s Best Practice Awards close on Wednesday…
Economic slowdown hits TAL profit
12 August 2013
TAL has reported a $20 million ordinary profit for the quarter to June 30, down 66% on $60 million in the corresponding period last year…
PIS claims hit Centrepoint profit
12 August 2013
Centrepoint Alliance says earnings will be hit by an increased provision for client claims against its advisory business Professional Investment Services…
Poor margins deter Zurich from group sector
12 August 2013
Zurich has maintained sustainable pricing on its individual life business by avoiding the “volatility and wafer-thin margins” of the group market, according to Australia Life and Investments CEO Colin Morgan…
ASIC releases bumper list of unclaimed life payments
12 August 2013
The Australian Securities and Investments Commission has published a list of unclaimed life insurance payments…
Underinsurance ‘an evolving problem’
05 August 2013
The issue of life underinsurance has evolved from people being without cover to people lacking sufficient cover, according to AIA Australia GM Life Insurance Damian Mu…
FSC calls on industry to find its voice
05 August 2013
The financial services industry must present a united front to governments and consumers, Financial Services Council CEO John Brogden says.…
MetLife reports Q2 earnings rise for Asia
05 August 2013
MetLife’s Asian operating earnings grew 18% to $US330 million ($368 million) in the second quarter, driven by strong underlying business growth across the region…
AIA eyes further growth in Australia
05 August 2013
AIA sees “great opportunities” in Australia after the country contributed to strong new business growth in the company’s first half…
Capital, regulation and claims worry life insurers
29 July 2013
Life insurers’ top three concerns are return on capital, regulation and declining claims experiences, according to a survey of CEOs by the Financial Services Council and investment software group DST…
AFA urges members to challenge perceptions
29 July 2013
Advisers must change government and regulator perceptions of their role, according to Association of Financial Advisers CEO Brad Fox…
Australian operations pull down RGA result
29 July 2013
Reinsurance Group of America has reported a net loss of $US49.6 million ($53.5 million) for the quarter to June 30, down from a $US141 million ($152 million) profit in the corresponding period last year…