Direct life sales ‘still a challenging market’
02 April 2012
Aggregators will not be a long-term distribution model for life insurance, according to NMG Consulting Executive Director Mark Prichard…
Life Insurance
Consumers ‘know little about life insurance’
02 April 2012
Consumers are happy with the life insurance cover they have within a super fund, but they don’t know anything about the policy, according to Canstar Head of Wealth Management Stephen Mitchell…
Genome testing a looming issue for insurers
02 April 2012
The expansion of genome testing could make some people uninsurable, according to a Swiss Re expert on life and health research…
ClearView expands distributions channels
02 April 2012
ClearView has recruited three more adviser practices to its dealer group and its LifeSolutions product has been added to more approved lists…
Insurers urged to rethink how they sell life cover
02 April 2012
Insurers will have to understand people’s behaviour to sell life insurance rather than just use “wallpaper” advertising, according to a marketing expert…
Government error blocks FOFA start date change
26 March 2012
The legal start date of the Future of Financial Advice reforms still remains at July 1 this year because the Federal Government failed to change it in Parliament…
Government changes FOFA opt-in rules
26 March 2012
The Federal Government has changed the controversial opt-in provision in its Future of Financial Advice legislation, now providing advisers exemptions from the measure if they are members…
FOFA bill reveals deep divisions
26 March 2012
The latest changes to the Future of Financial Advice regulations have divided the financial services industry…
Industry rejects FSC’s churn concerns
26 March 2012
The Financial Services Council will talk to the life insurance industry on developing a policy to stop churning, but industry sources say it is not a major problem…
Group life industry must do better, says APRA
26 March 2012
The pricing of group life insurance is coming under increased scrutiny by the Australian Prudential Regulation Authority…
Committee rejects ‘tailored’ life insurance in MySuper
26 March 2012
A parliamentary committee looking into the proposed MySuper legislation has accepted that life insurance within a fund cannot be tailored to suit individual members…
Government caves in on FOFA start date
19 March 2012
The Government has caved in after fierce industry lobbying and delayed the introduction of the Future of Financial Advice reforms for a year…
Industry welcomes FOFA delay
19 March 2012
The financial services industry has welcomed the delayed start date for the Future of Financial Advice reforms, but will keep lobbying on other elements of the bill…
Call for life insurance in super to be reviewed
19 March 2012
A review of life insurance offered within super funds should be undertaken after the Future of Financial Advice reforms become law…
Australian life advisers ‘cheaper than direct distribution’
19 March 2012
Life insurance sold through advisers is cheaper than direct distribution, a new survey has found…
Innovative insurers recognised
19 March 2012
OnePath has won a Canstar Innovation Excellence Award for its Self Secure Life product…
Group market continues to grow
19 March 2012
Group life insurance inforce premiums rose 16.8% to $1.48 billion in the 12 months ending June 30 last year, according to Plan For Life…
Big revenue drop for life insurers in 2011
12 March 2012
Life insurance revenue last year dropped dramatically, according to the latest figures from the Australian Prudential Regulation Authority…
AFA continues the FOFA fight
12 March 2012
The Association of Financial Advisers is continuing its campaign to amend the Future of Financial Advice legislation by writing to all senators and federal MPs…
Life sales continue to grow
12 March 2012
New life insurance sales were up 19.38% in the 12 months ending December 31, according to research house Dexx&r…