MLC acting risk chief takes permanent role
10 February 2025
MLC Life Insurance has appointed Melissa Ammon as chief risk officer...
Life Insurance
Suncorp continues general shift as NZ life exit formalised
03 February 2025
Resolution Life has completed its $NZ410 million ($371 million) purchase of Suncorp’s life business in New Zealand after securing regulatory approvals...
AFCA rejects bid for death benefit after ‘drug-affected’ plane crash
03 February 2025
A father who claimed a $900,000 death benefit has been denied a payout after the complaints authority found drug use probably played a role in his pilot son’s plane crash...
Minister targets claims handling in new super regulations
03 February 2025
The federal government will introduce enforceable service standards for large superannuation funds, beginning with requirements for fair and efficient insurance claim processing...
APRA adds to super transparency with fund-level data
03 February 2025
The Australian Prudential Regulation Authority says its annual superannuation statistics have for the first time included fund-level detailed insurance data...
Nippon bolsters Australian presence with Resolution deal
16 December 2024
Japan’s Nippon Life has announced an $US8.2 billion ($13 billion) acquisition that it says will consolidate its position in the Australian market...
Advice reforms face election interference, FAAA says
16 December 2024
Advisers say the release of draft legislation for the next phase of advice reforms may be decided by the timing of the federal election, which must be held by May...
Super fund renews AIA group contract
16 December 2024
Super fund Colonial First State has retained AIA Australia as its group insurance provider for another three years...
Asteron Life gives claims rundown
16 December 2024
New Zealand insurer Asteron Life paid $NZ112 million ($102 million) in claims benefits last financial year, according to an update from the Suncorp-owned business...
Investment result drives industry profit
09 December 2024
The life industry posted a net profit of $459 million for the September quarter, according to the prudential regulator’s quarterly update...
‘Had to happen’: insurers embrace simple advice model
09 December 2024
Life insurers have hailed the next phase of advice reforms as a “big win” for Australians, but financial advisers are more cautious, saying they want further detail on how the changes will be implemented...
TAL claims update reveals mental health toll
09 December 2024
TAL says mental injury was its leading source of claims in the six months to September...
ASIC breaks down life insurer complaint caseloads
09 December 2024
Term life products prompted the most complaints to life insurers last financial year, according to the Australian Securities and Investments Commission...
AIA boss joins mental health advocacy group
09 December 2024
AIA Australia CEO Damien Mu has become an ambassador of Australians for Mental Health, a grassroots movement seeking increased policy focus on emotional wellbeing...
TAL marketing manager takes on consumer role
09 December 2024
TAL has chosen sales and marketing GM Alexis Denby to lead its new consumer and growth team...
Claimant wins TPD payout despite injury disclosure breach
02 December 2024
A painter who failed to tell his insurer about previous treatment for neck pain has won a court battle to have his total and permanent disability claim accepted...
‘Smooth transition’ as AMP finalises advice deal
02 December 2024
AMP has today announced the completion of a deal for its advice business that was first flagged in August...
Life cover in firing line as consumers cut costs
02 December 2024
The Council of Australian Life Insurers warns financial security is taking a back seat after new data showed many people would reduce their life cover before cutting home or car insurance...
Melbourne adviser take top honours in FAAA awards
02 December 2024
Financial Advice Association Australia has presented awards to the profession’s standout performers...
Family violence charity secures MetLife grant
02 December 2024
Queensland-based DV Safe Phone has been chosen to receive funding from MetLife’s community impact grant program...