Lapse rates a challenge for life industry
16 May 2011
Rising lapse rates for the Australian life insurance industry will impact profitability of the sector in the future, according to a new report by Credit Suisse…
Life Insurance
Call for separate life insurance licence
16 May 2011
A dealer group has called for a separate licensing regime for advisers selling life insurance…
FOFA: Banks to dominate life industry
09 May 2011
Banks will come to dominate the life insurance industry as individual advisers lose clients through moving to the fee-based regime proposed by the Future of Financial Advice reforms…
FOFA: Survey confirms advisers’ opposition to bans
09 May 2011
Not surprisingly, most financial advisers are opposed to the ban on life insurance commission proposed by the Future of Financial Advice reforms…
MLC grows life insurance business
09 May 2011
MLC and NAB Wealth have reported a 7.7% rise in annual inforce life insurance premiums for the six months ending March 31 this year…
Axa starts the year with good premium growth
09 May 2011
AMP has released first-quarter life insurance inforce premiums inflows for Axa, showing growth of 5.4% to $722 million…
OnePath delivers strong first half
09 May 2011
ANZ’s OnePath life insurance business has reported 12% growth for inforce premiums for the six months ending March 31…
New name for Tower Australia
09 May 2011
Tower Australia has changed its name to TAL as the five-year agreement with Tower NZ on the use of the Tower brand moves closer to expiry…
FOFA: Industry attacks life commission ban
02 May 2011
The financial services industry has been unanimous in its condemnation of the Federal Government’s ban on life insurance commissions for products sold through superannuation…
Consumers don’t want fees
02 May 2011
Research released by the Association of Financial Advisers has found consumers don’t want to pay for advice on life insurance…
Housework cover for injured mums
02 May 2011
Suncorp life insurance subsidiary Million Dollar Woman is offering full-time mothers cover for housework and childcare if they are injured or fall ill…
Tower takeover completed
02 May 2011
Japanese life insurer Dai-ichi Life Insurance’s takeover of Tower Australia has been completed, with the Federal Court approving the scheme of arrangement…
Planner or adviser? Associations want protection
18 April 2011
The Financial Planning Association wants the use of the term “financial planner” restricted by law, while the rival Association of Financial Advisers wants the term “financial adviser” given…
Police working to name last Christchurch victims
18 April 2011
New Zealand Police have confirmed to insuranceNEWS.com.au that nine bodies from the second Christchurch earthquake have still not been identified…
Bendigo Bank unites financial services
18 April 2011
Bendigo and Adelaide Bank has moved all its general and life insurance business into a new division called Bendigo Wealth…
Life insurance market reports strong inflows for 2010
18 April 2011
Premium inflows for life insurance companies grew by 12.5% during the 12 months to December 31, according to new data from research house Plan For Life…
AFA appoints new GenXt chairman
18 April 2011
The new chairman of the Association of Financial Advisers’ GenXt committee is Sarah Riegelhuth of Wealth Enhancers…
More work needed to make life insurance attractive
11 April 2011
One of the causes of Australia’s underinsurance is consumers wanting instant gratification, according to AMP Financial Services MD Craig Meller…
FPA members approve membership changes
11 April 2011
The Financial Planning Association has voted in favour of removing the “principal membership” category…
UK reforms cost consumers more
11 April 2011
The UK Government has admitted its retail distribution review will push up the cost of providing advice and increase the underinsurance problem, Association of British Insurers…