Competition pushes group risk prices down
09 August 2010
The price of group life insurance has continued to fall during the past 12 months, according to actuaries Rice Warner…
Life Insurance
ANZ announces new wealth and insurance brand
09 August 2010
Banking giant ANZ has unveiled a new brand for its life insurance and specialist funds business, adopting the name OnePath to replace ING in Australia and NZ…
Axa half-year net profit falls 19%
09 August 2010
Axa Asia Pacific Holdings continues to experience growth in its local financial protection portfolio despite the business recording a 19% drop in half-year net profit of $219.2 million…
Life industry ‘needs to keep talking’
09 August 2010
The life insurance industry needs to talk to government about more than just commission payments, says AIA’s Head of Distribution Damien Mu…
Tower Australia premiums grows 10%
02 August 2010
Life insurer Tower Australia has recorded a 10% increase in inforce premium for the June quarter due to strong growth in its group risk portfolio…
Strong demand for financial planners
02 August 2010
Demand for financial planners is on the rise, with a 62% increase in job ad numbers recorded in the past year, according to recruitment company eJobs…
Expanded role for Zurich CEO
02 August 2010
Zurich’s Global Life Asia-Pacific CEO Dan Bardin will now take on responsibility for the Middle East…
Axa profit falls 19%
26 July 2010
Axa Asia Pacific Holdings is set to record a 19% fall in half-year net profit after announcing an unaudited net profit of approximately $220 million last week…
Life premiums on the rise
26 July 2010
Life insurance premium inflows for the 12 months ending March were up 10.8% to $8.4 billion, according to research house Plan For Life…
IFSA becomes Financial Services Council
26 July 2010
The former Investment and Financial Services Association has ratified the organisation’s name change and expanded mandate to become the Financial Services Council…
Negative rating maintained on AIA
26 July 2010
Research house Moody’s is maintaining its Aa3 rating (negative outlook) on AIA despite the appointment of a new CEO…
Life buying habits revealed
26 July 2010
Maintaining lifestyle was the most common reason why people buy income protection insurance, a new survey has found…
APRA releases inaugural life industry report
19 July 2010
Australian life insurers enjoyed a total net profit of $1.985 billion last year in a willing market…
NAB, Axa deal gets more time
19 July 2010
Life insurer Axa Asia Pacific Holdings and National Australia Bank have agreed on a second deadline extension as negotiations for the acquisition of the former’s Australian and NZ business continues…
Financial advice ‘will make you happier’
19 July 2010
Seeing a financial adviser will not only improve your finances and help you plan for the future, it will also make you happier, according to a new report…
Australia’s financial service workforce skilled and growing
12 July 2010
The advanced skills of Australian financial services workers provide a powerful comparative advantage over our Asia-Pacific counterparts, according to a new report…
Report highlights life cover benefits
12 July 2010
New research shows suffering financial stress after losing a parent can cause further psychological, educational, practical and social disadvantage to surviving children…
CommInsure finalises management structure
12 July 2010
The five pillars of CommInsure’s new management structure are now in place, following the final appointment to its new executive line-up…
Training boosts AMP’s life credentials
12 July 2010
AMP has introduced a new training program to increase the knowledge and skills of its life insurance staff, with a particular focus on boosting claims and underwriting proficiencies…
Financial planners begin life without commissions
05 July 2010
Australia’s biggest financial planning firms have successfully transitioned to the new fee-for- advice model, two years ahead of the Federal Government’s deadline…