Letter ignites adviser industry debate
15 March 2010
Financial adviser dealer group Matrix Planning Solutions says it has received a very positive response to its call for the Financial Planning Association and Association of…
Life Insurance
Zurich offers upgraded products, time savings
15 March 2010
Zurich Financial Services Australia has announced new life risk product enhancements and technological wizardry to help financial advisers cut administration time…
IFSA counts cost of life cover shortfall
08 March 2010
Underinsurance is rife in the life insurance sector and will cost the Federal Government an estimated $1.3 billion over the next decade, according to research…
APRA finalises changes to life prudential framework
08 March 2010
The prudential regulator has finalised changes that allow it to supervise groups containing life insurers in the same way as it oversees general insurers…
AIG sells life unit for $40 billion
08 March 2010
Crippled insurer AIG has sold its Asian life insurance portfolio as the repayment of US Government debt continues…
Swiss Re urges more action on life insurance
08 March 2010
A Swiss Re expert has urged Australian life insurers to seize on the lessons of the global financial crisis to improve the promotion of life insurance…
Axa takeover speculation takes new turn
01 March 2010
A new twist in the battle for Axa Asia-Pacific Holdings centres on a media report claiming AMP has a “Plan B” involving the ANZ Bank if its bid against rival…
Risk insurers wanted ahead of Centric IPO
01 March 2010
Sydney-based financial adviser Centric Wealth has tabled an aggressive expansion policy, seeking greater reach into risk insurance and an eventual public float…
It’s Comminsure’s year at life awards
01 March 2010
CommInsure is the standout performer in the 2009 Life Company of the Year Awards…
OAMPS finds chief for life insurance foray
01 March 2010
Former Axa Australia State Manager for Victoria and Tasmania Michael Meysztowitz will head up OAMPS’ new life insurance division…
Battle for Axa intensifies
22 February 2010
The two suitors for Axa Asia Pacific Holdings have used their quarterly reporting announcements to reiterate that they are seriously in the game…
Australians biggest financial losers
22 February 2010
Australians are increasingly snacking on an unhealthy diet of debt, poor savings and no insurance coverage…
IFSA set to unveil ‘massive’ underinsurance problem
22 February 2010
The Investment and Financial Services Association says it has groundbreaking new data showing that Australian families face a massive financial and lifestyle hit due to underinsurance…
Planners seek CEO
15 February 2010
Recruiters are expected to begin an international search today for a replacement for Jo-Anne Bloch, who has resigned as CEO of the Financial Planning Association…
Tower stays the course
15 February 2010
Investment in technology and a simplified business model are the key objectives for life insurer Tower Australia in the coming year, shareholders were told at last week’s AGM…
Analysts say life is on the up
15 February 2010
The life insurance industry has emerged from the doldrums to face strong growth prospects in the next five years, according to Ibisworld analysts…
Axa tussle enters new round
08 February 2010
The battle for Axa Asia Pacific Holdings’ Australasian businesses enters a new phase this week after AMP’s exclusivity agreement with the French parent company…
Lombardo gets nod from NAB
08 February 2010
The head of the National Australia Bank’s new retail insurance division has been announced.…
Life risk a boon for insurers
01 February 2010
Australia’s appetite for life risk products such as death, income protection and mortgage insurance grew strongly in the year to September 30, with premium inflows up…
Life insurers report good profit growth
01 February 2010
Life insurers have made some decent strides over the past year, according to new figures from the Australian Prudential Regulatory Authority…