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…
Life Insurance
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…
AFA cautions on risk commission ban
05 July 2010
Extending the ban on commissions to risk insurance would limit consumer choice and possibly exacerbate underinsurance, the Association of Financial Advisers has warned…
NAB seeks Axa extension
05 July 2010
National Australia Bank is seeking a second extension to its exclusivity agreement over the purchase of the local units of Axa Asia Pacific Holdings…
Life insurers boost offerings
05 July 2010
Insurers ING Australia and Axa have strengthened their life offerings following feedback from financial adviser…
UniSuper enhances life cover
05 July 2010
Industry super fund UniSuper has unveiled a series of enhancements to its optional insurance cover, including more death and disability cover at no extra cost…
IFSA changes name and direction
28 June 2010
The Investment and Financial Services Association is changing its name to the Financial Services Council…
Life insurers make hay in 2009
28 June 2010
Stabilisation of investment markets has helped a drastic rebound in life insurance profitability, according to statistics from the Australian Prudential Regulation Authority…