Investors will lose even more by suing insurers
01 June 2009
Don’t expect to see too many cases of New Zealand investors suing insurance companies when financial advisers and the companies they recommend go bust, according to...
Life Insurance
AIG ups the ante on AIA separation
01 June 2009
First it split off its general insurance operations, and now troubled insurer AIG has announced plans to accelerate the restructure of its life insurance unit American International Assurance through...
ING give jobless a break
01 June 2009
Policyholders who lose their jobs will get a three-month waiver on their life premiums with a new ING Australia offering called Premium Break...
FPA deals with backlash over fee-for-service proposal
25 May 2009
The Financial Planning Association has assured members there will be no penalty for failing to comply with its proposed fee-for-service model after being inundated with questions and concerns...
Life insurance buyers move online
25 May 2009
More people are choosing to go online to buy life insurance rather than see a financial planner, according to Allianz Australia...
Aussie life broker launches in UK
25 May 2009
Australian life insurance broker Lifebroker has announced its expansion into the huge UK market...
Afghanistan-bound diggers told to buy own cover
18 May 2009
Australian soldiers being deployed to Afghanistan are being told by the Defence Department to consider additional life cover to top up their existing death benefits...
Speedy reform process overtakes ING, Axa
18 May 2009
The brisk pace of regulatory reform has proved a little too brisk for life insurance companies with non-operating holding companies...
Suncorp: industry needs to do more on life education
18 May 2009
Suncorp Wealth Management Group Executive Geoff Summerhayes says the low number of life insurance claims resulting from the Victorian bushfires proves the industry needs to...
Death improves in value
18 May 2009
Death cover is offering policyholders more at lower prices, according to independent research organisation SuperRatings...
Battle lines drawn over commission v fees
11 May 2009
The Financial Planning Association has reacted sharply to the Association of Financial Advisers’ rejection of the FPA’s call for financial planners to be paid entirely through fees from 2012...
Regional life market outlook negative: S&P
11 May 2009
Australia and NZ’s life insurance markets are doing fine, but that hasn’t stopped Standard and Poor’s revising the life insurance outlook for the wider Asia-Pacific region to negative...
Axa reconsiders ambitious growth target
11 May 2009
Axa Asia Pacific CEO Andy Penn has moved to distance the company from its ambitious aim of doubling enterprise value by 2012...
AMP posts 63% cashflow increase
11 May 2009
AMP Financial Services net cashflows increased 63% during the first quarter as increasing superannuation contributions from employers offset lower discretionary contributions...
Commission for advisers ‘unsustainable’: FPA
04 May 2009
The Financial Planning Association has recommended to the Federal Government that financial planners be paid entirely through fees rather than commissions from 2012...
Financial services industry awaits super review
04 May 2009
Australia’s $1.1 trillion superannuation industry is waiting with interest to see what shape the Federal Government review of the superannuation system will take...
AIG Life poaches senior executive from Tower
04 May 2009
Tower Australia’s Head of Group Sales Craig Extrem will move to AIG Life after being appointed National Manager of Client Markets for the company’s insurance division...
Life underinsurance hurts families, says IFSA
04 May 2009
Australian families are receiving an average life insurance payout of just $91,000 on the death of a partner as underinsurance booms...
Aviva silent on plan to quit Australia
27 April 2009
Life insurer Aviva Australia has refused to comment on speculation that it may withdraw from the local market...
Axa outflow reflects market ‘rebalancing’
27 April 2009
Axa Asia Pacific wrote 24% more new financial protection business in Australia in the three months to March 31 this year compared with 12 months earlier...