Integrity names new underwriting hires
01 May 2023
Integrity Life has announced the appointments of two new senior underwriters as it hails its recent “significant growth”...
Life Insurance
Dispute lodgement ratios rise for individual products: APRA
24 April 2023
Dispute lodgement ratios for individual life products have seen a sharp increase since June 2021, the Australian Prudential Regulation Authority says...
Adviser education standards reform feedback sought
24 April 2023
The Federal Government is seeking feedback until May 3 on draft legislation to reform financial adviser education standards...
Finalists named for ALUCA excellence awards
24 April 2023
The Australasian Life Underwriting and Claims Association has named the finalists for its sixth annual Life Insurance Excellence Awards...
Lost insurance protection critical part of work reforms: lawyers
24 April 2023
Reforms to improve worker entitlement protections should ensure compensation is available for insurance cover that is lost due to superannuation payment failures, the Australian Lawyers Alliance says...
Recognising role of insurance in super 'critical': MLC
24 April 2023
Insurance through default superannuation will continue to grow in importance as the way in which most people access cover, MLC Life Insurance says in making a submission...
AIA aims to reward healthy living
24 April 2023
AIA Australia says it will introduce unique discounts on premiums and products as part of an incentive to policyholders to engage in healthy behaviours...
Asteron Life alters employee insurance
24 April 2023
Asteron Life New Zealand has added Kids Trauma Cover as a built-in feature for all its Employee Insurance policies, as well as free access to Asteron Life Connected Care with income protection...
Insurance concerns raised in super reforms review
17 April 2023
The Federal Government will address insurance concerns caused by the introduction of the stapling measure, after stakeholder feedback to a Treasury review of Your Future, Your Super reforms says the change may have led to “inappropriate” coverage for workers...
Insurer says advisers 'critical partners' as distribution heads appointed
17 April 2023
MLC Life Insurance says financial advisers are “critical” to its business and has made new appointments to further strengthen its partnership with the intermediary channel...
Council worker wins dispute over halted income payments
17 April 2023
A council employee suffering a heart condition has won a dispute over benefits that were stopped when a fund trustee judged that she was able to return to sedentary work...
Changes suggested for Government’s proposed super objective
17 April 2023
A proposed statement outlining the objective of superannuation should be amended to better reflect elements such as insurance benefits, the Financial Planners Association says in a submission...
MLC Life appoints business development head
17 April 2023
MLC Life has named Peter Smith as Head of Business Development, in a move that it says “cements its focus on the group insurance market”...
Steadfast Life, Insurance House Life merge
03 April 2023
Steadfast Group has merged its life advisory business with Insurance House Life, months after acquiring the latter’s parent company, Insurance Brands Australia, for $301 million in August last year...
NobleOak examined by APRA after prudential breaches
03 April 2023
The Australian Prudential Regulation Authority says it is reviewing NobleOak Life’s compliance processes after the insurer breached prudential standards in relation to capital requirements...
Claimant with mobility difficulties wins critical illness claim dispute
03 April 2023
A complainant whose claim for a critical illness benefit was declined by her insurer, despite suffering neck and shoulder injuries that restricted her ability to dress and bathe unassisted, has succeeded in having the decision overturned...
Life adviser hit with four-year ban
03 April 2023
Gold Coast-based financial adviser Jeneve Matai has been barred from the industry for four years after the Australian Securities and Investments Commission found he “inappropriately scoped” life insurance for his clients...
ASIC demands trustees do more to improve outcomes
27 March 2023
An Australian Securities and Investments Commission follow-up to its review of superannuation trustees has found they have not made “sufficient effort” in all areas to improve life insurance outcomes for members...
Perth financial firm pleads guilty to dishonest conduct
27 March 2023
Perth-based Fong Financial Planners has pleaded guilty to three charges of dishonest conduct in relation to client insurance applications in the Perth Magistrates Court...
Client's reliance on statement of advice was legitimate, says AFCA
27 March 2023
A gardener who thought his adviser had arranged income protection cover that would provide benefits if he could not work, only to realise it did not when his claim was declined, has partially won his dispute with the adviser’s firm...