ASIC turns spotlight on direct sales
26 August 2024
The Australian Securities and Investments Commission says “low-value” life products will be a focus area as it steps up scrutiny of the industry in coming months...
Life Insurance
Industry profit rises in March quarter
26 August 2024
The life industry posted better results in the January-March period, according to Australian Prudential Regulation Authority statistics...
Demand shortfall hampering longevity products, APRA hears
26 August 2024
Life insurers discussed the key challenges in developing longevity solutions at an annual Australian Prudential Regulation Authority roundtable last month...
PPS Mutual ‘simplifies and accelerates’ applications
26 August 2024
Specialist life insurance company PPS Mutual has changed the application process for its Professionals Choice cover...
ClearView says profit jump underlines ‘pure life’ shift
26 August 2024
Financial services group ClearView Wealth says its full-year results show it is successfully changing into a “pure life” business...
Industry seeks applicants for adviser support program
26 August 2024
Applications have opened for the Council of Australian Life Insurers’ annual support program for mid-career female financial risk advisers...
PPS Mutual adds veteran actuary to board
26 August 2024
PPS Mutual has appointed actuarial expert Anthony Asher to its board of directors...
Adviser’s client pays for disclosure failure
19 August 2024
The complaints ombudsman has deemed a financial adviser responsible for a “minor” portion of losses suffered by a client who took his recommendation to switch to a lower-premium life policy...
Zurich mental health roundtable yields ‘rich discussion’
19 August 2024
Zurich has held its first mental health roundtable, discussing key trends and areas for greater collaboration in the life insurance industry...
‘Exceptional’ life results drive Challenger earnings
19 August 2024
Challenger has posted higher full-year earnings, supported by its core life business...
Pacific Life Re makes key regional appointments
19 August 2024
Pacific Life Re has made several appointments in its Australian and Asia-Pacific protection business...
‘Stretched too thin’: industry ramps up push for advice reforms
12 August 2024
The Council of Australian Life Insurers has released a report backing the industry’s long-running push for legislative changes governing the way it provides advice...
Zurich cover excludes athlete concussions amid brain injury link
12 August 2024
Zurich will no longer cover concussion-related injuries for people playing high-contact sports under changes to its Active product...
Super groups demand reforms to stop abusers cashing in
12 August 2024
Superannuation peak bodies have called for law changes to stop domestic abusers claiming their victims’ funds...
Dispute body to discuss group life trends at ANZIIF seminar
12 August 2024
The Australian Financial Complaints Authority will share group life insurance insights next month at an Australian and New Zealand Institute of Insurance and Finance event...
TAL tweaks health program to encourage screening
12 August 2024
TAL says its preventative health program has been updated to make it easier for life policyholders to get premium discounts...
Regulatory shake-up required as consumer needs shift: FSC
05 August 2024
Financial services laws must evolve as the number of Australians with complex advice needs grows, the Financial Services Council says...
Refund ordered after email fail on premium increase
05 August 2024
A policyholder will have premiums refunded after the Australian Financial Complaints Authority found she had not received notices about annual increases in the past two years...
TAL appoints individual life chief
05 August 2024
TAL EGM of individual life Gavin Teichner will become CEO of individual life on October 1...
Allianz Retire+ joins CALI
05 August 2024
Allianz Retire+ has joined the Council of Australian Life Insurers, taking the peak body’s number of members to 20...