Industry names excellence awards finalists
03 June 2024
The Australasian Life Underwriting and Claims Association has announced the contenders for its annual excellence awards across 10 categories...
Life Insurance
Sector has its say on $22.1 million APRA levy
03 June 2024
Life insurers and friendly societies are expected to chip in about $22.1 million to fund the Australian Prudential Regulation Authority’s supervision of the sector next year, Treasury says...
Pacific Life Re seals reinsurance pact with Japanese insurer
03 June 2024
Pacific Life Re has signed a reinsurance agreement with Japan’s Tokio Marine & Nichido Life Insurance to cover in-force whole-of-life policies...
NZ regulator warns over ‘tick-box’ compliance
03 June 2024
New Zealand’s Financial Markets Authority has urged advisers to address lapses identified in its review of compliance with the regulatory regime...
NSW adviser wins Gwen Fletcher award
03 June 2024
SWA Financial Planning’s Nathan Purnell has won the Gwen Fletcher Memorial Award for the first study semester of this year...
Zurich deploys AI to flag mental health factors
27 May 2024
Zurich has developed artificial intelligence models to support the underwriting process for life applications with mental health disclosures...
Former TAL director to represent industry on code committee
27 May 2024
Insurers have appointed Paul Reid as their new industry representative on the Life Code Compliance Committee...
Survey reveals Australians’ anxiety over equity, climate
27 May 2024
Australians are more worried about the future than other nationalities, especially when it comes to financial inequity and climate change, according to a MetLife survey of consumers in 12 markets...
Challenger renews Mitsui reinsurance partnership
27 May 2024
Challenger will extend its reinsurance partnership with Mitsui Sumitomo Primary Life Insurance Company...
ClearView announces board changes
27 May 2024
ClearView Wealth says Michael Alscher has been reappointed as a non-executive director...
Asteron promotes underwriting manager
27 May 2024
Asteron Life underwriting manager Kathie Tutty has been promoted to chief underwriter...
Budget offers ‘little remedy’ for advisers’ cost problems
20 May 2024
The federal budget has failed to address cost challenges facing advisers, Financial Advice Association Australia says...
TAL benefit payments top $4 billion for year
20 May 2024
TAL says it paid $4.2 billion in claims benefits to more than 50,000 policyholders and their families in the year to March...
Claims processes, branding flagged as key issues for industry
20 May 2024
Brand trust, digital features and claims processes are areas requiring close attention from life insurers, according to research firm Investment Trends...
New tech collaboration eyes Australian market
20 May 2024
Instanda and UnderwriteMe say their new collaboration will provide life clients in Australia and other key markets efficiencies across distribution and operational channels...
Advisers warn compensation scheme could kill off profession
13 May 2024
Advisers say the Compensation Scheme of Last Resort in its current set-up poses an “existential threat” to the profession, in their strongest criticism yet of the financial redress program...
Dispute referee rejects TAL ‘predatory’ sales allegation
13 May 2024
A policyholder who said his insurer misleadingly sold him trauma cover via an unsolicited call from his bank has lost his bid to have his premiums refunded...
Financial services body steps up digital advice push
13 May 2024
The Financial Services Council has announced the formation of the Digital Advice Expert Group to support provision of online advice to consumers...
ClearView ‘on track to hit targets’ after Q3
13 May 2024
ClearView Wealth says it performed “broadly in line” with expectation during the quarter ending March...
TAL launches 2025 graduate recruitment drive
13 May 2024
Life insurer TAL is seeking 11 candidates for its next graduate program...