AMP tops industry profit list
25 June 2018
AMP is the most profitable life insurer, with an after-tax net profit of $565 million last year, followed by Challenger on $445 million, according to Australian Prudential Regulation Authority data…
Life Insurance
NZ life insurers face conduct review
25 June 2018
The Reserve Bank of New Zealand and the Financial Markets Authority are to start assessing the conduct and culture of 15 major life insurers…
Murray takes reins as AMP Chairman
25 June 2018
David Murray has pledged to rebuild AMP and restore trust after taking over as Chairman, replacing former IAG CEO Mike Wilkins…
Marsh tells employers to look beyond super
25 June 2018
Broker Marsh has urged employers to reduce their reliance on insurance within superannuation and ensure all their workers are covered by life and total and permanent disability benefits…
Regulators start final phase of pilot claims data collection
25 June 2018
Regulators have issued the reporting template for the third and final round of pilot collection of life claims and disputes data…
MetLife recruits ex-Suncorp manager
25 June 2018
Former Suncorp executive Gerard McDermott has joined MetLife Australia as Chief Strategy and Customer Officer…
ANZ lets advisers access mental health portal
25 June 2018
ANZ has commissioned a mental health and wellness portal for advisers, to help with their personal and professional lives…
NEOS Life aims to set ‘new standard’
25 June 2018
New entrant NEOS Life will initially distribute its retail products through a select group of adviser partners, as it aims to distinguish itself from established life insurers…
TAL sets up underwriting education scheme
25 June 2018
TAL has introduced an education program to help advisers and clients better understand the underwriting process…
APRA weighs in on worker rehab reforms
18 June 2018
The prudential regulator has told policymakers to exercise “care” in any legislative changes that give life insurers a role in worker rehabilitation…
Digital platform speeds MLC underwriting process
18 June 2018
MLC Life has reported an increase in policy issue rates since the launch of a digital underwriting platform less than two months ago…
TAL makes pricing, client appointments
18 June 2018
TAL has appointed Joseph Daley as GM Pricing and Nick White as Head of Clients and Strategic Management within its group insurance business…
Honan Life builds on accounting, planning links
18 June 2018
Honan Life Insurance Group says it is developing strategic relationships with accountancy and planning practices following its launch earlier this year…
Asteron appoints head of distribution
18 June 2018
Asteron Life has appointed Graham Hill as EM Life Distribution…
Swiss Re, ALUCA open return-to-work award
18 June 2018
Applications are open for this year’s Swiss Re and Australasian Life Underwriting and Claims Association return-to-work award…
TAL’s AI underwriting tool wins global prize
18 June 2018
TAL has won a global award for its WunderWriter tool, which uses artificial intelligence and machine learning to audit underwriting cases…
AIA questions group cover opt-in
12 June 2018
AIA warns an insurance in superannuation opt-in model for young people would provide minimal additional savings, but could have devastating implications in the event of injury or illness…
Income protection king of the ‘zombie’ policies
12 June 2018
Income protection cover has been labelled poor value and the “chief culprit” in superannuation members being unable to make claims…
AMP wants lawsuits consolidated as more firms join fray
12 June 2018
Slater & Gordon and Maurice Blackburn are the latest law firms to file a class action against AMP, which has called for a consolidation of the lawsuits it faces over alleged financial misconduct…
FSC spruiks $1 billion saving through rehab role
12 June 2018
Life insurer funding of illness and injury recovery programs could save the Government $1.2 billion in healthcare costs over the next two decades, an industry study shows…