TAL ordered to reverse claim denial over cocaine use
17 June 2024
Life insurer TAL has lost a claim dispute over undisclosed cocaine use after it relied on evidence from a GP who supplied contradictory reports...
Life Insurance
Super Members Council sorry over ‘dodgy’ advisers comment
17 June 2024
Financial Advice Association Australia has acknowledged an apology from the Super Members Council after the peak body claimed some advisers were “dodgy”...
ASIC cancels Sydney adviser’s licence
17 June 2024
The Australian Securities and Investments Commission has cancelled the licence of Sydney-based financial services provider Sug Ou Jeung...
Industry urged to do more for family violence victims
03 June 2024
The Life Code Compliance Committee has urged the industry to go beyond base requirements and better support customers who are victims of domestic violence...
Rising interest rates lift life earnings prospects
03 June 2024
The outlook for life insurers has improved after central banks turned hawkish, raising interest rates after years of near-zero approaches, the Swiss Re Institute says in a new report...
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...
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...