Integrity sells stake to Japanese insurer
12 June 2018
Japan’s Daido Life has acquired a 14.9% stake in Integrity Life for $13 million…
Life Insurance
AMP begins rebuilding board
12 June 2018
John O’Sullivan has been appointed to the AMP board as a non-executive director…
FPA conference open for registration
12 June 2018
Registrations are open for the Financial Planning Association Professionals Congress, from November 21-23 at the International Convention Centre in Sydney…
Group cover code ‘well short’ of best practice
04 June 2018
The Productivity Commission has outlined room for improvement in the voluntary code of practice for providing insurance within superannuation…
ANZ offloads OnePath NZ
04 June 2018
ANZ will sell its OnePath New Zealand life business to specialist insurer Cigna for $NZ700 million…
NobleOak secures Canstar direct value hat-trick
04 June 2018
NobleOak has won the Canstar direct life insurance outstanding value award for the third year running…
ASIC bans former AMP adviser
04 June 2018
The Australian Securities and Investments Commission has banned Perth adviser Desmond Winton Luplau from providing financial services for five years…
OnePath opens portals for group clients
04 June 2018
ANZ-owned OnePath has introduced digital portals for trustees and members to access claims information…
FPA pumps annual bike ride
04 June 2018
The Financial Planning Association is calling for people to join its annual charity bike ride and hike…
Investment slump hits life insurers
28 May 2018
Life insurers suffered a 3.5% drop in net profit to $2.2 billion in the year to March as investment revenue took a hit, Australian Prudential Regulation Authority figures show…
Education standards tipped to provoke adviser exodus
28 May 2018
More than half of all financial advisers are expected to exit the industry within the next five years due to new education standards…
Actuaries outline vision for sustainable industry
28 May 2018
Life insurers have been urged to create simplified policies, develop painless claims processes and modernise definitions and benefit structures to create a sustainable industry…
Hayne hearings prompt probe by NZ regulators
28 May 2018
New Zealand life insurers must explain actions taken to address conduct and culture issues as regulators seek to avoid the kind of practices that have tainted their Australian counterparts…
Regulators ‘well advanced’ on claims data reporting regime
28 May 2018
A public reporting regime for life insurance claims information may be ready early next year, as regulators progress through the second round of pilot data collection…
Mitsui buys CBA stake in Chinese insurer
28 May 2018
Commonwealth Bank has sold its 37.5% holding in China’s BoComm Life Insurance for $668 million to Mitsui Sumitomo Insurance…
TAL claims managers, leaders gain mental health coaching
28 May 2018
TAL is introducing mental health coaching programs to help claims managers assist clients, and to enhance management skills within the company…
MLC lets Vision Super members into portal
28 May 2018
MLC Life will open its LifeView group insurance digital portal to Vision Super’s 100,000 members…
ALUCA names award winners
28 May 2018
The Australasian Life Underwriting and Claims Association has named the winners of its maiden excellence awards, covering 10 categories…
AFA opens rising star nominations
28 May 2018
Nominations are open for the Association of Financial Advisers Rising Star of the Year Award…
AMP faces record class action threat as more lawyers file
21 May 2018
Maurice Blackburn and Shine Lawyers have announced plans for class actions against AMP, which now faces five such possible lawsuits over alleged financial misconduct and its effect on shareholders…