insuranceNEWS.com.au - Life Insurance

Industry profit collapses as investments, underwriting earnings drop

Mon, 03 Mar 2025 03:39:35 GMT

The life industry suffered a weak December quarter as investment returns plunged and key risk products delivered lower underwriting earnings...

ClearView reprices legacy products after earnings slide

Mon, 03 Mar 2025 03:39:19 GMT

ClearView Wealth has posted weaker first-half-earnings and says repricing of its LifeSolutions product is a focus after the legacy portfolio caused a claims loss in the first quarter...

Acenda names inaugural chair

Mon, 03 Mar 2025 03:38:55 GMT

MLC Life Insurance independent non-executive director Craig Dunn has been appointed chair of Acenda...

Former CBA exec to head TAL board

Mon, 03 Mar 2025 03:38:41 GMT

TAL has named former Commonwealth Bank deputy CEO David Cohen as its new chair, with former Actuaries Institute president Annette King also joining the board...

Insurers back APRA consultation on annuity products

Mon, 03 Mar 2025 03:38:21 GMT

The Australian Prudential Regulation Authority will hold a public consultation in the second quarter of this year on capital settings for annuity products...

Industry guide outlines support for domestic violence survivors

Mon, 24 Feb 2025 03:17:42 GMT

The Council of Australian Life Insurers has prepared a guide for members on supporting victims and survivors of domestic violence...

St Andrew’s aims to provide ‘more choice’ with distribution deal

Mon, 24 Feb 2025 03:17:23 GMT

St Andrew’s Insurance Group has formed a distribution pact with Neilson Financial Services, which it says marks a “significant milestone” in its strategy...

Leading industry super fund fined over ‘inexcusable’ breaches

Mon, 24 Feb 2025 03:16:41 GMT

AustralianSuper has been fined $27 million for breaching laws that protect members with more than one account in a superannuation fund...

Challenger hails life performance as first-half profit climbs

Mon, 24 Feb 2025 03:16:22 GMT

Challenger says its life business “maintained its momentum” in the first half, contributing to increased earnings at the investment group...

Peak body launches adviser lobby program

Mon, 24 Feb 2025 03:16:06 GMT

Financial Advice Association Australia has urged members to join an initiative to increase the profession’s engagement with politicians ahead of this year’s federal election...

TAL marks 10 years of Risk Academy program

Mon, 24 Feb 2025 03:15:43 GMT

TAL is celebrating a decade of its financial adviser education program, as it begins this year’s courses...

Labor opens consultation on genetic test ban

Mon, 17 Feb 2025 03:47:09 GMT

The federal government will consult on the legislative design of its proposed ban on the use of genetic test results in life underwriting...

AFCA backs insurer over non-disclosure of injury, alcohol abuse

Mon, 17 Feb 2025 03:46:23 GMT

The complaints authority says an income protection policyholder was “consciously indifferent to the truth” when she did not disclose her alcoholism and a recent operation to her insurer...

Minister headlines NZ adviser conference

Mon, 17 Feb 2025 03:46:08 GMT

Financial Advice New Zealand will hold its national conference in Christchurch from April 1-3...

FAAA roadshow rolling into Geelong

Mon, 17 Feb 2025 03:45:42 GMT

Financial Advice Association Australia will start this year’s forum roadshow in Geelong on March 4...

Advisers cautious as Jones flags education changes

Mon, 10 Feb 2025 03:44:42 GMT

Financial Services Minister Stephen Jones has announced plans to reform education requirements for advisers...

Swiss Re fills national life and health role

Mon, 10 Feb 2025 03:00:15 GMT

Swiss Re has named Lloyd Campbell-Gibson as Australia and New Zealand head of life and health...

Advisers target career changers in latest talent drive

Mon, 10 Feb 2025 02:23:55 GMT

Financial Advice Association Australia is renewing its efforts to attract new talent to the profession...

Labor under fire for ‘dropping the ball’ on genetic test ban

Mon, 10 Feb 2025 02:23:44 GMT

Healthcare lobby groups have attacked the federal government over a lack of progress on outlawing life insurers’ use of genetic testing to assess underwriting risks, despite a previously announced ban...

AFCA backs insurer on rejected memory impairment claim

Mon, 10 Feb 2025 02:21:07 GMT

A policyholder who claimed income protection for a cognitive impairment will not receive a payout after the dispute authority found his condition arose while his cover was “on hold”...