insuranceNEWS.com.au - Life Insurance

Nippon bolsters Australian presence with Resolution deal

Mon, 16 Dec 2024 03:56:16 GMT

Japan’s Nippon Life has announced an $US8.2 billion ($13 billion) acquisition that it says will consolidate its position in the Australian market...

Advice reforms face election interference, FAAA says

Mon, 16 Dec 2024 03:19:10 GMT

Advisers say the release of draft legislation for the next phase of advice reforms may be decided by the timing of the federal election, which must be held by May...

Super fund renews AIA group contract

Mon, 16 Dec 2024 03:18:40 GMT

Super fund Colonial First State has retained AIA Australia as its group insurance provider for another three years...

Asteron Life gives claims rundown

Mon, 16 Dec 2024 03:18:25 GMT

New Zealand insurer Asteron Life paid $NZ112 million ($102 million) in claims benefits last financial year, according to an update from the Suncorp-owned business...

Investment result drives industry profit

Mon, 09 Dec 2024 03:36:00 GMT

The life industry posted a net profit of $459 million for the September quarter, according to the prudential regulator’s quarterly update...

‘Had to happen’: insurers embrace simple advice model

Mon, 09 Dec 2024 03:35:46 GMT

Life insurers have hailed the next phase of advice reforms as a “big win” for Australians, but financial advisers are more cautious, saying they want further detail on how the changes will be implemented...

TAL claims update reveals mental health toll

Mon, 09 Dec 2024 03:35:28 GMT

TAL says mental injury was its leading source of claims in the six months to September...

ASIC breaks down life insurer complaint caseloads

Mon, 09 Dec 2024 03:35:15 GMT

Term life products prompted the most complaints to life insurers last financial year, according to the Australian Securities and Investments Commission...

AIA boss joins mental health advocacy group

Mon, 09 Dec 2024 03:34:23 GMT

AIA Australia CEO Damien Mu has become an ambassador of Australians for Mental Health, a grassroots movement seeking increased policy focus on emotional wellbeing...

TAL marketing manager takes on consumer role

Mon, 09 Dec 2024 03:34:07 GMT

TAL has chosen sales and marketing GM Alexis Denby to lead its new consumer and growth team...

Claimant wins TPD payout despite injury disclosure breach

Mon, 02 Dec 2024 03:47:40 GMT

A painter who failed to tell his insurer about previous treatment for neck pain has won a court battle to have his total and permanent disability claim accepted...

‘Smooth transition’ as AMP finalises advice deal

Mon, 02 Dec 2024 03:23:05 GMT

AMP has today announced the completion of a deal for its advice business that was first flagged in August...

Life cover in firing line as consumers cut costs

Mon, 02 Dec 2024 02:03:00 GMT

The Council of Australian Life Insurers warns financial security is taking a back seat after new data showed many people would reduce their life cover before cutting home or car insurance...

Melbourne adviser take top honours in FAAA awards

Mon, 02 Dec 2024 01:34:28 GMT

Financial Advice Association Australia has presented awards to the profession’s standout performers...

Family violence charity secures MetLife grant

Mon, 02 Dec 2024 01:34:07 GMT

Queensland-based DV Safe Phone has been chosen to receive funding from MetLife’s community impact grant program...

AIA launches online mental health consultations

Mon, 02 Dec 2024 01:33:49 GMT

AIA is offering a virtual mental health support service for life customers and their immediate families...

Cancer victim loses dispute over death cover reinstatement

Mon, 25 Nov 2024 04:00:47 GMT

The estate of a woman who made a trauma claim for breast cancer has lost its fight over a subsequent death claim because she died before cover could be reinstated...

Suspended adviser relied on old information

Mon, 25 Nov 2024 03:13:09 GMT

The Financial Services and Credit Panel has suspended adviser Ian Reid’s registration for three months over breaches of his obligations...

Super reforms ‘a big win’ for retirees, industry says

Mon, 25 Nov 2024 03:12:54 GMT

Life insurers have backed the federal government’s plans to reform the superannuation system...

ClearView addresses ASX query over claims loss update

Mon, 25 Nov 2024 03:12:22 GMT

ClearView Wealth says the claims update given at its recent annual general meeting was not deemed “price-sensitive” and its long-term targets remain unchanged...