Insurance & Property Investment News Australia

The National Australia Bank has emphasised to a key Senate Committee the degree to which it has exited the life insurance business.

Industry news

Unemployment won't affect TPD

Financial Services Council member life insurers won’t deny total and permanent disability claims for those who

19 May

AFSLs have been warned against drafting unfair contract terms as they risk it becoming void if a court rules it unfair, The Fold Legal said.

Industry news

TA Associates signs strategic investment growth in Honan

Private equity firm, TA Associates has signed a strategic growth investment in commercial insurance broker, Honan

18 May

Industry news

Insurers must digitise

Consumers of all ages are adopting a “millennial mindset” and established insurers must digitise and draw upon

15 May

Industry news

Life insurers outline how clients are protected

Life insurers have responded to a call to arms from Synchron to demonstrate how they are protecting customers

13 May

The Australian Securities and Investments Commission has announced a cooperative agreement with Indonesia’s Otoritas Jasa Keuangan to promote fintech development.

Money Management Original

CBA exits Indonesian life business

The last vestiges of the Commonwealth Bank’s involvement in life insurance has ended with its exit from its 80%

12 May

Money Management Original

TPD ADL regime up for change

Amid suggestions by the Australian Financial Complaints Authority that the Activities of Daily Living regime is “

5 May

Money Management Original

A year out from the LIF review, ClearView urges no change

Life insurance commissions should be retained in the life/risk industry with no change to their structure,

30 April

Money Management Original

AFA demands APRA collect data on what lawyers are extracting from group life

Data needs to be collected on the fees paid to lawyers on group life insurance claims, according to the

29 April

Industry news

Many would ditch life cover if in financial distress

New research has revealed that many Australians would ditch their life insurance cover while maintaining house and

29 April

Finance executives should make a visible commitment to ethical behaviour by taking the Banking and Finance Oath, former APRA chair, John Laker said.

Money Management Original

'Go further than the code' ASIC tells life insurers

Life insurers should be prepared to go further than their own Life Insurance Code of Conduct to help clients

28 April

Money Management Original

FPA defends role of life/risk advisers

The Financial Planning Association says the advocacy efforts of financial advisers on behalf of clients can often

28 April

Demand for risk clients remained high from financial planners despite LIF, and most of the demand was for book sizes of $150,000 to $500,000.

Money Management Original

Should life/risk have its own standards?

Synchron director, Don Trapnell, said life/risk advisers are being treated unfairly under the education

23 April

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Life/Risk

Unemployment won't affect TPD

TA Associates signs strategic investment growth in Honan

Insurers must digitise

Life insurers outline how clients are protected

CBA exits Indonesian life business

TPD ADL regime up for change

A year out from the LIF review, ClearView urges no change

AFA demands APRA collect data on what lawyers are extracting from group life

Many would ditch life cover if in financial distress

'Go further than the code' ASIC tells life insurers

FPA defends role of life/risk advisers

Should life/risk have its own standards?

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