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INDUSTRY NEWS
Super funds could face legal problems once group insurance for inactive accounts is switched off on 1 July, as members who were unaware they were losing their cover may s...
INDUSTRY NEWS
A major insurer has backdated an update of two of its outdated medical definitions, meaning consumers who had their claim rejected previously may be able to get a new dec...
INDUSTRY NEWS
Australians are at risk of losing their life insurance cover when superannuation changes come into effect in July, as AIA Australia, Commonwealth Superannuation Corporati...
INDUSTRY NEWS
AMP Limited has announced that its Group Chief Financial Officer will be staying on until the company manages to complete the sale of its life business to Resolution Life...
INDUSTRY NEWS
Zurich has flagged growing its business on the back of completing its acquisition of ANZ’s OnePath life insurance business....
INDUSTRY NEWS
Disability insurance is continuing to significantly drag on the bottom lines of the major insurers despite goodwill “discrete goodwill write-offs”...
INDUSTRY NEWS
While the new design and distribution obligations for retail insurance products will impact insurers more, sellers of retail insurance products will still see some new re...
INDUSTRY NEWS
Digital technology’s clash with legacy infrastructure and the spread of 5G mobile networks are among risks identified by Swiss Re Institute in its latest insurance risk r...
INDUSTRY NEWS
Actuarial research and ratings house, Rice Warner has pointed to the disability insurance problems facing the major insurers and the vexed question of best interests vers...
INDUSTRY NEWS
ASIC will likely require some insurance code of practice provisions are strengthened before it approves the code, and these requirements may extend to other industry bodi...
INDUSTRY NEWS
TAL has moved to consolidate its retail offering following its acquisition of Suncorp’s Asteron business and will take Asteron Retail off-sale from 1 July and trim staff ...
INDUSTRY NEWS
AMP chairman, David Murray has defended the company’s decision to sell its life insurance business arguing it has been validated by AMP’s results and the decisions of oth...
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