Insurance & Property Investment News Australia

A significant number of industry funds are among the lower performers being scrutinised by the Australian Prudential Regulation Authority.

Industry news

New report confirms dire situation facing insurers

New research from KPMG has confirmed the degree to which COVID-19 impacted the Australian life insurance industry

15 October

Financial software provider, Bravura Solutions Limited, has announced an initial public offering of shares in a bid to raise a total of $148 million.

Industry news

BOQ sells St Andrew’s insurance

St Andrew’s insurance is set to become an independent player in the Australian market after being sold by the Bank

14 October

Money Management Original

MLC Life doesn’t want tech challenges to impact adviser remuneration

MLC Life’s new chief of life insurance, Sean McCormack, has acknowledged the adverse impacts of the company’s

9 October

NAOS Absolute Opportunities Company (NAC) has posted an 11 per cent growth in fully franked dividend for the half-year result ended in December, 2016.

Industry news

Integrity Life raises $43m in series B funding

The newly-raised capital will be used to support the expansion of operations and continued development of its

2 October

Industry news

Mental health claims on the rise

Insurance claims for mental health injuries have risen by 80% since 2017, according to Allianz, with firms now

2 October

Industry news

FSC flags significant IP changes by major insurers

Consumers will have the choice between sticking with increasingly expensive features-rich income protection

1 October

Industry news

APRA to resume IDII intervention

From 1 October life insurance companies will be subject to upfront capital penalties until the Australian

30 September

Industry news

New report finds disability insurance market at risk of failure

A new Actuaries Institute Taskforce report has laid bare the fragility of the disability insurance market and has

25 September

Industry news

MLC Life reacts to issues with creation of specific life division

MLC Life acknowledges less than acceptable service experience as it creates specific life division to be led by

23 September

Money Management Original

ASIC issues notices around LIF review

The Australian Securities and Investments Commission has kicked off the first phase of its review of the Life

22 September

Thorn Group has announced the departure of its managing director and chief executive, James Marshall.

Industry news

QBE CEO departs after investigation

A workplace communications issue has seen the abrupt departure of QBE chief executive, Pat Regan.

1 September

The IPA has supported the Misuse of Market Power Bill but believes there are amendments that unnecessarily complicate the law.

Industry news

FSC defends life/risk premium increases

Consumers experiencing life insurance premium rises need to understand the factors driving them, according to the

28 August

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"Compare the pair" is about as in your face for competing Retail funds as it gets....

ASIC moves against REST on false and misleading charges 49 min 36 sec ago

Same Sh*t Same Smell

You can bet 100% plus that new clients are not told about the potential insurance loss from...

ASIC moves against REST on false and misleading charges 51 min 44 sec ago

Same Sh*t Same Smell

I can appreciate the "delayed contribution" issue, but there's nothing to stop...

ASIC moves against REST on false and misleading charges 53 min 33 sec ago

Life/Risk

New report confirms dire situation facing insurers

BOQ sells St Andrew’s insurance

MLC Life doesn’t want tech challenges to impact adviser remuneration

Integrity Life raises $43m in series B funding

Mental health claims on the rise

FSC flags significant IP changes by major insurers

APRA to resume IDII intervention

New report finds disability insurance market at risk of failure

MLC Life reacts to issues with creation of specific life division

ASIC issues notices around LIF review

QBE CEO departs after investigation

FSC defends life/risk premium increases

ken

Same Sh*t Same Smell

Same Sh*t Same Smell

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ken

Same Sh*t Same Smell

Same Sh*t Same Smell