Insurance & Property Investment News Australia

Money Management Original

Give advisers as much freedom as lawyers on insurance claims

Financial advisers should be granted as much leeway as lawyers in providing assistance with insurance claims,

5 February

Money Management Original

APRA's proposed new group insurance rules preclude sweetheart deals

Superannuation funds negotiating new group insurance arrangements will have to prove and certify that they are in

25 January

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

Industry news

LGIAsuper allows members to secure additional insurance

Members are now able to obtain more insurance cover without the need for underwriting.

25 January

Industry news

CommInsure policyholders to be notified of transfer to AIA

In the latest step of the acquisition, AIA Australia will notify CommInsure policyholders of their transfer to the

18 January

Industry news

Challenged MLC Life gets $650 million capital injection

Nippon Life and National Australia Bank have provided a $650 million capital injection to MLC Life with Nippon

4 January

CommInsure has appointed Deloitte to review past life insurance declined claims, while DLA Piper will examine ethical issues and policy definitions, medical file and record keeping.

Money Management Original

Suncorp denies problems but initiates ‘comprehensive insurance review’

Suncorp has denied the existence of entrenched problems with respect to its total and permanent disability

16 December

The FSC has released a draft standard paper for consultation, which proposes that life insurance APLs must have compulsory provider and product choice.

Industry news

Default super insurance pays up to 79 cents for each premium dollar

Younger superannuation members and those in insurance policies with more restrictive terms and conditions may be

14 December

Industry news

CBA divests equity interest in BoCommLife

Commonwealth Bank has announced its divestment of 37.5% equity interest in BoCommLife to MS&AD Insurance Group

9 December

Digital advice provider, Ignition Wealth has partnered with BT Panorama to provide its digital advice solution to advisers and accountants on the platform.

Industry news

Kelly and Partners and Austbrokers enter partnership

The partnership will deliver a mix of insurance broking, account and tax services to members of either firm.

3 December

Industry Super Australia has claimed the Australian Bankers Association-sponsored Sedgwick Review has failed to address the key issue of banks cross-selling superannuation products.

Industry news

Westpac sells general insurance business to Allianz for $725m

Westpac has announced it will sell its General Insurance and General Insurance Services to Allianz for $725

2 December

Money Management Original

As ASIC begins its LIF review an adviser report tells its own story

As the Australian Securities and Investments Commission kicks off its review of the Life Insurance Framework a new

2 December

Money Management Original

Hannover Life Re to exit direct group market

In yet another sign of the challenging times confronting the life insurance industry in Australia, Hannover Life

1 December

financial markets

Market Insights

Me

Why wouldn’t they make a profit The new products have barely gotten off the ground and both AMP...

Group lump sum still suffering losses1 day 13 hours ago

Jack Doff

I'm with you Wildcat.
Good luck to them scaling empathy and understanding in an...

Creating an advice brand to rival banks 1 day 15 hours ago

Clapanon

Relax old boy. In a few years time when a large cohort of our present day comrades have departed...

Low number of advisers moving to new licensees after resigning1 day 15 hours ago

Life/Risk

Give advisers as much freedom as lawyers on insurance claims

APRA's proposed new group insurance rules preclude sweetheart deals

LGIAsuper allows members to secure additional insurance

CommInsure policyholders to be notified of transfer to AIA

Challenged MLC Life gets $650 million capital injection

Suncorp denies problems but initiates ‘comprehensive insurance review’

Default super insurance pays up to 79 cents for each premium dollar

CBA divests equity interest in BoCommLife

Kelly and Partners and Austbrokers enter partnership

Westpac sells general insurance business to Allianz for $725m

As ASIC begins its LIF review an adviser report tells its own story

Hannover Life Re to exit direct group market

Me

Jack Doff

Clapanon

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