Insurance & Property Investment News Australia

Five awards have been presented to talent in Australia’s life insurance industry at a gala dinner held in Sydney last night as part of the Financial Services Council Life Insurance Awards.

14 November

Life/Risk

New insurance standards to come at a cost to policyholders: report

Shifting community standards and expectations are driving eight new trends in life insurance which may cost

Westpac Group has announced the completion of a partial sell-down of its stake in BT Investment Management.

13 November

Life/Risk

Completion of Suncorp life sale to TAL delayed

It will be early next year before Suncorp completes the sale of its life insurance business to TAL.

13 November

Life/Risk

Freedom’s woes continue with CEO, board resignations

Within two months of the Banking Royal Commission’s insurance hearings decimating Freedom Insurance, its chief

12 November

Life/Risk

FSC looks to extend code to all “distributors”

The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”.

12 November

Life/Risk

AMP claims vindication on Resolution transaction

AMP Limited has pointed to an Australian Securities Exchange decision as vindicating the nature of its insurance

Online data to grow to $1 trillion industry

7 November

Life/Risk

ANZ OnePath aims to give clients real-time policy

ANZ OnePath has rebuilt its insurance underwriting engine, the ultimate endgame of which is to give clients a

MetLife Australia has announced a campaign to raise awareness around group insurance within super as many Australians remained unaware they had it.

2 November

Life/Risk

Insurers perpetuating “stigma-laden policies”: APS

As the insurers scramble to navigate increasing mental health concerns, the Australian Psychological Society has

Retail funds will increasingly focus on the younger cohort of members as their balances rise and the older cohort begin drawing down their wealth and head towards retirement.

1 November

Life/Risk

Govt urged to drop insurance opt-in age to 21

The Federal Government has been urged to drop the minimum age for automatic insurance cover inside superannuation

YTML has this week announced a strategic partnership with risk specialist technology firm, Omnium, to deliver new offerings for advisers in the life insurance space.

31 October

Life/Risk

FSC to suspend genetic tests for life insurance

The Financial Services Council has announced that it will place a moratorium on genetic tests for life insurance

30 October

Life/Risk

Lawyers urge RC to inject more transparency into insurance

The Australian Lawyers Alliance wants the Royal Commission to inject more transparency into insurance within

More than half of Australians who only have life insurance in their super are not confident in the level of cover they have, according to a survey.

26 October

Life/Risk

FSC proposal described as Trojan horse

Plaintiff law firm, Maurice Blackburn has labelled the Financial Services Council’s failed bid to have life/risk

25 October

Life/Risk

FSC and insurers rebuffed on worker rehabilitation proposal

The Joint Parliamentary Committee on Corporations and Financial Services has rebuffed an FSC proposal to allow

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Life/Risk

New insurance standards to come at a cost to policyholders: report

Completion of Suncorp life sale to TAL delayed

Freedom’s woes continue with CEO, board resignations

FSC looks to extend code to all “distributors”

AMP claims vindication on Resolution transaction

ANZ OnePath aims to give clients real-time policy

Insurers perpetuating “stigma-laden policies”: APS

Govt urged to drop insurance opt-in age to 21

FSC to suspend genetic tests for life insurance

Lawyers urge RC to inject more transparency into insurance

FSC proposal described as Trojan horse

FSC and insurers rebuffed on worker rehabilitation proposal

Build a Strong Core

New means testing rules represent an opportunity for advice

Making sense of the latest market developments

Are recessions predictable?

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