LIFE/RISK

INDUSTRY NEWS

The Australian Prudential Regulation Authority has used its 2020 Year in Review to point to the profitability struggles of the life insurance industry....

INDUSTRY NEWS

Financial advisers should be granted as much leeway as lawyers in providing assistance with insurance claims, according to the Association of Financial Advisers....

INDUSTRY NEWS

Superannuation funds negotiating new group insurance arrangements will have to prove and certify that they are in the best interests of members....

INDUSTRY NEWS

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

INDUSTRY NEWS

In the latest step of the acquisition, AIA Australia will notify CommInsure policyholders of their transfer to the life insurer which is subject to the Federal Court of A...

INDUSTRY NEWS

Nippon Life and National Australia Bank have provided a $650 million capital injection to MLC Life with Nippon Life declaring it will be carefully monitoring developments...

INDUSTRY NEWS

Suncorp has denied the existence of entrenched problems with respect to its total and permanent disability insurance offering but has nonetheless initiated a comprehensiv...

INDUSTRY NEWS

Younger superannuation members and those in insurance policies with more restrictive terms and conditions may be receiving relatively low value for money, according to th...

INDUSTRY NEWS

Commonwealth Bank has announced its divestment of 37.5% equity interest in BoCommLife to MS&AD Insurance Group Holdings has been approved by the China Banking and Insuran...

INDUSTRY NEWS

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

INDUSTRY NEWS

Westpac has announced it will sell its General Insurance and General Insurance Services to Allianz for $725 million and has entered into an exclusive 20-year distribution...

INDUSTRY NEWS

As the Australian Securities and Investments Commission kicks off its review of the Life Insurance Framework a new report has defended the value of life/risk commissions....

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