INSURANCE INDUSTRY

People & Products

Metlife appoints Damien Green as interim Australian CEO following looming departure of Lieberman. ...

Financial planning

Metlife appoints Damien Green as interim Australian CEO following looming departure of Marc Lieberman. ...

Funds management

NAB Wealth has reported a mixed result for the year ending 30 September, mostly due to the challenging life insurance industry conditions....

Life/Risk

CommInsure’s Tim Browne says the company had stopped using the word ‘churn’ because it doesn’t accurately represent the underlying issue, which is policy design....

Life/Risk

Choosi’s parent company Hollard Financial Services has agreed to change the way it promotes funeral insurance under the Real Insurance brand, as a result of concerns rais...

Life/Risk

APRA member Ian Laughlin lays it on the line on the insurer failures which have led to hefty premium rises for super fund members....

Life/Risk

APRA buys into lapse/churn debate but points to particular problems with respect to directly-marketed products....

Financial planning

American International Group Australia (AIG) has launched what it is promoting as the world's first "Evergreen" management insurance policy, titled Gold Complete....

Life/Risk

Life insurance claim payments have jumped by 10.7 per cent over the last 12 months, breaking through $4 billion in claim payments, according to new figures released by th...

Financial planning

Small businesses in the finance and insurance industry were the most likely to report a rise in revenue for the last year, according to a survey conducted by accountancy ...

Life/Risk

APRA wants to remove the confidentiality status of data collected from Australia’s major insurers....

Life/Risk

We can buy everything online – clothes, shoes, cars, holidays – so it is only natural that the direct life insurance channel is becoming part of the online tsunami. How t...

Life/Risk

In the ongoing debate about risk insurance fees versus commission, it’s time to think about the financial adviser's value proposition, writes Col Fullagar. ...

Financial planning

The Financial Services Council (FSC) is set to seek class order relief from provisions in the Trade Practices Act in order to implement its anti-churning policy, accordin...

Financial planning

BlackRock analysis points to a need for investors to review fixed interest allocations in a low-rate environment....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 6 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 2 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

4 days 3 hours ago