LIFE INSURANCE

Life/Risk

The Royal Commission has pointed to flaws and inconsistencies in the regulatory environment around life insurance, including that there is no penalty capable of being imp...

Life/Risk

In a hearing littered by admissions of wrongdoing by Clearview, the Royal Commission has heard the insurer’s chief risk officer, Gregory Martin, detail how the firm breac...

Life/Risk

The Financial Services Council has welcomed a regulator’s positive review on the role of the FSC Life Insurance Code of Practice in the sale of direct life insurance, whi...

Financial planning

A background paper on the sale of life/risk products provided to the Royal Commission has suggested life/risk advisers recommend in-house products in return for lower dea...

Life/Risk

TAL, CommInsure, AMP and ClearView have been named to front the next round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financia...

People & Products

Life insurer, TAL, has announced a partnership with Orygen, a national organisation focusing on mental-ill health in young people....

Life/Risk

Colonial First State retained CommInsure as its group insurer despite it performing poorly against a number of industry benchmarks but that may change following the sale ...

Life/Risk

New research from Roy Morgan has shown only 6.1 per cent of risk and life insurance policy holders looking to switch providers are doing so upon the advice of a broker or...

Life/Risk

Self-regulation would not be an adequate protection if life insurers were permitted to participate in worker rehabilitation, according to mental health body, beyondblue....

Life/Risk

New player in the Australian life insurance sector, NEOS Life, has launched its retail life insurance offer, which will be distributed through financial advisers....

Life/Risk

ANZ Bank New Zealand has agreed to sell OnePath Life NZ for NZ$700 million to specialist insurance business Cigna Corporation....

Life/Risk

There would need to be an alignment of the various state and territory workers’ compensation jurisdictions to enable life insurers to participate in getting injured worke...

Life/Risk

MLC Life Insurance has told a Parliamentary Joint Committee that life insurers should be allowed to contribute more to worker rehabilitation, albeit with clear limitation...

Life/Risk

Australian insurtechs don’t believe industry incumbents are embracing start-up innovation fast enough, according to a new report....

Life/Risk

The Australian Council of Trade Unions has criticised calls for private life insurers to be allowed a greater role in worker rehabilitation claiming it is part of a Finan...

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