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20 May 2013
Life insurance inforce premium grew 10.11% to $10.6 billion and new business increased 12.8% to $2.5 billion in the year to September 30, according to research house Dexx&r.
Individual lump sum business – which includes death, total and permanent disability and trauma – was up 10.3% to $5.1 billion.
Life companies that grew beyond the market average include AIA Australia (up 44%), Westpac Life (41.6%), CommInsure (28.8%) and Asteron (18%).
Individual disability annual premiums grew 10.15% to $1.9 billion in the period.
Companies expanding beyond the market average include TAL (up 33.5% to $57 million), CommInsure (14.5% to $55 million) and Westpac (78.3% to $36 million).
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Do you have excellent customer service skills, experience in the administration field and have general insurance knowledge? Then we are looking for you!
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Extremely strong aggregating brand I Warm referrals I Manage existing relationships
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Full-time position I Great team environment I Bring your knowledge and skills to a company who values expertise
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An exciting opportunity exists to join Willis at the Sydney practice as an Account Manager, providing risk management and insurance advice to a broad range of insolvency practitioner clients.
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