CommInsure denies document tampering
15 May 2017
CommInsure has rejected allegations that documents stored in its medical claims tracking system were deliberately tampered with or deleted…
Life Insurance
Productivity Commission to review competition
15 May 2017
Competition in the financial system will be examined in a Productivity Commission inquiry…
Bank founder made CBA financial services exec
15 May 2017
Coenraad Jonker, co-founder of South African branchless banking start-up Tyme, has been appointed Group Executive International Financial Services at Commonwealth Bank, replacing Rob Jesudason…
Regulators launch life claims data pilot
08 May 2017
Regulators have started the pilot phase of a project to improve public reporting of the life insurance industry’s claims performance…
Insurance in super discussion paper released
08 May 2017
The Insurance in Superannuation Working Group has released the third in a series of discussion papers as it moves towards developing a Life Insurance Code of Practice for superannuation trustees…
BT Life a ‘standout’ as inforce premium rises
08 May 2017
BT Life says inforce premium grew 11% to $1.03 billion in the six months to March 31…
Gallagher Bassett sets up life service
08 May 2017
Third-party claims administrator Gallagher Bassett has established a life and disability division in Sydney and Auckland to improve claims outcomes…
OnePath reports premium decline
08 May 2017
ANZ’s wealth business, largely driven by its life insurer OnePath, says overall inforce premium declined 4% to $1.83 billion in the six months to March 31…
‘Genuine concern’ key to successful relationships
08 May 2017
Financial advisers must be committed and genuine when reaching out to clients, financial services education expert Jim Taggart says…
AIA adds term level premium structure
08 May 2017
AIA Australia is introducing a term level premium structure to its Priority Protection suite of life insurance products, to provide savings and more flexibility for clients…
AIA appoints marketing chief
08 May 2017
Former Zurich Asia-Pacific CEO of general insurance Stuart Spencer has been appointed AIA Group Chief Marketing Officer, based in Hong Kong…
FPA names Conduct Review Commission chairman
08 May 2017
The Financial Planning Association has named Graham McDonald as the new Chairman of its Conduct Review Commission and Dale Boucher as his deputy…
Lawyer takes AFA standards role
08 May 2017
The Association of Financial Advisers has appointed Linda Vogel as General Counsel, Professionalism…
Centrepoint names joint Company Secretary
08 May 2017
Premium funder Centrepoint Alliance has appointed its General Counsel Marty Carne as Company Secretary. He will share the role with Debra Anderson…
Pace of industry inflows slows
01 May 2017
Overall premium inflows increased 3.4% to $15.89 billion last year as growth in the Australian life insurance market moderated from the double-digit rises recorded in the past two decades, according to industry data from consultant Strategic Insight…
Committee calls for naming and shaming of execs
01 May 2017
A parliamentary report on the big four banks has called for all regulatory breaches to be made public within five business days, effective from July 1…
AIA hails strong growth in Australia, Asia
01 May 2017
AIA says first-quarter growth in new business was “particularly strong” in markets including Australia, South Korea, the Philippines and Vietnam…
Scor life premium up as Asian expansion pays off
01 May 2017
Scor Global Life’s gross written premium grew 12% to €2.18 billion in the first quarter, partly buoyed by new business growth in the Asia-Pacific region and franchise expansion in Japan…
MLC introduces ‘industry-first’ engagement positions
01 May 2017
MLC Life Insurance has announced the creation of “unique” business engagement manager roles…
FPA produces ‘planning for everybody’ ad
01 May 2017
The Financial Planning Association has launched a national advertising campaign to dispel the myth that financial planning is just for the wealthy…