Choice backs claims role, doubles down on commissions
13 March 2017
Consumer group Choice accepts advisers have a role to play in the claims process, but it opposes them being paid commissions for selling life insurance…
Life Insurance
Women score low on life insurance knowledge
13 March 2017
Women make more financial decisions in Australian homes, but 30% have admitted they do not know enough about life insurance, according to the latest BT Australian Financial Health Index…
MLC slashes underwriting time
13 March 2017
MLC Life Insurance is using a tele-underwriting service to cut the time it takes to cover retail clients…
BT makes it two in a row for AFA life award
13 March 2017
BT Financial Group has won the Association of Financial Advisers and Strategic Insight Life Company of the Year award for the second consecutive year…
Zurich expands underwriting team
13 March 2017
Zurich Financial Services has expanded its life insurance underwriting teams in Sydney and Brisbane…
Referrals roll in from Infocus-H&R Block tie-up
13 March 2017
Infocus says the first referrals have started to flow from its agreement with accountant H&R Block…
Life leaders slam ASIC findings on bad advice
06 March 2017
The Australian Securities and Investments Commission’s report on the life insurance advice industry is flawed, according to Synchron Chairman Michael Harrison…
Report gives CommInsure a pass on rejected claims
06 March 2017
Deloitte has cleared CommInsure of systemic failures in rejecting claims, in a report commissioned by parent Commonwealth Bank…
CommInsure comes out fighting over claims report
06 March 2017
CommInsure has rejected law firm Maurice Blackburn’s criticism that a new report on its claims handling is flawed…
AIA and Synchron team up on term product
06 March 2017
Synchron and AIA Australia are to introduce a term-level life insurance product later this year…
Men lead on life expectancy gains
06 March 2017
The probability of life expectancy increasing by 2030 is rated at 65% for women and 85% for men, according to a study of 35 countries published in The Lancet…
AFA attacks direct sales’ claims record
06 March 2017
The Association of Financial Advisers has questioned the wisdom of buying life insurance direct, flagging potential problems with claims…
Platforms neglect insurance offerings: Investment Trends
06 March 2017
While platform operators have invested in improving adviser functionality, little is spent on life insurance upgrades, according to Investment Trends Senior Analyst King Loong Choi…
YBR reports 20% premium lift
06 March 2017
Yellow Brick Road has reported a 20% rise in life insurance premium under management to $14.7 million in the six months to December 31…
Lawyer warns of electronic signature danger
06 March 2017
Misuse of electronic signatures may emerge as a bigger issue than more traditional forgery, Townsends law firm Principal Peter Townsend warns…
BT completes Panorama platform with life offering
06 March 2017
BT Financial Group has added life insurance to its Panorama adviser platform…
NobleOak, Virgin earn top marks on income protection
06 March 2017
Research house Canstar has awarded five-star ratings to NobleOak Life and Virgin Money in its review of the direct income protection market…
Legislation dominates FPA roadshow
06 March 2017
The Financial Planning Association is to hold a number of roadshow events on its Professional Ongoing Fees Code and other legislative developments…
TAL sets up South Africa support office
27 February 2017
TAL has established an underwriting operation in South Africa to support its Australian business…
Centrepoint invests in start-up for adviser market
27 February 2017
Centrepoint Alliance will put $5 million into a new life insurance business aimed at the independent financial adviser market…