Synchron signs mortgage referral deal to aid advisers
29 February 2016
Synchron has signed a mortgage and finance referral deal with NAB-owned Advantedge, to lift its advisers’ revenues when commissions are cut under forthcoming industry reforms…
Life Insurance
Switch to fee-for-service hits Centrepoint revenue
29 February 2016
Revenue from Centrepoint Alliance’s adviser business fell 6% in the six months to December 31 due to its switch to a fee-for-service model…
Australia helps Swiss Re turn around life business
29 February 2016
Swiss Re says its Australian life and health business recorded $US1.1 billion of gross written premium last year…
Scor life premium rises
29 February 2016
Scor Global Life has reported a 20% increase in gross written premium to €7.6 billion for last year, with increased business volumes in Asia…
YBR continues to grow life business
29 February 2016
Yellow Brick Road says life insurance premium grew 44% to $9.8 million in the six months to December 31…
South African entrant teams up with NobleOak Life
22 February 2016
NobleOak Life will be the insurer for South African group PPS Mutual when it begins operating in Australia next month…
AMP life insurance profit dips
22 February 2016
AMP’s life insurance business has reported a 1.6% decline in operating earnings to $185 million for last calendar year…
Commissions take toll, but life industry makes gains
22 February 2016
Commissions remain a significant part of life insurers’ expenses, according to latest industry figures from the Australian Prudential Regulation Authority…
Mortgage Choice planning arm moves nearer to net profit
22 February 2016
Mortgage Choice’s financial planning business has reported a $787,000 gross profit for the six months to December 31, up from $553,000 in the corresponding period of 2014…
Challenger reports further annuity gains
22 February 2016
Challenger Life has reported a 4% increase in annuity sales to $1.6 billion for the six months to December 31…
NZFSC reviews its own future
22 February 2016
The fate of New Zealand Financial Services Council will be decided before June 30, Chairman Rob Flannagan has told insuranceNEWS.com.au…
Austock Life reports half-year gains
22 February 2016
Austock Life says management fees for its insurance bonds increased $445,000 to $3.4 million in the six months to December 31…
TAL academy adds to training roster
22 February 2016
The TAL Risk Academy is offering five new courses this year, including an industry-first LinkedIn masterclass and two new social media webinars…
Suncorp Life profits hit as new business falls
15 February 2016
Suncorp Life says half-year net profit after tax fell 38.4% to $53 million, following $5 million of negative market adjustments…
NZ life claim figures maintain strong trend
15 February 2016
New Zealand life insurers paid $NZ1.13 billion of claims last year, according to the country’s Financial Services Council…
CommInsure reports improved December half for life
15 February 2016
CommInsure has reported a 20% increase in income to $330 million for the six months to December 31…
Internet first port of call for life customers: NobleOak
15 February 2016
Consumers are increasingly looking online for information on life cover, rather than turning to advisers, according to NobleOak Life Insurance CEO Anthony Brown…
Synchron picks AIA to supply new fixed-term product
15 February 2016
Synchron has partnered with AIA Australia on a new fixed-term, level-premium life insurance product to be sold by the dealer group’s advisers…
Dai-ichi Life profits rise despite flat revenue
15 February 2016
Dai-ichi Life has reported a 13.3% rise in profit to ¥324.7 billion ($4 billion) for the nine months to December 31…
Women urged to give finances a workout
15 February 2016
Working women lag men in “financial fitness”, posing a risk to their health, according to a survey by Map My Plan…