Macquarie Life keeps five-star status
10 February 2014
Macquarie Life has retained its five-star rating in the Beaton Benchmarks survey – making it the only insurer to do so this year…
Life Insurance
FPA calls for tax incentive on advice
10 February 2014
The Financial Planning Association has called for financial advice to be made tax-deductible…
RGA recovers from Q2 losses in Australia
10 February 2014
The Australian operations of Reinsurance Group of America (RGA) broke even last calendar year, despite losing $US229.7 million ($256.5 million) in the three months to June 30…
APRA keeps eye on group life actuaries
10 February 2014
The Australian Prudential Regulation Authority says it will work with life insurers’ actuaries on group life pricing, to ensure “more effective” delivery of responsibilities…
Zurich adds underwriters in NSW, SA
10 February 2014
Zurich Financial Services has added more underwriters to its teams in Sydney and Adelaide, as life sales continue to grow…
Centrepoint adds to adviser support teams
10 February 2014
Centrepoint Alliance has added more managers to its adviser support network, including the return of David Spiteri to the role of National Manager Life Insurance…
FOFA changes draw warm response
03 February 2014
Industry bodies have largely welcomed proposed changes to the Future of Financial Advice legislation – but Industry Super Australia has sounded a note of caution…
Life market growth to top 5%: report
03 February 2014
The Australian life insurance market is expected to grow by 5.1% a year over the next 15 years, according to Rice Warner…
Study to examine use of rehab in claims management
03 February 2014
Swiss Re is to hold a study on the role of rehabilitation in claims management, with a white paper on the topic due in a few months…
Plan For Life revises premium inflows report
03 February 2014
Total life premium inflows grew by 10.5% in the year to last September, according to revised figures from research house Plan For Life…
FPA Ask an Expert Week gets under way
03 February 2014
The Financial Planning Association’s Ask an Expert Week begins today…
Life insurers stay in the black
16 December 2013
All but two life insurers made a profit in the year to June 30, according the latest data from the Australian Prudential Regulation Authority…
Advisers’ mood improving, study shows
16 December 2013
Financial advisers will feel more positive in 2014 than they have for two years, according to the latest Zurich Risk Adviser Sentiment Index…
APRA calls for stress tests to include life reinsurance
16 December 2013
The Australian Prudential Regulation Authority wants life insurers to assess reinsurance risks as part of stress-testing…
Churn distracts life industry: FPA
16 December 2013
Underinsurance remains the life industry’s biggest problem but it is being overshadowed by the debate on churning, the Financial Planning Association warns…
Life industry inforce business rises 10.5%
16 December 2013
Total inforce life business grew 10.5% to $11.7 billion in the year to September 30, according to research house Dexx&r…
Planners focus on inquiry, FOFA and tax reform
16 December 2013
The financial system inquiry, Future of Financial Advice legislation and tax agent reforms will be high on the agenda for the industry’s professional groups next year…
Life shortfall costs $47 million a year
09 December 2013
Life underinsurance is proving a drain on the public purse, with the total cost to government estimated at $47 million a year, according to a report by actuaries Rice Warner…
Marsh to push life business as part of SME expansion
09 December 2013
Marsh Advantage Insurance will be raising the profile of its life insurance advice business as part of the broker’s push into the small to medium-sized business segment…
Baker takes CommInsure life actuarial role
09 December 2013
CommInsure has appointed Elizabeth Baker as Head of Actuarial, Life…