Economy piles pressure on life market
11 November 2013
Australian life and health insurers face margin pressure from volatile claims and lapse experiences and uncertain new business profitability, according to a report by AM Best…
Life Insurance
Ministers to consider FOFA amendments before new year
11 November 2013
The federal cabinet will consider changes to the Future of Financial Advice legislation before the end of the year…
‘Pioneer’ Fabris secures global role with Zurich
11 November 2013
Sydney-based Marc Fabris has been promoted to the new role of Global Head of New Distribution for the Zurich group’s life business…
Banks face fight for returns on life businesses
11 November 2013
The big four banks are well positioned to capitalise on financial advice, but it is questionable whether they can achieve the same returns as in their core operations, according to a report by Ernst & Young…
Younger advisers embrace social media
11 November 2013
More than one-third of financial advisers use social media to connect with clients, according to a new survey…
Westpac delivers strong insurance result
04 November 2013
Westpac says its general insurance income increased by $43 million in the year to September 30, on strong sales from the bank network…
TAL unveils ‘world-first’ data system for group market
04 November 2013
TAL and industry superannuation fund UniSuper have developed an online tool for sharing group insurance data…
Insurance proves ‘challenging’ for NAB Wealth
04 November 2013
NAB Wealth says inforce insurance premium grew 3.7% to $1.6 billion in the year to September 30…
Life business lifts Macquarie results
04 November 2013
Macquarie Life says inforce premiums increased 22% to $171 million in the six months to September 30…
FPA continues fight for enshrinement
04 November 2013
A long-running campaign to enshrine the term “financial planner” in corporations law will continue under the Coalition Government…
FPA launches academic grants
04 November 2013
The Financial Planning Association will offer academic research grants of up to $5000 as it strengthens its ties with universities…
TAL, OnePath named Canstar life award winners
28 October 2013
OnePath and TAL have shared this year’s Canstar award for outstanding value in life insurance…
S&P awards lowest risk rating to life sector
28 October 2013
Australia’s life industry is rated “very low risk” in Standard & Poor’s latest Insurance Industry and Country Risk Assessment…
AMP expects policy lapses to dent profit
28 October 2013
AMP says income protection policy lapses and higher incurred claim reserves in its Australian wealth protection business will hit annual operating profit…
Lifebroker purchase increases TAL’s direct life presence
28 October 2013
TAL has added to its presence in the direct life insurance market by acquiring comparator Lifebroker…
There’s more to life than premiums, says Choice
21 October 2013
Industry super funds offer cheaper life insurance than stand-alone policies, but there are other issues for customers to consider, consumer group Choice says…
Life sector faces greater scrutiny from ASIC
21 October 2013
The Australian Securities and Investments Commission says it is “concerned about aspects of the life insurance industry” and will put the market under scrutiny…
Higher claims and competition ‘threaten wholesale life’
21 October 2013
The $4 billion wholesale life market is at a tipping point between cost and opportunity, according to a Rice Warner report…
AFA stalwart named a life member
21 October 2013
The Association of Financial Advisers has awarded life membership to former president and treasurer Dennis Bateman…
FPA re-elects board members
21 October 2013
The Financial Planning Association has re-elected three board members…