Rise in PI excess hurts financial advisers
01 October 2012
Higher excesses on professional indemnity insurance may hit advisers and dealer groups harder than premium rises, according to Seaview Consulting Director Bob Neill…
Life Insurance
Investors need to cover longevity risk: Swiss Re
01 October 2012
Insurers and reinsurers must encourage capital markets to invest in long-term funding for longevity, according to Swiss Re…
Life insurance complaints dominate SCT rulings
01 October 2012
Life insurance disputes featured in more than half of the Superannuation Complaints Tribunal’s determinations in the last quarter of the 2012 financial year…
Weiss waits for ClearView role
01 October 2012
Gary Weiss, the powerbroker in Crescent Capital’s $242 million takeover of ClearView Wealth, must wait until next June 30 to become chairman following a deal between the groups and the Australian Prudential…
AIA buys into Sri Lanka
01 October 2012
AIA Group has bought UK insurer Aviva’s Sri Lankan life insurance business for $US109 million ($104 million)…
Insurance problems with Trans-Tasman deal
24 September 2012
Members moving their super from Australia to New Zealand under a new fund portability agreement will lose their life insurance cover…
Comprehensive insurance advice key to best interests
24 September 2012
Advisers must ensure they cover all a client’s insurance needs under proposed best interest duty regulations, according to WHK National Head of Lending and General Insurance Terry Lingard…
MySuper insurance rules bill introduced
24 September 2012
The third tranche of the MySuper regulations has been introduced to Parliament…
APRA defines insurance reporting in super
24 September 2012
The Australian Prudential Regulation Authority has proposed new reporting standards for life insurance held in super funds…
Zurich updates occupations for life products
24 September 2012
Zurich has reviewed its risk rating for engineering and mining jobs, added more than 30 occupations to its adviser guide and enhanced its definition of malignant cancer in relation to breast cancer…
AIA recruits partnerships leader
24 September 2012
Life group AIA Australia has appointed Sam Tremethick to the new role of national manager, strategic partnerships…
Income protection for mums and dads
24 September 2012
InsuranceLine has launched a new income protection product for stay-at-home parents – providing up to $3000 a month if they are unable to perform their regular duties…
Partners Life business model pays off
24 September 2012
New Zealand insurer Partners Life has grown rapidly since its launch 18 months ago and is close to its five-year target of taking 20% of all new personal insurance written…
IOOF extends Plan B offer
24 September 2012
IOOF is to make its offer for Plan B unconditional after securing 86.1% of the dealer group’s shares…
Adviser to sue WealthSure over commissions
17 September 2012
A Melbourne life adviser plans to sue his former dealer group over unpaid commissions…
Remove ‘insurance’ from disability scheme: FSC
17 September 2012
Financial services sector leaders want the National Disability Insurance Scheme to be renamed because they fear it may confuse consumers…
Falling interest rates hit insurers: Swiss Re
17 September 2012
Interest rates which have been dropping for 30 years have dented the insurance industry, according to a study by Swiss Re…
APRA announces interim solvency standards
17 September 2012
The Australian Prudential Regulation Authority has introduced interim arrangements for the reporting of solvency standards by life insurance companies…
Life features a driver in adviser satisfaction
17 September 2012
The features in life insurance products are a key driver of adviser satisfaction, according to Macquarie Life…
Electronic processing for ClearView advisers
17 September 2012
ClearView will introduce electronic applications for its LifeSolutions product from next Monday, Victorian State Manager Tony Schiavello says…