MLC Life recruits ex-NSW Treasury director
14 October 2019
MLC Life has appointed Andrea Forbes as Executive Lead – Relationship Management in its group insurance team...
Life Insurance
Integrity launches group insurance for tiny business
14 October 2019
Integrity Life is launching a new combined group insurance product for small to medium businesses...
Life insurance profits on borrowed time: RBA
07 October 2019
The profitability of the life insurance sector is no longer sustainable, the Reserve Bank says...
CommInsure charged over policy hawking breaches
07 October 2019
CommInsure has been charged with 87 criminal counts relating to the illegal hawking of life insurance policies and could face a combined maximum penalty of more than $1.8 million...
Draft laws target funeral expense mis-selling
07 October 2019
The Federal Government has released draft legislation to bring funeral expenses policies under the same scrutiny as similar financial products after the Hayne royal commission heard evidence of high-pressure selling tactics...
Speculation over Westpac life sale still high
07 October 2019
Speculation is again mounting that Westpac may be considering a sale of its life insurance assets...
Removing life cover in super 'dangerous for mental health'
07 October 2019
The stripping of insurance in super from low balance accounts and young members may jeopardise the mental health of thousands of people, warns national workplace mental health organisation SuperFriend...
Mutual insurance model can save industry: Daniels
07 October 2019
Re-adopting the mutual insurance model is the key to the future viability of the life insurance industry, a new “white paper” by former financial adviser and Alliton Capital founder Barry Daniels says...
Complete reset due for Count Financial
07 October 2019
CountPlus will develop a new strategic plan, team structure and new leaders for financial advice business Count Financial as it seeks to integrate the acquired company into its business...
Pacific Life Re appoints new GM from within
07 October 2019
Pacific Life Re has promoted Tyson Johnston to the role of General Manager, Australia...
Triple award event for life industry
07 October 2019
A triple-header event recognising the life insurance industry’s efforts in health and wellness, product design and direct life will be held in Sydney on October 17...
Life code breaches double in 12 months
30 September 2019
The number of self-reported breaches of the Life Insurance Code of Practice has nearly doubled from last year, but limited resources are restricting the ability to investigate them properly...
Climate change may raise the cost of life insurance: actuaries
30 September 2019
Increased deaths and lower investment returns from climate change impacts could significantly increase the cost of life insurance, a new Actuaries Institute report warns...
Advisers mindset on fees 'is holding them back'
30 September 2019
Advisers are reluctant to charge fees to clients for life insurance advice and engage with them about value of advice because of their own mindset, an advice consultant says...
ASIC sees voice analytics aiding compliance
30 September 2019
Voice analytics, machine learning and other variants of artificial intelligence (AI) could help life insurers improve quality and compliance, according to the Australian Securities and Investments Commission...
Life Code website launched
30 September 2019
The committee charged with overseeing the Life Insurance Code of Practice has launched a website to improve consumer and industry access to information...
Insurance in super bill sails through Senate
23 September 2019
Industry super advocates have welcomed the passing of a bill that has made insurance in super opt-in for under 25s and those with low balance accounts...
Shaky adviser-client relationship endangering life cover
23 September 2019
Nearly a third of consumers and more than half of all businesses are considering changing or dropping their financial adviser because they think they don't need insurance or think it's too expensive, MetLife says...
Customer satisfaction continues decline
23 September 2019
Customer satisfaction with life insurance is continuing to gradually fall, new research reveals..
Disappointing response to regulator review provokes warning
23 September 2019
Additional conduct obligations may be imposed on New Zealand's life insurers after a disappointing industry response to the regulators’ conduct and culture review...