PPS Mutual appoints state manager
17 September 2018
Specialist life insurer PPS Mutual has appointed Richard Hopwood to the new role of State Manager Queensland…
Life Insurance
ASIC condemns shortcomings in super insurance
10 September 2018
Insurance in superannuation complaints handling is often too slow, while some trustees have automatically defaulted members as smokers, the Australian Securities and Investments Commission has found in a review…
Suncorp formalises life business sale
10 September 2018
Suncorp has signed the share sale deed to pass its Australian life insurance business to TAL Dai-ichi Life for $725 million…
ASIC bans adviser
10 September 2018
The Australian Securities and Investments Commission has banned James Phillip Allen from providing financial advice for three years, after he failed to act in clients’ best interests…
Munich Re veteran joins Integrity board
10 September 2018
Former Munich Re Australasia MD Heinrich Eder has been appointed an independent non-executive director of Integrity Life…
Freedom reviews business model
10 September 2018
Freedom Insurance Group is holding a strategic review of its business following an “initial discussion” with the Australian Securities and Investments Commission…
YBR notches 10% premium gain
10 September 2018
Yellow Brick Road has reported a 10.6% rise in premium under management to $18.2 million for last financial year…
OnePath widens mental health claims support
10 September 2018
OnePath has extended its claims support system to retail clients making mental health claims through their total and permanent disability insurance…
ASIC uncovers unfair life sales practices
03 September 2018
A review of direct life insurance sales has found significant numbers of consumers cancelling policies or letting them lapse following “shocking” sales tactics…
Freedom slumps on sales decline, cost blowout
03 September 2018
Freedom Insurance Group has reported a 6% fall in net profit to $13.2 million for the year to June 30…
Clients turn away from wellbeing programs
03 September 2018
Advice clients are not taking up health and wellbeing programs associated with their life insurance policies, according to an Investment Trends report…
AMP Life ratings cut amid Hayne fallout
03 September 2018
S&P Global Ratings has downgraded its rating on AMP Life to A+ from AA-…
Supreme Court to decide on rival AMP class actions
03 September 2018
Four competing class actions filed against AMP in the Federal Court have been transferred to the Supreme Court of NSW…
TAL waives payments for drought-hit farmers
03 September 2018
TAL is waiving life insurance premiums for up to six months for farmers hit hard by the drought in NSW and Queensland…
MetLife opens group claims platform
03 September 2018
MetLife Australia has established a digital platform for lodging and tracking life insurance claims through superannuation fund Statewide…
SuperFriend wins funding for call centre pilot
03 September 2018
Life insurance and superannuation workplace mental health group SuperFriend has received $428,911 from the Victorian Government to run a pilot program for call centre staff…
OneCare joins HUB24 super platform
03 September 2018
ANZ-owned OnePath’s OneCare life insurance products are now available on investment and superannuation platform HUB24…
TAL gives advisers a hand with back injuries
03 September 2018
TAL has extended its musculoskeletal underwriting education program to focus on spinal problems following neck pain…
Industry profit falls flat
27 August 2018
Life insurance industry profits were flat at $2.1 million for the year to June 30, according to latest figures from the Australian Prudential Regulation Authority…
ClearView life business makes gains
27 August 2018
ClearView has reported a 102% jump in net after-tax profit to $26.5 million for the year to June 30…