Retail insurance channel sees growth


The retail risk insurance sector went from strength to strength in the 12 months to September 2017, rebounding from three years of declining sales to record $1.4 billion of lump sum new business, according to new dat.. Read More

AMP launches mental health training


AMP has launched an updated mental health training program for its advisers that has been developed in conjunction with mental health research organisation the Black Dog Institute to better support staff, colleagues .. Read More

MLC locks in premiums for a year


MLC Life Insurance has announced it will freeze premium rates on its retail insurance products until October 2018. The freeze applies to the insurer’s MLC Insurance, MLC Insurance Super, Protectionfirst, P.. Read More

Rice Warner highlights insurance code issues


Actuarial and research firm Rice Warner has advised super fund trustees, insurers, and administrators to quickly get to grips with the draft code of practice for insurance in superannuation, released last week by the.. Read More

MetLife launches digital claims tracker


With life insurance – particularly in superannuation – in definite need of a feel-good story on members’ claims experience, life-focused insurer MetLife Australia has emphasised its commitment to gr.. Read More

CBA offloads CommInsure


The Commonwealth Bank of Australian (CBA) has divested its life insurance businesses CommInsure and Sovereign (New Zealand) to AIA Group for $3.8 billion. The sale of CommInsure and Sovereign included a 20-year .. Read More

Lack of clarity highlights LIF review issues


The current lack of clarity around the frequency of life insurance policy churn in the financial advice industry highlighted the need for a more robust assessment framework by the regulator in the lead-up to its 2021.. Read More

AMP unveils life insurance tools


AMP has launched a range of tools to help advisers prepare for the looming introduction of the life insurance framework (LIF) laws. The financial services giant said its new LIF resource hub included a cash-flow.. Read More

CommInsure unveils new cover


CommInsure has launched a new income protection product and made enhancements to its total and permanent disablement (TPD) and trauma cover to provide broader definitions. The insurer’s new Income Protect.. Read More

Severity-based cover on rise


Severity-based insurance cover was likely to become more popular among retail life insurers as they looked to innovate by making insurance more affordable and by offering advisers more choice, according to ANZ. .. Read More

MLC extends offering, hires underwriting head


MLC Life Insurance will expand its partnership with medical diagnostic firm Best Doctors to allow customers to access second opinions from international medical experts. The company said the partnership had bee.. Read More

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