Underinsurance gap narrows: report


The continued growth of Australia’s life insurance sector has helped address the country’s underinsurance concerns, however, more work is needed to reduce the gap, according to an industry report. .. Read More

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

FSC releases final APL standard


The Financial Services Council (FSC) has finalised its standard for life insurance approved product lists (APLs) and says the amended standard will go further than previous drafts. The FSC announced yesterday th.. Read More

Insurance in super code of practice released


The Insurance in Super Working Group (ISWG) has released its draft code of practice for life insurance held within superannuation. In a statement, the ISWG said the voluntary code would represent “a strong.. Read More

Zurich buys ANZ life business


Zurich has purchased ANZ’s OnePath life insurance business for $2.85 billion as the global life insurer looks to rapidly expand its presence in the “mature Asia-Pacific” market and broaden its bank .. Read More

Australians unsure about group insurance


The majority of Australians were unsure of the extent of insurance coverage they had inside superannuation, meaning life insurers must do more to help consumers understand and adjust their group insurance coverage if.. Read More

FSC says medical data framework needed


Life insurers and doctors must work together to come up with a standard framework around the use of a policyholder’s medical information, as discrepancies between the ways general practitioners and insurance co.. Read More

Opinion - Education fears real and justified


As 2017 draws to a close we are running headlong into a new adviser education environment, something that is striking fear into the hearts of many risk-focused financial advisers. And with good reason. Central .. Read More

AIA stands out for consumer satisfaction


AIA Australia was the standout for consumer satisfaction among retail life insurers this year, with overall consumer satisfaction in life insurance declining slightly over the past 12 months, according to new researc.. Read More

AIA adviser distribution head to depart


Life insurer AIA Australia’s head of independent financial adviser (IFA) distribution will depart his role for a more senior position at the group’s head office in Hong Kong. In a statement, AIA conf.. Read More

TAL launches cancer intervention initiative


Life insurer TAL has launched a free early intervention initiative for consumers at risk of skin cancer in a bid to reduce the incidence of the disease, which is responsible for a significant proportion of the life i.. Read More

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