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

AFA to focus on underinsurance solution


The Association of Financial Advisers (AFA) intends to work closely with the risk insurance industry and its members this year to better address Australia’s underinsurance issue. “We’ve spent t.. Read More

IOOF launches SMSF insurance


Wealth management firm IOOF Holdings has launched a new risk offering for self-managed superannuation funds (SMSF) as a result of feedback from financial advisers. “This offering is available now and we th.. Read More

Total risk market inflows rise in 2012


The amount of money flowing into Australia’s overall risk insurance market increased by 11.7 per cent in 2012 from $10.3 billion to $11.5 billion, the latest Plan For Life report said. According to the &ld.. Read More

Life framework off the table, but not off agenda: FSC


The Financial Services Council’s (FSC) replacement business framework is off the table but not off the agenda, with the association’s chief saying a solution is still needed with problems around the susta.. Read More

APRA proposes new non-confidential measures


Australian life insurers may be faced with their financial and risk data being made public under new non-confidential measures proposed by the Australian Prudential Regulation Authority (APRA). On Friday, the pr.. Read More

Synchron backs FSC decision to ditch ACCC application


Dealer group Synchron has labelled the Financial Services Council’s decision to dump an application to the Australian Competition and Consumer Commission (ACCC) over its business replacement policy framework as.. Read More

FSC backs down on policy framework


The Financial Services Council (FSC) has ditched plans to lodge an application to the Australian Competition and Consumer Commission (ACCC) over its replacement business policy after the proposed framework failed to .. Read More

Insurance broker agrees to EU


A South Australian insurance broker has agreed to permanently refrain from providing financial services or engage in credit activity after offering ASIC an enforceable undertaking (EU). Paul Meier of Findon, Ad.. Read More

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

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