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

MLC, Pacific Life Re partner on underwriting


MLC Life Insurance has partnered with Pacific Life Re to adopt the British reinsurer’s underwriting engine, UnderwriteMe, allowing advisers to instantly see a client’s outcome at the point of sale and str.. Read More

Group insurers charging unfair premiums


An ASIC investigation has found that some superannuation funds may be incorrectly identifying members as smokers for insurance purposes, leading to unfair premium increases for those using the default fund option. .. Read More

Insurance code sets minimum definitions


The Financial Services Council (FSC) has strengthened its life insurance code of practice ahead of its launch this week by setting new minimum standard medical definitions for cancer, heart attack and stroke for the .. Read More

Contribution changes create insurance bonus


The abolition of the ’10 per cent rule’ preventing employees making tax deductible personal superannuation contributions on 1 July will create an opportunity for advice clients to fund their insurance pre.. Read More

AIA prioritises health with new appointment


AIA Australia has created the new role of chief health insurance officer, further emphasising its focus on its new health and life insurance packaged offering, myOwn, to be launched to consumers in July. The ins.. Read More

AMP Elevate enhancements boost choice


AMP has launched a series of new features within its Elevate insurance range, with the financial services giant saying the changes would give advisers and customers more choice and flexibility regarding life insuranc.. Read More

ASIC introduces LIF regulatory instrument


ASIC has introduced a regulatory instrument capping commissions and specifying clawback provisions in life insurance advice, in line with the incoming life insurance framework reforms. The move is part of the l.. Read More

Price main consideration for life customers


Over eight in 10 Australians were swayed by the cost of life insurance premiums, with price competitiveness being more significant to consumers than product features, claims reputation and service levels, according t.. Read More

Limited website scope hinders life customers


The limited scope of product comparison websites for life insurance coupled with the increasingly self-directed nature of consumers meant more Australians were at risk of making uninformed decisions on what constitut.. Read More

MLC Life Insurance teams with ClaimVantage


MLC Life Insurance has partnered with Irish-based international claim management software solutions provider ClaimVantage as the technology provider for its claims transformation program. Under the second phase .. Read More

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