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LIFE INSURANCE
Life/Risk
Within two months of the Banking Royal Commission’s insurance hearings decimating Freedom Insurance, its chief executive, Craig Orton, has announced he will step down for...
Life/Risk
The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....
Life/Risk
AMP Limited has pointed to an Australian Securities Exchange decision as vindicating the nature of its insurance sale transaction with Resolution Life....
Financial planning
The Financial Services Council has told the Royal Commission that advisers undertake a significant amount of work for clients, justifying their commission payments....
Financial planning
The Australian Securities and Investments Commission has signalled it will not be pressing to ban life/risk commissions at least until after it has reviewed the effective...
Superannuation
Assistant treasurer Stuart Robert has announced a plan to ensure that death benefits that include insurance proceeds are not subject to tax when rolled over to a new supe...
People & Products
RGA Reinsurance Company of Australia (RGAA) has appointed life insurance industry veteran, Alissa Holz, as head of business development for Australia and New Zealand....
Life/Risk
The Financial Services Council has announced that it will place a moratorium on genetic tests for life insurance from July 2019....
Life/Risk
The Joint Parliamentary Committee on Corporations and Financial Services has rebuffed an FSC proposal to allow life/risk insurers to participate in getting injured worker...
Life/Risk
The Commonwealth Bank has exited virtually all of its insurance exposures with the sale of 80 per cent of its Indonesian life insurance business....
People & Products
BT has enhanced its online quote and application software, LifeCENTRAL+, to increase the efficiency of life insurance applications for advisers and their clients. ...
Features
Mike Taylor writes that Australia’s major life insurers are continuing to face a highly competitive and dynamic market driven by a range of factors, not least the Royal C...
People & Products
Zurich has adopted UnderwriteMe’s Underwriting Rules Engine as it undergoes an overhaul and rebrand of its adviser-facing portal. ...
Life/Risk
The Royal Commission has been urged to hold the board members of ClearView to account for breaches of directors’ duties relating to the activities of its direct life/risk...
Life/Risk
AMP Limited has sought to rebut claims made during the Royal Commission that it engaged in misconduct in its deduction of superannuation fund members’ insurance premiums ...
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Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....