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LIFE INSURANCE
Financial planning
A background paper on the sale of life/risk products provided to the Royal Commission has suggested life/risk advisers recommend in-house products in return for lower dea...
Life/Risk
TAL, CommInsure, AMP and ClearView have been named to front the next round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financia...
People & Products
Life insurer, TAL, has announced a partnership with Orygen, a national organisation focusing on mental-ill health in young people....
Life/Risk
Colonial First State retained CommInsure as its group insurer despite it performing poorly against a number of industry benchmarks but that may change following the sale ...
Life/Risk
New research from Roy Morgan has shown only 6.1 per cent of risk and life insurance policy holders looking to switch providers are doing so upon the advice of a broker or...
Life/Risk
Self-regulation would not be an adequate protection if life insurers were permitted to participate in worker rehabilitation, according to mental health body, beyondblue....
Life/Risk
New player in the Australian life insurance sector, NEOS Life, has launched its retail life insurance offer, which will be distributed through financial advisers....
Life/Risk
ANZ Bank New Zealand has agreed to sell OnePath Life NZ for NZ$700 million to specialist insurance business Cigna Corporation....
Life/Risk
There would need to be an alignment of the various state and territory workers’ compensation jurisdictions to enable life insurers to participate in getting injured worke...
Life/Risk
MLC Life Insurance has told a Parliamentary Joint Committee that life insurers should be allowed to contribute more to worker rehabilitation, albeit with clear limitation...
Life/Risk
Australian insurtechs don’t believe industry incumbents are embracing start-up innovation fast enough, according to a new report....
Life/Risk
The Australian Council of Trade Unions has criticised calls for private life insurers to be allowed a greater role in worker rehabilitation claiming it is part of a Finan...
Financial planning
New survey data suggests life insurance industry executives fear the Life Insurance Framework will act as a disincentive to university graduates considering becoming life...
Superannuation
The financial services regulators have been urged to closely scrutinise the financial relationships which exist between life insurers and superannuation fund trustees....
Policy & Regulation
The voluntary approach to industry self-regulation in the life insurance industry is not working and needs compulsion....
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MARKET INSIGHTS
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....