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...

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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...

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People & Products

Life insurer, TAL, has announced a partnership with Orygen, a national organisation focusing on mental-ill health in young people....

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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 ...

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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...

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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....

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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....

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Life/Risk

ANZ Bank New Zealand has agreed to sell OnePath Life NZ for NZ$700 million to specialist insurance business Cigna Corporation....

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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...

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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...

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Life/Risk

Australian insurtechs don’t believe industry incumbents are embracing start-up innovation fast enough, according to a new report....

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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...

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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...

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Superannuation

The financial services regulators have been urged to closely scrutinise the financial relationships which exist between life insurers and superannuation fund trustees....

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Policy & Regulation

The voluntary approach to industry self-regulation in the life insurance industry is not working and needs compulsion....

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