LIFE INSURANCE

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Resolution Life completes acquisition of AMP’s minority equity interest

Oksana Patron 30 June 2022

Resolution Life Australasia has announced the completion of the acquisition of AMP Ltd’s remaining 19.13% equity interest in Resolution Life Australasia, initially announced in November, 2021.

The announcement coincided with Resolution Life Australasia having entered the last stage of full separation from AMP and the cessation of all transitional service…

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Data reinforces life/risk policy failures

Mike Taylor 28 June 2022

Two of the most significant regulatory interventions in the life insurance space are continuing to prove problematic with consumers stubbornly clinging to old disability income products while the exit of financial advisers continues to weigh down individual life insurance sales.

The latest data from specialist life/risk research house Dexx&r reveals…

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Will life insurers’ new voice have time to resonate in Canberra?

Mike Taylor 27 June 2022 No Comments

With the future of the LIF on the line will the new CALI succeed in having the voice of life insurers heard in Canberra?

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Exit of the life insurers leaves the FSC with a revenue hole

Mike Taylor 23 June 2022 One Comment

The exit of the major life insurers leaves the Financial Services Council with a significant decline in membership and a revenue black hole.

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New life insurer representative body announced

Mike Taylor 22 June 2022 No Comments

A new representative body for the life insurance industry has been formed to take the reins from the FSC.

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Resolution Life appoints new Australasia executives

Yasmine Masi 22 June 2022 No Comments

Resolution Life Australasia has appointed Paul Tarlinton and Graeme Edwards to senior leadership roles in the region.

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CEO transition confirmed at MLC Life

Mike Taylor | 16 June 2022MLC Life Insurance has announced the transition to a new chief executive with Rodney Cook being replaced by Kent Griffin.
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MLC Life introduces health incentive

Yasmine Masi | 9 June 2022MLC Life Insurance has announced it will offer cover discounts as part of its Vivo Incentive designed to help customers achieve good health.
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TAL chair retires

Oksana Patron | 3 June 2022TAL has announced the appointment of Mark Joiner as its independent chair, following Duncan Boyle’s decision to retire after eight years at the helm.
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Divisive life insurer worker rehabilitation debate reopens

Mike Taylor | 3 June 2022A new ASFA and Deloitte report has reignited the debate over whether group life insurers should be allowed to participate in worker rehabilitation.
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Zurich wins Mercy Super mandate

Staff Writer | 3 June 2022Zurich Australia has picked up a new group insurance mandate in the form of Queensland-based $1.7 billion fund Mercy Super.
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Commissions aside, the insurance gap makes continuing the LIF vital

Mike Taylor | 24 May 2022The compelling data around the growing life insurance gap should be enough to see the Government endorse the LIF.
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MLC Life and Insignia launch digital claims service

Staff Writer | 4 May 2022MLC LIfe and Insignia join to launch new digital claims handling service covering MLC Masterkey and Plum Super.
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Make income protection opt-in for super funds

Mike Taylor | 29 April 2022Income protection insurance should be made opt-in with respect to insurance inside superannuation according to an expert panel.