Life insurers canvas law changes to address financial abuse

Life insurers canvas law changes to address financial abuse

The major life insurers have canvassed changing the legal settings around policy holders to protect domestic violence victims.
Fiona Macgregor succeeds Brett Clark at TAL

Fiona Macgregor succeeds Brett Clark at TAL

In what represents a major change at the top, Fiona Macgregor is to succeed Brett Clark as CEO of major insurer, TAL.
Adviser exits and Govt policy weigh on life/risk market

Adviser exits and Govt policy weigh on life/risk market

Nearly four years after APRA intervened in the disability insurance market the impacts are continuing to ripple through the system.
Jane Perry

Ex-Qantas Super CEO joins AIA board

Patrick Buncsi 19 June 2024 No Comments

AIA Australia has appointed veteran financial services executive and former Qantas Super CEO Jane Perry to its board.

Zurich AI underwriting mental health

‘Impossible for a human’: Zurich pilots AI in core underwriting process

Patrick Buncsi 28 May 2024 No Comments

Zurich has concluded a six-month pilot testing whether an AI model can overcome a major hurdle within the life insurance underwriting process

Murray Count acquisition adviser network

Challenger extends, deepens MS Primary partnership

Staff Writer 23 May 2024 No Comments

Japanese insurer, Mitsui Sumitomo Primary Life has flagged expanding its relationship with Challenger Life.

TAL

TAL pays annual record in claims benefits, as digital claims rise

Yasmine Raso 17 May 2024 One Comment

TAL has paid over $4 billion in claims benefits to customers in the last 12 months to 31 March, with 50% also lodged digitally.

Product upgrade ClearView

ClearView product updates ‘a first step to reimagining TPD’

Patrick Buncsi 14 May 2024 No Comments

ClearView has announced a number of enhancements to its ClearChoice product series, providing more cost-efficient options for trauma and TPD coverage.

CALI Equisoft Partner Program

‘Major milestone’: CALI secures first corporate partner

Patrick Buncsi 6 May 2024 No Comments

CALI has signed global wealth and insurance technology developer Equisoft to its inaugural Partner Program.

Male figure steps into gap

New retail life sales down by 50% – APRA

Mike Taylor 1 May 2024 20 Comments

A senior APRA executive has pointed to a 50% decline in new retail life policies over the past five years and the exit of 43% of advisers.


INDUSTRY NEWS

Member Satisfaction and The Value of People

Amelia King 5 June 2024

Industry News

No Comments

We’ve suggested before that member experience should be the next metric for measuring superannuation fund (super fund) performance, and recent data…

Looking for reliable income? Consider a multi-sector approach.

Financial Newswire Contributor 1 June 2024

Industry News

No Comments

Although fixed income markets enjoyed a strong rally over 2023, bond yields
remain at attractive levels, particularly across the key income generating

Will your clients’ retirement income last their lifetime?

Financial Newswire Contributor 29 May 2024

Industry News

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Zenith Investment Partners in conjunction with Andrew Lowe, Head of Technical Services, Challenger discusses in this video how guaranteed lifetime…

Introducing Auxilium, your tailored solution for empowering your client support with confidence.

Financial Newswire Contributor 6 May 2024

Industry News

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Our proprietary platform technology, developed in-house, is the cornerstone of Auxilium’s capabilities, supported by Fiducian’s extensive 25-years


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Dexx&r

Adviser exits and Govt policy weigh on life/risk market

Mike Taylor | 16 May 2024Nearly four years after APRA intervened in the disability insurance market the impacts are continuing to ripple through the system.
Product upgrade ClearView

ClearView product updates ‘a first step to reimagining TPD’

Patrick Buncsi | 14 May 2024ClearView has announced a number of enhancements to its ClearChoice product series, providing more cost-efficient options for trauma and TPD coverage.
CALI Equisoft Partner Program

‘Major milestone’: CALI secures first corporate partner

Patrick Buncsi | 6 May 2024CALI has signed global wealth and insurance technology developer Equisoft to its inaugural Partner Program.
Male figure steps into gap

New retail life sales down by 50% – APRA

Mike Taylor | 1 May 2024A senior APRA executive has pointed to a 50% decline in new retail life policies over the past five years and the exit of 43% of advisers.
Brand

Brand trumps advice for life insurers

Mike Taylor | 30 April 2024Consumers are more influenced by the quality of a life insurance brand than by the advice they receive, according to Investment Trends.
Male figure steps into gap

17% decline in life/risk cover over 5 years

Mike Taylor | 18 April 2024Regulatory and economic conditions have been improving for life insurers but the insurance gap has not reduced.
Eyes watching male figure

Some life insurers under-reporting code breaches

Mike Taylor | 10 April 2024Life insurers have been warned to report code breaches accurately amid evidence that some may be under-reporting their shortcomings.
Murray Count acquisition adviser network

Resolution Life acquires Suncorp’s NZ Life business

Mike Taylor | 4 April 2024The company which acquired AMP LIfe, Resolution Life, has now acquired Suncorp's NZ life insurance business, Asteron Life.