LIFE INSURANCE

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Backfire effect

Risk adviser exits hitting life companies’ bottom lines

Mike Taylor 12 January 2022

The changes wrought by the Life Insurance Framework together with the Financial Adviser Standards and Ethics Authority (FASEA) regime are amongst the reasons life/risk advisers have been leaving the industry with resultant impacts on life insurance company bottom lines.

The latest data from specialist life insurance research house, Dexx&r has…

New appointment

Foresters Financial appoints new CEO

Yasmine Masi 10 January 2022

Member-owned financial services company, Foresters Financial, has announced the appointment of Emma Sakellaris as Chief Executive Officer to lead the company’s growth in the Australian market.

Sakellaris joins Foresters Financial from Rural Aid, where she was Director of Philanthropy and Development. Her previous roles include Executive General Manager at Australian…

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appointment

MLC Life Insurance expands retail distribution team

Yasmine Masi | 16 December 2021MLC Life Insurance has announced it has made several appointments to expand the retail distribution team.

award nominations

Advisers have made their insurance choices – award finalists announced

Mike Taylor | 15 December 2021Adviser views on the top life insurance products have emerged in the finalists of the Adviser Choice Risk Awards.

Keys unlocking a book

FSC releases enforceable occupational exclusion standard

Mike Taylor | 14 December 2021The FSC has released an enforceable standard around occupational exclusions in life insurance.

Life insurance

MetLife wins Equip Super mandate

Mike Taylor | 14 December 2021MetLife wins Equip Super insurance mandate displacing TAL and Hannover.

Regulatory scrutiny

ASIC warning on insurance inside super

Mike Taylor | 10 December 2021ASIC has flagged a surveillance of insurance inside superannuation next year after identifying failings.

New appointment

MLC Life appoints fund CEO as Group boss

Yasmine Masi | 9 December 2021MLC Life has appointed ESS Super chief executive to head up Group Life.

New appointment

ClearView appoints chief claims officer

Yasmine Masi | 2 December 2021ClearView has created a Chief Claims Officer role and appointed Joanna Faglioni.

Life insurance

Life insurers back in black

Mike Taylor | 25 November 2021The latest APRA data shows Australian life insurers back in positive territory.