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Showing 421 - 430 of 705 results for "Life insurer"

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
The Financial Services Council finalised the standard for life insurance approved product lists. From 1 July 2018, Australian financial service licencees who are members of the FSC will be required to include three or more life insurers on their APL. ...

CommInsure life insurance ads misleading: ASIC

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
The final investigation into CommInsure will see the life insurer pay $300,000 to a community group after ASIC raised concerns about misleading advertisements for two of its life insurance policies. An investigation between mid-2013 to March 2016 found ...

Former AustralianSuper risk head joins AIA ahead of CommInsure acquisition

ALEX BURKE  |  TUESDAY, 12 DEC 2017
AustralianSuper's former head of investment performance, risk and exposure management has joined AIA Australia ahead of its expected CommInsure acquisition in 2018. AIA told Financial Standard that Daniel Craine has joined the insurer in a "project ...

Group insurance awareness encouraging: MetLife

KARREN VERGARA  |  TUESDAY, 12 DEC 2017
... working Australians are aware they have insurance within their superannuation and have actually reviewed it. The life insurer surveyed more than 1500 employees aged between 18 and 64-years-old, aiming to understand the level of engagement and awareness ...

ANZ sells life insurance business for $2.85 billion

ALEX BURKE  |  TUESDAY, 12 DEC 2017
... sold its life insurance business for $2.85 billion in a move that will make the purchaser Australia's largest retail life insurer. Completing what the bank described as a "simplification" of its wealth division, ANZ sold the business to Zurich. The sale ...

AIA appoints regional head of IFA

EMMA RAPAPORT  |  THURSDAY, 7 DEC 2017
... growth in the Asia region with the appointment of a new head of IFA distribution. Sam Tremethick, who first joined the life insurer in 2012 as national manager of strategic partnerships before accepting the role of IFA head of distribution in 2014, will ...

AIA announces two-year fee waiver

KARREN VERGARA  |  MONDAY, 4 DEC 2017
AIA Australia announced it is waiving fees on certain polices that can help improve lapse rates. The life insurer is waiving the policy fee for the first two years of new Priority Protection members. If applicable, it will also waive the AIA Vitality ...

Life insurance M&A outlook gloomy: Report

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
Despite the flurry of life insurance business sell offs, a new study found global life insurers are overlooking Australia for superior acquisition opportunities elsewhere in the Asia Pacific. Willis Towers Watson's analysis of merger and acquisitions ...

Lapse rates review anxiety unfounded: ASIC

KARREN VERGARA  |  MONDAY, 27 NOV 2017
Anxiety around ASIC's life insurance policy lapse rates review among financial advisers is "misplaced" as only the most serious misconduct would result in severe penalties, a senior official said. ASIC senior executive leader of the financial advisers ...

Vision Super names new life insurer

KARREN VERGARA  |  TUESDAY, 21 NOV 2017
Vision Super is welcoming a new life insurance provider from 1 January 2018. MLC Life Insurance will provide default life insurance cover to Vision Super's 10,000 member base for death, total and permanent disablement (TPD), and income protection. MLC ...