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Showing 61 - 70 of 148 results for "Australian Life"

Life insurers to embrace risky assets

KARREN VERGARA  |  WEDNESDAY, 19 JAN 2022
Life insurers will take on more risks and shun safe-haven assets in a bid to bump up returns in 2022. Australian life insurers are tipped to shed their conservative nature this year amid a tough macroeconomic environment, according to bfinance. Many ...

Australian philanthropy awards winners announced

CHLOE WALKER  |  WEDNESDAY, 17 NOV 2021
... in education, arts and culture. Ann Johnson, co-chair of Philanthropy Australia, said there were few areas of Australian life that have not been touched by Fairfax or his family foundation's philanthropy. "It would be hard to think of someone who has ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... director Brett Clark said this acquisition confirms TAL's and Dai-ichi Life's strong commitment to the Australian life insurance market and community. "The Australian life insurance market is a key component of Dai-ichi Life's global strategy ...

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... still enabling the benefits of competition and innovation from the participation of offshore reinsurers in the Australian life insurance market," Rowell said. APRA is seeking stakeholder feedback by 25 June 2021. The final standard is expected to be ...

MLC Life appoints retail general manager

KANIKA SOOD  |  MONDAY, 8 MAR 2021
... licensees. "I am thrilled to be joining MLC Life Insurance. I've a long-standing admiration for this iconic Australian life insurer, which is soon poised to leverage its significant investment in technology in order to excel in servicing licensees ...

AIA Australia appoints behavioural economics lead

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... for real people." AIA Australia is the life insurer for many superannuation funds including BT Super and HESTA. Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's ...

Life insurers fork out more for mental health

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
... The latest edition of KPMG and the Financial Services Council's five year study on life insurance claims shows Australian life insurance companies are paying out record amounts in disability claims. Accidents sit atop the list of causes for disability ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion ...

TAL reviews life distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAR 2020
... taking place. "In late 2019, TAL announced a new structure to better reflect the evolving shape and size of the Australian life insurance market and the recent integration of the Asteron Life business," the spokesperson said. TAL has since reviewed a ...

AIA income protection premiums jump

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... this year, MLC Life owner Nippon Life reported to the Tokyo stock exchange that deteriorating conditions in the Australian life insurance industry are to blame for challenges facing MLC. The international insurer specifically pointed to income protection ...