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Showing 1 - 10 of 2225 results for "life insurance"

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
... eligible for other types of cover, paying benefits of $100-$300 per day for income protection and up to $150,000 for life insurance, TAL said. It will be offered directly to consumers through a range of organisations across the health and banking sectors ...

King's honours list recognises excellence in super, finance

KARREN VERGARA  |  TUESDAY, 10 JUN 2025
... actuarial profession, Trowbridge founded consulting firm Trowbridge Consulting and spearheaded the review into retail life insurance advice released in 2015. He was an executive member of APRA and the Financial Reporting Council. Thorpe was AXA's ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
ASIC and APRA commenced a joint review in 2022 over concerns that life insurance premium increases might not have aligned with policy terms or met policyholder expectations set by disclosure and marketing materials, though has since noted progress. ...

AIOFP, FAAA encouraged by first meeting with Mulino

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
... Mulino's Melbourne office, some of the AIOFP's top priorities were the Compensation Scheme of Last Resort (CSLR), Life Insurance Framework (LIF) and rationalisation of the compliance regime. AIOFP executive director Peter Johnston said: "We were ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... it assesses a range of options. "In reality, the comparison service was a distribution platform for funeral and life insurance policies issued by Hannover Life Re of Australasia Ltd (Hannover), from whom Choosi received substantial sales commissions," ...

Dai-ichi Life acquires 15% of M&G

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... British asset manager M&G, with the two establishing a long-term strategic partnership across asset management and life insurance. Under the partnership, which is expected to produce at least US$6 billion of new business flows for M&G and US$2 billion ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
The life insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought against the fund in the Federal Court in November 2021 ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... liability. Zurich has been contacted for a statement. The fine comes after the Federal Court's ruling of HCF Life Insurance at the beginning of the month - finding the insurer misled the public over a pre-existing condition term under its Recover ...

Advice bodies want efficiency, long-term solutions from Mulino

KARREN VERGARA  |  WEDNESDAY, 14 MAY 2025
... a non-parliamentary sitting week," he said. The AIOFP's policy focus in the short term will be on the CSLR, Life Insurance Framework (LIF) and rationalisation of the compliance regime. "We have been reliably informed that Dr Mulino will avoid the ...
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