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KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021   3:59PM
The insurer received a $650 million capital injection just before Christmas, as its majority owner Nippon Life sees the risk of MLC Life's "stagnant" business performance continuing beyond 2021.
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AIA to launch income protection product
KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
AIA Australia is launching a more affordable, simplistic income protection product in early 2021.
Integrity Life partners for group insurance
ELIZA BAVIN  |  WEDNESDAY, 16 DEC 2020
Integrity Life has announced a new partnership with the aim of bringing new levels of flexibility to pooled group insurance arrangements.
Retail fund ups premiums
ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
A retail superannuation fund will increase premiums on income protection policies from 2021.
ASIC explores value for money in default group insurance
ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
ASIC has published a new report, aiming to determine whether consumers are receiving value for money in default insurance in superannuation.
CBA provides BoCommLife update
ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife.
PPS Mutual transforms underwriting process
ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
Mutual life insurer PPS Mutual has removed several assessments to its medical and financial underwriting requirements to speed up the application process and benefit members.
ASIC to improve default insurance
KARREN VERGARA  |  FRIDAY, 4 DEC 2020
An ASIC investigation found group insurance cover is poorly designed and disclosed to members who are being defaulted into occupational categories with limited data.
Hannover reverses out of group insurance
KANIKA SOOD  |  TUESDAY, 1 DEC 2020
More than 10 superannuation funds could soon be looking for a new group life insurer, as Hannover Re reverses out of the segment to focus on reinsurance.
ASIC prepares industry for claims handling law
KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The corporate regulator has released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims.
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