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Insurance
KANIKA SOOD  |  FRIDAY, 29 MAY 2020   12:39PM
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.
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MetLife Australia partners with Foodbank
KANIKA SOOD  |  TUESDAY, 26 MAY 2020
The life insurer and its philanthropic foundation will partner with Foodbank to provide 186,000 meals to Australians from July this year to next summer as COVID-19 increases the demand for food relief.
Super advocate takes FSC to task over TPD tests
HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
Super Consumers Australia has called on Australia's life insurance industry to eradicate "junk terms" from total and permanent disability insurance, after the Financial Services Council committed to ensuring TPD cover wouldn't be impacted if people lost ...
Insurer invokes financial hardship policy
ELIZA BAVIN  |  MONDAY, 11 MAY 2020
One of Australia's life insurers has taken a range of measures to assist customers who have been negatively affected by the effects of COVID-19.
Frontline worker death nominations spike
ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The chief executive of Catholic Super and Equipsuper has shared new data revealing a sharp increase in enquiries on life insurance and updates to death nominations for essential workers.
Insurtech investments down 54% in March quarter
KANIKA SOOD  |  THURSDAY, 7 MAY 2020
Life insurance startups saw their share of total and early-stage funding to insurtechs shrink, as total investment in the sector dropped in the March quarter.
Almost $1bn wiped off risk market
ELIZABETH MCARTHUR  |  WEDNESDAY, 6 MAY 2020
Overall risk insurance market inflows declined in 2019 breaking what was a decades long history of increases, year on year they were down by 4.5%.
COVID-19 drives Aussies to check exemptions
HARRISON WORLEY  |  THURSDAY, 30 APR 2020
In one of the most tragic of COVID-19 consequences, the pandemic is driving Australians to ask their life insurers whether their policies cover them for suicide, the House of Representatives Standing Committee on Economic has heard.
Life insurers prepare for grilling
HARRISON WORLEY  |  FRIDAY, 24 APR 2020
Key players in Australia's life insurance sector are preparing to face a grilling by parliamentarians via videoconference next week.
Risk advisers under fire
ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
This week's joint report from ASIC and APRA into life insurance and claims handling found superior consumer outcomes for group life insurance, leading a prolific law firm to suggest risk advisers add little to no value.
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