| | TUESDAY, 18 FEB 2020 12:16PMAIA Australia, which now owns CommInsure Life, has announced that CommInsure Protection products will cease accepting new business from 31 March 2020.|
|Members of a $25 billion industry superannuation fund are set to pay higher insurance premiums from April 1, with some paying up to 20% more for death and TPD.|
|Premiums for retail income protection policies with insurer AIA have climbed substantially over the last two years.|
|The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.|
|The Actuaries Institute has called for urgent reform of Australia's $5 billion disability income insurance sector.|
|New life insurance claims data shows the impact cancer continues to have on the lives of Australians, with more than $1.5 billion paid out in the last financial year.|
|AMP is adding other insurers' products to its platform as it records a whopping drop in risk sales for 2019.|
|The hits keep coming for Australia's life insurance industry, with new data showing total risk premiums inflows dropped by more than $790 million in the 12 months to September 2019, as major players endured another tough year.|
|Shine Lawyers today filed a class action against Colonial First State alleging that hundreds of thousands of Australians were charged excessive insurance premiums.|
|New research from MetLife suggests that financial advisers should consider multiple payment structures to meet client needs.|
Following its acquisition of a stake in Escala Partners, New York-based Focus Financial Partners is set to buy a slice of Melbourne-based MEDIQ Financial Services.
With the coronavirus, now dubbed COVID-19, impacting not only many lives, but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic.
A former chair of the SMSF Association has returned for another stint in the top job.
The chief executive of a $5.5 billion industry superannuation fund has spoken out against increasing the superannuation guarantee to 12% in a submission to the Retirement Income Review.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|