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Insurance

Integrity Life raises $43m

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
Institutional fund managers have pumped $43 million into life insurance startup Integrity Life to help it expand and build out its digital offering.

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
APRA will resume its intervention into the life insurance market to stem ongoing heavy losses in individual disability income insurance.

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group.

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
New research from actuary Plan For Life has found that overall group risk premium inflows fell 15% over the 12 months to June, with fresh legislation to blame.

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
An Actuaries Institute Taskforce has made sweeping recommendations for broad changes to Australia's retail disability income insurance market, including providing examples of Best Interest Duty in life insurance.

Australian Ethical rejigs insurance

ANNABELLE DICKSON  |  TUESDAY, 15 SEP 2020
Australian Ethical has made a raft of changes to the terms and conditions in its superannuation insurance offering.

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
A woman who has multiple sclerosis (MS) is fighting to have CommInsure recognise her condition, calling into question the various definitions life insurers use.

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
Front loaded discounts in the retail life insurance market reel in clients but are found to be more costly over the long term and leads to lapses in policies, according to Rice Warner.

Wealthy Aussies panic buy life insurance

ANNABELLE DICKSON  |  MONDAY, 17 AUG 2020
High net worth investors have resorted to panic buying life insurance products as a result of the COVID-19 pandemic despite low trust in the providers, according to the latest research from GlobalData.

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
Slater and Gordon has criticised life insurers for proposing to dictate who can and can't access mental health treatment through their funding programs.