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Insurance

Super funds need to clarify DisabilityCare to members

LAURA MILLAN  |  WEDNESDAY, 14 AUG 2013
Superannuation fund members are confused about DisabilityCare and funds should be sending out the message that the government's program doesn't cover all life insurance aspects.

AIA tackles spike in mental illness-related claims

JAMES FERNYHOUGH  |  TUESDAY, 13 AUG 2013
Life insurer AIA Australia has launched a paper exploring ways of getting employees suffering from mental illness back into work, after a spike in total and permanent disability (TPD) claims has put serious pressure on the life insurance industry.

CommInsure enhances adviser flexibility of life product

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
CommInsure clients will be able to bundle insurance inside and outside superannuation, a feature that offers greater flexibility for advisers who may have clients that are cautious of their cash flow and want to pay for premiums via superannuation.

Suncorp Life profit to drop 75%

LAURA MILLAN  |  MONDAY, 5 AUG 2013
Suncorp Life net profit after tax (NPAT) is expected to drop approximately 75% due to increasing discount rates and the poor performance of the life insurance division.

The life insurance sustainability challenge

ALICE URIBE  |  FRIDAY, 2 AUG 2013
Australian retail and group insurance markets need a greater focus on risk selection so that insurers can return to sustainable long-term profitability, Alain Neemeh, executive vice president, Australia and Canada at Reinurance Group of America (RGA) ...

TAL puts focus on super in latest offering

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
Life insurer TAL has announced changes to its Accelerated Protection offering, putting the focus on insurance bought through superannuation.

AIA Group reports 34% profit growth

LAURA MILLAN  |  TUESDAY, 30 JUL 2013
Life insurer AIA Group has reported strong profits on its interim results for the six months ending May 31, 2013.

UniSuper signs insurance deal with TAL

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
TAL will be providing insurance to UniSuper members from November 2013, the industry superannuation said today.

Zurich makes platform debut, mulls providers

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
Zurich has entered the platform space for the first time and is set to make its Wealth Protection available in several platforms.

Westpac launches annuity lookalike

JAMES FERNYHOUGH  |  WEDNESDAY, 17 JUL 2013
Westpac Institutional Bank has launched an "annuity-style" product in response to demand from financial advisers seeking options to help clients achieve retirement goals.