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Insurance

ASIC has risk advice in its sights

MARK SMITH  |  TUESDAY, 15 OCT 2013
Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell has the retail insurance sectors in his sights, announcing that the regulator will conduct major surveillance of the sector.

MetLife poised to enter DLA market

JAMES FERNYHOUGH  |  FRIDAY, 11 OCT 2013
Life insurer MetLife will launch a deferred lifetime annuity into the Australian market if the current legislative and other impediments are removed.

Aon opens new offices in Australia

LAURA MILLAN  |  TUESDAY, 24 SEP 2013
Aon is extending its regional presence in Australia and will open three new offices days after it appointed a new chief executive.

Insurance becomes concentrated, advisers reduce relationships

LAURA MILLAN  |  THURSDAY, 12 SEP 2013
Insurer relations with advisers are changing rapidly, with financial planners reducing the number of insurance providers and focusing on their most-used insurer for the premiums they write.

Life insurers sponsor mental illness awareness day

JAMES FERNYHOUGH  |  THURSDAY, 12 SEP 2013
Life insurance companies are today joining forces with industry super funds to mark 'R U OK? Day', in an attempt to address the spike in total and permanent disability (TPD) and suicide claims.

Asteron takes on former Aon Hewitt exec

JAMES FERNYHOUGH  |  THURSDAY, 5 SEP 2013
Life insurer Asteron Life has appointed David Plant as its new executive manager of operations and strategy implementation.

APRA to focus on reinsurers

LAURA MILLAN  |  MONDAY, 26 AUG 2013
The Australian Prudential Regulation Authority (APRA) will focus on the performance of reinsurance groups as a way to prevent the negative effects on the insurance industry if a reinsurer was downgraded or failed.

Reporting season reveals insurance black spots

MARK SMITH  |  MONDAY, 26 AUG 2013
A spike in lapse rates and an increasing number of people claiming total and permanent disability (TPD) may lead to an overhaul of products and a surge in premiums some senior industry professionals think.

Suncorp Life set for overhaul after 76% profit plunge

LAURA MILLAN  |  THURSDAY, 22 AUG 2013
Suncorp will overhaul its life risk business after net profit after tax dropped 76% in the past year and accounts now for less than 10% of Suncorp Group.

Investment income fuels life insurance sector

ALEX DUNNIN  |  TUESDAY, 20 AUG 2013
Life insurance industry figures released today by the Australian Prudential Regulation Authority (APRA) paint a picture of a robust industry albeit one preparing for some adjustment.