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Insurance

Reinsurance specialist boosts Australian team

LAURA MILLAN  |  MONDAY, 21 OCT 2013
Global risk and reinsurance specialist Guy Carpenter has expanded its Australian operations team with six new hires and new risk advice solutions.

TPD insurance prices up 10%

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
Total and permanent disability insurance prices have gone up 10% in the last year, but the insurance market is still under pressure from increasing claim rates and failure to adapt products to social trends.

Insurers now in full recovery mode

STAFF WRITERS  |  WEDNESDAY, 16 OCT 2013
Nearly two years after the devastating series of natural disasters that saw floods, bushfires, earthquakes and tsunamis scar the Asia-Pacific region, the insurance and reinsurance industry is close to recovery.

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.