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Insurance

HUB24 add AIA to platform

JAMES FERNYHOUGH  |  MONDAY, 24 JUN 2013
Life insurer AIA Australia has announced a new partnership with investment platform HUB24. This is the third platform partnership AIA has made in the past two years.

AMP issues profit warning on insurance claims

MARK SMITH  |  MONDAY, 24 JUN 2013
Wealth manager and insurer AMP has warned that its half-year profit is likely to come in below expectations.

Challenger stages lifetime annuities comeback

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
Lifetime annuities could be staging a dramatic comeback with Challenger targeting sales of $240 million in the 2013 financial year.

AIA extends IP insurance to target baby boomers

JAMES FERNYHOUGH  |  TUESDAY, 18 JUN 2013
Life insurance company AIA Australia has extended its Income Protection benefit to include workers up to the age of 70, as baby boomers work beyond the traditional retirement age.

Direct insurance sales grow on consumer confidence

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
Australia's direct life insurance market has shown significant growth over the last year at the expense of the traditional advice sales channel, according to Rice Warner.

Direct insurance not a competitor of retail: Zurich

LAURA MILLAN  |  TUESDAY, 28 MAY 2013
Direct insurance is offering a different product than advised insurance and is not competing directly for its market share, according to Zurich Life head of Marketing Richard Dunkerley.

Retirees could benefit from a vibrant annuities market

JAMES FERNYHOUGH  |  FRIDAY, 24 MAY 2013
At the Actuaries Summit held in Sydney this week, Professor Anthony Asher of the Institute's Retirement Income Working Group stressed the need to develop a "vibrant annuity market", in line with much of the rest of the world.

NDIS does not replace life insurance

ALEX DUNNIN  |  WEDNESDAY, 22 MAY 2013
The national DisabilityCare system, formerly known as the National Disability Insurance Scheme (NDIS), does not replace the need for life insurance, argues AIA Australia (AIA) in a briefing note to advisers.

UniSuper nearly ready to award $25m insurance contract

ALICE URIBE  |  TUESDAY, 21 MAY 2013
Industry superannuation fund UniSuper is in the final stages of a tender process for its insurance arrangements, with announcement of the new insurer imminent.

Australians priced out of life insurance

JAMES FERNYHOUGH  |  MONDAY, 13 MAY 2013
More than two in five Australians cannot afford basic life insurance a survey suggests.