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Insurance

Slow growth and regulatory burden top insurance industry fears

MARK SMITH  |  THURSDAY, 4 JUL 2013
Macroeconomic trends, a slow growth rate in an environment of lower asset returns and stricter regulation are the biggest risks to the insurance industry, according to a new report from Ernst & Young (EY).

AIA Priority Protection added to Asgard

MARK SMITH  |  MONDAY, 1 JUL 2013
AIA Australia's Priority Protection products have been added to the Asgard superannuation platform.

Insurers and super funds tackle costs of mental illness

JAMES FERNYHOUGH  |  FRIDAY, 28 JUN 2013
Insurers are forking out millions every year on mental health-related claims but it needn't be that way, according to Margo Lydon, chief executive of SuperFriend.

Suncorp forced to improve compliance after ASIC review

LAURA MILLAN  |  THURSDAY, 27 JUN 2013
The Suncorp Group has been forced to make changes to its compliance process after a review by the Australian Securities and Investments Committee (ASIC) over breaches that affected more than 849,000 customers.

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.