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Insurance

Fix churn with watch list: AFA

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
The Association of Financial Advisers said churn should be handled by insurers sharing information to create an industry watch list that would identify advisers participating in the practice.

Climate change already an insurance risk

ALEX DUNNIN  |  FRIDAY, 13 JUL 2012
Political opposition to the carbon tax may be at record highs in Australia but for insurers climate change has for many years already been an economic and business risk they have had to plan for.

Direct insurance 40% of market by 2021

ALEX DUNNIN  |  THURSDAY, 5 JUL 2012
Directly sold insurance will comprise 40% of the market within a decade and intermediaries need to be prepared to work with the growth channel rather than see it as a competitor.

Churning needs to be tackled with underwriters

BEN COLLINS  |  TUESDAY, 29 MAY 2012
The issue of 'churning' in the life insurance industry need to be tackled at the underwriting phase, according to boutique licensee Synchron.

UK longevity insurance on the rise

LINDA HAUSKEN  |  MONDAY, 28 MAY 2012
Swiss Re has completed a £1.4bn longevity insurance contract with UK pension fund AkzoNobel, expected to be the first of a number of similar contracts between UK pension schemes and longevity insurers.

NSF Super partners with MetLife

RACHEL DAVIS  |  WEDNESDAY, 23 MAY 2012
The Nationwide Superannuation Fund has replaced OnePath with MetLife as its insurance provider, following a recent review.

Dealer group launches mobile medical service

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
Non-aligned dealer group Synchron has launched a mobile medical and pathology service, in partnership with Health Predictions, to assist advisers with the underwriting process.

Lifewise takes insurance to new social sphere

LINDA HAUSKEN  |  WEDNESDAY, 16 MAY 2012
In an effort to take Australia's underinsurance issue to a whole new 'social sphere', consumer awareness campaign Lifewise has launched a digital photo sharing pin-board in conjunction with social media site, Mamamia, called The Time Capsule.

AMP elevates insurance for mining industry

RACHEL DAVIS  |  MONDAY, 14 MAY 2012
AMP has announced upgrades to its insurance offer, Elevate, with a focus on improvements for people working in the mining industry.

Australia eyes Israeli super system

MELANIE TIMBRELL  |  FRIDAY, 11 MAY 2012
Engagement with lifecycling and a better engagement with annuities are two key aspects of the Israeli pension model where Australian super should take note, according to industry heavyweight Jeremy Cooper.