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Insurance

Direct insurance secures major player status

ELISE BURGESS  |  THURSDAY, 9 JUN 2011
Direct insurance occupies 17.8 per cent of new sales market, securing its place in the insurance industry and as a real competitor to advisers and group insurance alike.

MetLife launches credit insurance product

ELISE BURGESS  |  FRIDAY, 27 MAY 2011
MetLife Insurance has entered the credit card insurance market with Citibank, launching a credit card account insurance product to protect policyholders in the instance of unemployment, death or injury.

Macquarie breathes new Life into insurance

MATT WOODINGTON  |  WEDNESDAY, 25 MAY 2011
Macquarie Life has made a series of upgrades to its insurance offerings, including the merger of two products and improvements to its underwriting and claims process.

TWUSUPER upgrades member insurance

MATT WOODINGTON  |  TUESDAY, 17 MAY 2011
Transport and logistics industry fund TWUSUPER has strengthened its insurance package for members, offering increased death and total and permanent disablement (TPD) cover.

TOWER completes share sale

MATT WOODINGTON  |  THURSDAY, 12 MAY 2011
Life insurer TOWER Australia announced that shares held by the company and its shareholders have now been transferred to TAL Dai-ichi Life Group.

TOWER Australia changes to TAL

ELISE BURGESS  |  WEDNESDAY, 4 MAY 2011
Life insurer TOWER Australia Group is set to become TAL Limited by November.

New super products and mergers may result - insurers

ELISE BURGESS  |  THURSDAY, 28 APR 2011
Life insurers predict dealer groups will create their own super products or be taken over by wealth managers while direct insurance will get a boost from new FOFA reforms.

Insurance puts a price on housework

ELISE BURGESS  |  WEDNESDAY, 27 APR 2011
Stay at home parents can now receive up to $900 a week in insurance cover for their unpaid housework, should they get injured or fall ill under a new insurance product.

Merger gets Japan FSA thumbs up

ELISE BURGESS  |  MONDAY, 18 APR 2011
The $1.2 billion merger between TOWER Australia and Dai-ichi Life Insurance Company (Dai-ichi Life) continues after Financial Services Agency of Japan (FSA) gives the green light.

Insurance advice needs to pick up the pace

RACHEL DAVIS  |  WEDNESDAY, 13 APR 2011
The Australian Direct Property Investment Association (ADPIA) is urging property fund managers to check that their insurance coverage is keeping pace with their changing business models.