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Insurance

Life insurance gap down 33pc

ELISE BURGESS  |  FRIDAY, 1 JUL 2011
The life insurance gap in Australia is down 33%, dropping from $1,000 billion in 2005 to $669 billion in June 2010, based on the survival needs of families and dependants after death according to Rice Warner Actuaries.

HESTA forms new relationship with CommInsure

ELISE BURGESS  |  MONDAY, 27 JUN 2011
HESTA has partnered up with CommInsure to offer income protection to age 67.

Super funds bidding to stem insurance shortfall

MATT WOODINGTON  |  THURSDAY, 16 JUN 2011
Group insurance companies are experiencing a shift in the focus of super fund clients with an increasing impetus on innovation, simplicity and slick claims processes.

RI Advice insurance sales up 300pc

ELISE BURGESS  |  THURSDAY, 16 JUN 2011
Life insurance sales are up by 300 per cent for RI Advice Group since late 2009 with adviser insurance training also surging.

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.