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Insurance

Insurance rep banned from fin services

ASIC RELEASE  |  FRIDAY, 5 MAR 2010
Insurance representative Terrence Wayne McDonald has been banned from providing financial services for 10 years following an investigation by ASIC.

AXA to launch blended premium insurance

MICHAEL HOBBS  |  THURSDAY, 4 MAR 2010
AXA Australia will soon adopt a blended premium pricing approach across its term life, trauma and total permanent disablement (TPD) insurance suite to make life insurance more affordable.

Underinsurance to hit crisis point

MICHELLE BALTAZAR  |  TUESDAY, 2 MAR 2010
One in five working Australian families will suffer the death of a parent or a serious health problem over the course of both parent's working lives, according to new research - but how that impacts their finances can depend on their insurance cover.

AFA awards top insurers

MICHELLE BALTAZAR  |  THURSDAY, 25 FEB 2010
The Association of Financial Advisers (AFA), in association with Plan for Life, has announced the winners of this year's AFA/Plan for Life 2009 Life Company of the Year Awards.

CareSuper ramps up insurance appeal

CARESUPER RELEASE  |  THURSDAY, 18 FEB 2010
The $3.2 billion CareSuper is doubling the death and TPD cover for members over 30, and basing its default cover for younger members on their lifecycle commitments.

Life insurance consolidation could hurt consumers

RUTH LIEW  |  THURSDAY, 11 FEB 2010
Australians will suffer the price of higher margin products and limited product innovation if the life insurance market continues to consolidate, warns Tower Australia.

AXA pushes into Romanian life market

COMPANY RELEASE  |  WEDNESDAY, 27 JAN 2010
AXA has entered the Romanian life insurance market by purchasing Omniasig Life, which represents $18 million in premiums.

AIA Australia execs leave

MICHAEL HOBBS  |  FRIDAY, 22 JAN 2010
Niall McConville, national dealership manager, and David Mounsey, head of adviser services at AIA Australia, have left the insurer.

ING revises OneCare pricing

COMPANY RELEASE  |  THURSDAY, 14 JAN 2010
More than half of ING Australia OneCare policy holders will receive a seven per cent premium cut on average after the firm reviewed its pricing.

Zurich to roll out climate change training

MICHELLE BALTAZAR  |  THURSDAY, 10 DEC 2009
Past all the green rhetoric, one insurer is spending money to give insurance brokers proper training on climate change and how it could affect their clients' business.