Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Insurance

BOQ buys St Andrews insurance

COMPANY RELEASE  |  MONDAY, 29 MAR 2010
Bank of Queensland has bought St Andrew's Insurance from the Commonwealth Bank of Australia.

Impaired life annuities post record sales

TOWERS WATSON RELEASE  |  MONDAY, 22 MAR 2010
The demand in the UK for impaired life annuities, which gives eligible consumers higher-than-average pension income, has quadrupled since 2001, new figures show.

Risk commission debate heats up

RUTH LIEW AND ALEX DUNNIN  |  THURSDAY, 18 MAR 2010
The FPA's stance that commissions on risk products should remain has revived the debate on insurance fees and prompted two other industry bodies to have their say.

ING enhances OneCare

PRESS RELEASE  |  MONDAY, 8 MAR 2010
ING Australia has improved its life insurance product, OneCare, that allows policy holders to increase their cover by up to 25 per cent on the amount insured on every third year policy anniversary without a medical check-up.

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.