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Insurance

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
While the US Fed has offered to provide AIG Life $100 billion in liquidity funding, AIG's Australian customers are well insulated from any fall-out.

MLC cuts medical requirements

MICHAEL HOBBS  |  FRIDAY, 12 SEP 2008
MLC is reducing the number of medical examinations and blood tests required by up to 30 per cent across its lump sum insurance products.

AIG takes group insurance online

MICHAEL HOBBS  |  MONDAY, 1 SEP 2008
AIG Life is moving its group insurance service online with eForm, an application process that will reduce administration workload and increase the number of applications that can be instantly approved.

Barclays UK takes life insurance online

MICHAEL HOBBS  |  WEDNESDAY, 20 AUG 2008
UK based Barclays Bank penned a deal with Norwich Union to provide life insurance products for the retail market online, a strategy which contrasts the approach of many Australian insurance firms.

HSBC contracts Allianz for insurance

MICHAEL HOBBS  |  MONDAY, 18 AUG 2008
HSBC Bank Australia is partnering with Allianz Australia to provide general insurance products under the HSBC brand to the Australian market.

Changing of the guard: TOWER

RUTH LIEW  |  FRIDAY, 8 AUG 2008
TOWER Australia today unveilled Japanese insurance giant Dai-ichi Mutual Life Insurance as its new cornerstone investor - marking a generational change in business strategy and direction for TOWER's operations.

IFSA launches insurance campaign

MICHELLE BALTAZAR  |  FRIDAY, 8 AUG 2008
Twenty IFSA members from the insurance industry have banded together to develop a new consumer brand designed to re-define the way Australians perceive insurance.

Life insurance made easy: AIG

RUTH LIEW  |  MONDAY, 4 AUG 2008
Wanted - 2,200 advisers looking to boost clients' life cover with only a signed declaration of good health as the solo underwriting requirement.

Aviva matches green rebates

MICHAEL HOBBS  |  FRIDAY, 25 JUL 2008
Aviva Australia employees could receive an extra $300 in their pay cheque after the firm announced it is matching the state and federal government's water efficiency and renewable energy rebates.

TOWER's business set to soar

RUTH LIEW  |  TUESDAY, 22 JUL 2008
TOWER Australia's robust premium growth and increasing product differentiation will see the insurance firm gain serious clout in the local insurance market, according to ratings house Standard & Poor's (S&P's).