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Insurance

Cbus changes insurance premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
The industry superannuation fund has informed members the premiums they pay for death and total and permanent disablement cover is changing.

Life insurer wins RAC mandate

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
A boutique life insurer has won a mandate from the Royal Automobile Club of Western Australia (RAC).

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
APRA will publish more of life insurance data across its quarterly statistical reports.

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation.

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
Westpac has agreed to offload its life insurance business to TAL Dai-ichi Life Australia for about $900 million.

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
The corporate regulator is urging TPDinsurance providers to act on gaps in their processes by improving data capabilities after previously flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times.

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
The US$30 billion merger between Aon and Willis Towers Watson is off, with Aon paying WTW a US$1 billion termination fee.

Integrity Life, Will platform partner

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
Integrity Life has partnered with an affordable online Will-writing platform to encourage more Australians to put one in place.

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
Last week, the federal government announced exemptions for the insurance industry in relation to Royal Commission reforms.

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
OnePath Life is repaying customers to the tune of $35 million due to poor telephone sales practices.