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Insurance

AMP Life sale nears completion, new execs appointed

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
AMP Life has appointed a new chief investment officer and a deputy, as its sale to Resolution Life crosses New Zealand central bank's concerns raised last July.

Life insurers fork out more for mental health

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
Life insurers are continuing to pay out more for mental health related claims, as Australians take longer to return to work, according to new analysis.

Life insurance activity rises: MetLife

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
Australians are taking a more active interest in their insurance and superannuation, as the impact of COVID-19 on personal finances continues to be felt, according to MetLife.

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter.

MetLife Australia partners with Foodbank

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
The life insurer and its philanthropic foundation will partner with Foodbank to provide 186,000 meals to Australians from July this year to next summer as COVID-19 increases the demand for food relief.

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
Super Consumers Australia has called on Australia's life insurance industry to eradicate "junk terms" from total and permanent disability insurance, after the Financial Services Council committed to ensuring TPD cover wouldn't be impacted if people lost ...

Insurer invokes financial hardship policy

ELIZA BAVIN  |  MONDAY, 11 MAY 2020
One of Australia's life insurers has taken a range of measures to assist customers who have been negatively affected by the effects of COVID-19.

Frontline worker death nominations spike

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The chief executive of Catholic Super and Equipsuper has shared new data revealing a sharp increase in enquiries on life insurance and updates to death nominations for essential workers.

Insurtech investments down 54% in March quarter

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
Life insurance startups saw their share of total and early-stage funding to insurtechs shrink, as total investment in the sector dropped in the March quarter.

Almost $1bn wiped off risk market

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 MAY 2020
Overall risk insurance market inflows declined in 2019 breaking what was a decades long history of increases, year on year they were down by 4.5%.