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Insurance

FSC sheds light on cancer impact

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
New life insurance claims data shows the impact cancer continues to have on the lives of Australians, with more than $1.5 billion paid out in the last financial year.

AMP adds competitors to platform

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
AMP is adding other insurers' products to its platform as it records a whopping drop in risk sales for 2019.

Major life insurers continue to suffer

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
The hits keep coming for Australia's life insurance industry, with new data showing total risk premiums inflows dropped by more than $790 million in the 12 months to September 2019, as major players endured another tough year.

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
Shine Lawyers today filed a class action against Colonial First State alleging that hundreds of thousands of Australians were charged excessive insurance premiums.

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
New research from MetLife suggests that financial advisers should consider multiple payment structures to meet client needs.

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
The Australian Prudential Regulation Authority released its look-back at 2019, making special mention of tough times for the life insurance industry and questioning its sustainability.

Insurers halt sales to fire-affected areas

ELIZA BAVIN  |  WEDNESDAY, 15 JAN 2020
Two of the nation's largest insurers have temporarily halted sales of insurance policies to fire-affected areas in New South Wales and Victoria.

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
Australia's life insurance industry is facing deteriorating profitability in relation to income protection products, according to MLC Life Insurance owner Nippon Life.

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
After 13 years, a $22 billion corporate superannuation fund is set to cut ties with TAL.

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
ASIC has commenced proceedings against TAL Life in the Federal Court over one of the cases referred to it by Royal Commissioner Kenneth Hayne.