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Insurance

Life insurance leaders fear for industry

ELIZABETH MCARTHUR  |  FRIDAY, 30 AUG 2019
Some of the biggest names in Australia's life insurance sector have shared their biggest concerns for the future of the industry.

Risk commissions must be retained: MetLife

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2019
About 60% of advice clients believe the removal of life risk commissions would increase underinsurance in Australia, latest research shows.

Members still lack group insurance awareness: MetLife

KRISTI CHENG  |  THURSDAY, 29 AUG 2019
Superannuation members still do not realise they are entitled to life insurance via their super funds despite concerted effort to raise awareness, new research finds.

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks.

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company.

Risk advisory firms merge

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
Two practices specialising in risk will merge to become an advisory business with about $55 million in premiums under management.

NEOS Life partners with insurance tech firm

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
NEOS Life has partnered with a global software firm to support its underwriting, sales and administration functions.

Tasmanian super funds seek insurer

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
The Tasmanian Treasury will soon start the search for an insurer to take over the mandates of two small public sector superannuation funds.

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
An overwhelming number of Financial Standard readers have backed corporate regulator ASIC's move to ban the unsolicited sales of life insurance.

Women don't know their worth: Noble Oak

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
Women underestimate their life insurance value by 125% while men underestimate theirs by just 19%, latest research shows.