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Level premiums to remain
ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
Despite the Australian Prudential Regulation Authority's (APRA) intervention to try and salvage individual disability income insurance, level premiums will continue to exist.
Stephen Jones admits to anti-life insurance bias
ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers annual conference, shadow minister for financial services Stephen Jones outlined Labor's vision for financial advice and admitted to apprehension on life insurance.
BOQ sells insurance business
ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Bank of Queensland (BOQ) has entered into an agreement to sell its St Andrew's Insurance business to Farmcove Investment Holdings for $23 million.
ClearView pushes ahead with SFT
KARREN VERGARA  |  FRIDAY, 9 OCT 2020
The ASX-listed wealth and insurance company will complete the successor fund transfer of its risk-only superannuation products to HUB24, which is scheduled to take effect on October 31.
Insurers prepare for tragic COVID-19 fall-out
ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
Life insurer MetLife is preparing for an increase in mental health claims in the wake of COVID-19, with the insurer acknowledging the psychological toll of financial hardship.
Integrity Life raises $43m
KARREN VERGARA  |  FRIDAY, 2 OCT 2020
Institutional fund managers have pumped $43 million into life insurance startup Integrity Life to help it expand and build out its digital offering.
APRA resumes life insurance intervention
ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
APRA will resume its intervention into the life insurance market to stem ongoing heavy losses in individual disability income insurance.
CBA progresses with divestment to AIA
ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group.
Group risk inflows fall 15%
ALLY SELBY  |  MONDAY, 28 SEP 2020
New research from actuary Plan For Life has found that overall group risk premium inflows fell 15% over the 12 months to June, with fresh legislation to blame.
More clarity on life insurance best interest duty needed: Research
ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
An Actuaries Institute Taskforce has made sweeping recommendations for broad changes to Australia's retail disability income insurance market, including providing examples of Best Interest Duty in life insurance.
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