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Insurance

Life insurers fear genetic testing changes

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
Majority of life insurance companies fear the availability of genetic testing to consumers will be more disadvantageous and complex, and will have a negative impact on their business, a new survey shows.

Productivity Commission counters group insurance research

KARREN VERGARA  |  MONDAY, 29 OCT 2018
The Productivity Commission has taken a deeper dive into insurance inside superannuation and cast doubt into the sector's ability to help the Government alleviate social security payments.

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
Life insurance reforms proposed to provide better rehabilitation and early intervention treatment have been scrapped by the Federal Government.

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
AMP will exit life insurance in 2019, following a $3.3 billion sale of its wealth protection business. It will also divest its New Zealand wealth management and advice businesses via an IPO.

TAL slashes jobs, cuts outbound sales

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
At least 50 staff members at TAL have been made redundant as part of a wider move to scale back its direct life insurance business.

NobleOak wins best direct life insurer award

KARREN VERGARA  |  FRIDAY, 19 OCT 2018
Strategic Insight has recognised NobleOak as the best direct life insurer in 2018.

BTFG enhances life cover application process, waives fees

JAMIE WILLIAMSON  |  WEDNESDAY, 17 OCT 2018
BT Financial Group is making it easier for financial advisers and their clients to apply for life insurance.

MetLife scores group insurance mandate

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
MetLife has won a group insurance mandate from an $8.8 billion superannuation fund.

TAL refutes duty of good faith breaches

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims.

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission.