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HESTA hikes default insurance cover
KANIKA SOOD  |  THURSDAY, 13 FEB 2020
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.
Calls for disability insurance reform
ELIZA BAVIN  |  MONDAY, 10 FEB 2020
The Actuaries Institute has called for urgent reform of Australia's $5 billion disability income insurance sector.
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.
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