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Insurance

TAL forms medical advisory board

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2018
Life insurer TAL has formed a specialist board to strengthen its in-house health and medical capabilities.

Life insurance inflows stable: Research

KARREN VERGARA  |  MONDAY, 8 JAN 2018
The life insurance market grew 2.4% to $16.2 billion in the year to September, latest statistics from Strategic Insight show.

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
The Financial Services Council finalised the standard for life insurance approved product lists.

Fee-for-service faces ultimate risk test

DARREN SNYDER  |  TUESDAY, 19 DEC 2017
Rollout of the Life Insurance Framework (LIF) on 1 January 2018 will be the strongest test of fee-for-service risk advice, a model seen as imperative to the financial advice industry's future.

Industry split on life insurance cover: Poll

KARREN VERGARA  |  MONDAY, 18 DEC 2017
Whether or not superannuation funds should stop charging life insurance cover after 13 months without contributions has divided the industry, Financial Standard's weekly survey results show.

Super life code released

KARREN VERGARA  |  MONDAY, 18 DEC 2017
The Insurance in Superannuation Working Group is urging superannuation trustees to sign up to its voluntary life insurance code of practice, which will come into effect 1 July 2018.

J.P. Morgan secures $3.5bn custody mandate

ALEX BURKE  |  WEDNESDAY, 13 DEC 2017
Cementing its position as Australia's largest provider of custodial services, J.P. Morgan has won a mandate to manage $3.5 billion in insurance investment assets following a competitive tender process.

Group insurance awareness encouraging: MetLife

KARREN VERGARA  |  TUESDAY, 12 DEC 2017
A new MetLife survey reveals almost 75% of working Australians are aware they have insurance within their superannuation and have actually reviewed it.

ANZ sells life insurance business for $2.85 billion

ALEX BURKE  |  TUESDAY, 12 DEC 2017
ANZ has sold its life insurance business for $2.85 billion in a move that will make the purchaser Australia's largest retail life insurer.

AIA announces two-year fee waiver

KARREN VERGARA  |  MONDAY, 4 DEC 2017
AIA Australia announced it is waiving fees on certain polices that can help improve lapse rates.