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Insurance

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.

Industry super fund adapts new life insurance model

DARREN SNYDER  |  FRIDAY, 1 DEC 2017
A $45 billion industry superannuation fund has undergone an insurance overhaul to bring its offering in line with major competitive shifts in the super system.

Life insurance M&A outlook gloomy: Report

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
Despite the flurry of life insurance business sell offs, a new study found global life insurers are overlooking Australia for superior acquisition opportunities elsewhere in the Asia Pacific.

Energy Super launches group insurance platform

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2017
Energy Super is rolling out MLC Life Insurance's new group insurance platform to give members greater control and access to life insurance needs.

Vision Super names new life insurer

KARREN VERGARA  |  TUESDAY, 21 NOV 2017
Vision Super is welcoming a new life insurance provider from 1 January 2018.

HESTA announces life insurance facelift

DARREN SNYDER  |  MONDAY, 20 NOV 2017
Industry superannuation fund HESTA is enhancing its life insurance offer, including a shift to age-based pricing that will be effective 1 March 2018.

Financial literacy the bridge for income protection gap

JAMIE WILLIAMSON  |  FRIDAY, 17 NOV 2017
Classroom-style financial education programs in the workplace and hands-on practice and counselling can play a significant role in closing the income protection gap.