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Insurance

The rise and impact of insurtech

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2017
Legacy systems and antiquated business models of the global insurance industry are beginning to see significant disruption, prompting traditional insurers to up their game to get ahead of the curve and presenting prime opportunities for collaboration.

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
Group insurers not doing enough to prevent the growing problem of employees owning multiple superannuation funds and life insurance premiums is equivalent to theft, according to today's life insurance parliamentary inquiry.

Freedom Insurance sells stake in NobleOak

EMMA RAPAPORT  |  FRIDAY, 8 SEP 2017
Life insurance distributor Freedom Insurance Group is selling a stake in its issuer NobleOak Life after finalising a $7 million sale of its non-core investment in the company.

Tower lodges cross appeal to NZ High Court

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2017
After having a proposed takeover by Suncorp subsidiary Vero Insurance declined by New Zealand regulators, Tower has lodged a cross appeal against the decision.

Group insurance premium arrangements unclear: ISWG

KARREN VERGARA  |  MONDAY, 4 SEP 2017
The lack of understanding and poor transparency around premium adjustment mechanisms have emerged as major concerns in the latest Insurance in Superannuation Working Group discussion paper.

MLC Life names chief underwriter, expands medical service

KARREN VERGARA  |  MONDAY, 28 AUG 2017
MLC Life Insurance appointed a new chief underwriter at a time when the firm and the industry are experiencing significant levels of growth and transformation.

ANZ revamps life insurance offering

KARREN VERGARA  |  FRIDAY, 25 AUG 2017
ANZ's OneCare is enhancing its insurance offering with the introduction of a tiered benefit structure and by helping customers return to work quicker.

Freedom Insurance flags acquisition

KARREN VERGARA  |  THURSDAY, 24 AUG 2017
On the back of reporting strong FY17 results, Freedom Insurance Group announced it is looking to strengthen its position in the life insurance market by expanding into new products and potential acquisitions.

AIA pilots door-to-door claims program

DARREN SNYDER  |  TUESDAY, 22 AUG 2017
Life insurer AIA Australia is piloting a claims program that provides free door-to-door support in the face of significant health events.

Complex operations leaving life customers confused

KARREN VERGARA  |  FRIDAY, 18 AUG 2017
Operational complexities are holding life companies back from improving and modernising the life insurance industry, and leaving customers very confused as to exactly what they are insured for, a public hearing found.