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Insurance

Industry fund reduces insurance premiums

KARREN VERGARA  |  THURSDAY, 3 AUG 2017
An industry super fund with $2.1 billion in assets under management is reducing its premiums on its income protection policy.

Technology and mergers threaten insurers

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2017
One-in-two insurers are experiencing a 'sink-or-swim mentality' in an industry undergoing rapid technological changes and facing the competitive threat of up-and-coming insurtechs.

AIA grows health insurance offering

KARREN VERGARA  |  TUESDAY, 1 AUG 2017
AIA is expanding its Vitality health insurance offering with the launch of a new brand.

Effective data management key to engagement: ISWG

EMMA RAPAPORT  |  FRIDAY, 28 JUL 2017
The Insurance in Superannuation Working Group is seeking to enhance member insurance outcomes by improving access to timely and relevant information.

Direct life insurance review underway: ASIC

KARREN VERGARA  |  FRIDAY, 28 JUL 2017
A major review investigating why some consumers are worse off from purchasing life insurance via direct channels is underway.

Suncorp Tower takeover denied by competition watchdog

EMMA RAPAPORT  |  THURSDAY, 27 JUL 2017
Fears that "substantially lessened" competition in New Zealand's personal insurance market would result from Suncorp's takeover of Tower has led to the New Zealand Commerce Commission denying the proposed merger.

Insurtech is coming and could make insurance obsolete: PwC

EMMA RAPAPORT  |  WEDNESDAY, 26 JUL 2017
The sheer breadth of technological change in the insurance industry is "dazzling" and will make the industry unrecognisable in years to come, a PwC expert said.

MLC Life launches group insurance platform

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2017
MLC Life Insurance is positioning itself to directly challenge Australia's established group insurers, unveiling a group insurance digital platform for superannuation fund trustees, administrators and members.

ANZ Wealth enhances life insurance process

KARREN VERGARA  |  MONDAY, 17 JUL 2017
ANZ Wealth launched a life insurance pre-assessment tool that reduces the application waiting time by up to 48 hours.

Bravura inks deal with $4.7bn insurer

ALEX BURKE  |  THURSDAY, 13 JUL 2017
Bravura Solutions' global expansion plans have been given an upgrade with a mandate from one of the UK's largest mutual life insurers.