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Insurance

Industry fund reduces insurance premiums

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
An industry super fund will reduce its insurance premiums by 6% and has pledged to lock the reductions until 2020.

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
The Financial Services Council rolled out its Life Insurance Code of Practice, along with a new set of standardised medical definitions, on July 1.

TAL intensifies mental health strategy

KARREN VERGARA  |  MONDAY, 3 JUL 2017
Life insurer TAL is expanding its mental health capabilities by creating a new executive role and partnering with an expert in the field.

AIA refreshes Vitality program

KARREN VERGARA  |  THURSDAY, 22 JUN 2017
AIA Australia has enhanced its life insurance offering with the launch of OneLife, aiming to help members achieve healthier lifestyles via its Vitality program.

MLC Life adapts to meet shifting expectations

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2017
The increasing importance of big data in the world of life insurance has seen MLC Life launch its new consumer-facing website, revealing the cornerstone of an ongoing digital transformation strategy.

The changing face of underwriting

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2017
Facial analytics may play a key role in calculating future life insurance premiums thanks to a North Carolina technology firm claiming its platform returns lifespan estimates more accurate than traditional methods.

Life consumers influenced by premium pricing

KARREN VERGARA  |  FRIDAY, 9 JUN 2017
An overwhelming majority (84%) of Australians purchase life insurance based on the cost of premiums, according to life insurer NobleOak.

Review life insurance ahead of super reforms: BT

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
With the end of financial year and 1 July superannuation reforms fast approaching, advisers shouldn't overlook the value of life insurance arrangements inside superannuation.

ASIC launches LIF instrument

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
ASIC launched a new instrument cementing the maximum amount of fees and ongoing commissions advisers can charge on life insurance products as part of industry-wide reforms.

AMP improves life insurance offering

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
Newly-launched improvements to AMP's life insurance offering are aiming to give advisers and customers greater flexibility and choice.