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Insurance

Life insurers complacent on Big Data

ALEX BURKE  |  MONDAY, 19 DEC 2016
The lack of urgency displayed by life insurers in relation to adopting Big Data is unsustainable, a new report suggests.

Individual risk sales flat for three years

ALEX BURKE  |  FRIDAY, 9 DEC 2016
Growth in life insurers' individual risk business was "virtually static" in the three years to 30 June 2016, research reveals.

Group insurance critical: FSC

KERRIE SYDEE  |  THURSDAY, 8 DEC 2016
Insurance within superannuation is critical to curbing Australia's underinsurance problem, with group insurance giving more than nine out of 10 working Australians cover they wouldn't necessarily otherwise have.

CommInsure loses $4.5bn fund partner

ALEX BURKE  |  MONDAY, 5 DEC 2016
CommInsure has lost another insurance contract, this time with a $4.5 billion industry superannuation fund.

Life insurance legacy faces more scrutiny

DARREN SNYDER  |  THURSDAY, 1 DEC 2016
Australia's life insurance regulator is renewing calls to rationalise legacy products that have plagued the industry with poor consumer outcomes and operational complexities.

CommInsure sees adviser revamp

ALEX BURKE  |  THURSDAY, 1 DEC 2016
CommInsure has consulted with advisers nationwide to improve its product offering.

Life insurance satisfaction declines

KERRIE SYDEE  |  FRIDAY, 18 NOV 2016
New Roy Morgan research shows the satisfaction of life and risk insurance policy holders has dropped 1.8% to 67.5% in the past year.

Life insurance revenues down

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2016
The total assets held by life insurers has dropped 23.2% over the past twelve months, as demonstrated by APRA's latest life insurance performance statistics.

Insurers to battle big data privacy concerns

ALEX BURKE  |  TUESDAY, 15 NOV 2016
While big data presents a boon for insurers doing customer risk analysis, the benefits will have to be weighed against ongoing user privacy and discrimination issues.

Industry backs mental health education campaign PROP

MICHELLE BALTAZAR  |  FRIDAY, 4 NOV 2016
The financial services industry is lending its support to a new mental health education campaign called 'People Reaching Out to People' (PROP).