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Insurance

Energy Super selects group insurer

MARK SMITH  |  MONDAY, 5 SEP 2016
$5.9 billion industry fund Energy Super has chosen who will provide its group salary continuance insurance.

Mark Dunsford attacks FSC over life reforms

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
Financial Services Council chief executive Sally Loane has fired back at Life Insurance Customer Group member Mark Dunsford who claims the reforms contained in the Life Insurance Framework are designed purely to benefit life companies and banks.

Insurers face significant asset risk charges from downgrade

KERRIE SYDEE  |  TUESDAY, 30 AUG 2016
Life and general insurers face the risk of higher asset charges if a sovereign downgrade occurs, according to senior portfolio manager- fixed income at Nikko Asset Management, Darren Langer.

MySuper insurance widely misunderstood

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2016
A lack of understanding around aspects of insurance within MySuper could lead to big problems down the track, according to a panel discussion at the recent Workplace Super Specialists Australia (WSSA) annual conference.

Flat markets impact IAG profit

KERRIE SYDEE  |  FRIDAY, 19 AUG 2016
IAG has reported a 14.1% fall in profit as the insurer juggles the impact of lower returns and adverse weather events.

Life revenue drops, profit increases

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
Life insurers recorded a net profit after tax of $2.9 billion last financial year, up 5.7% on the previous 12 months and despite a 36.1% drop in total revenue.

Suncorp boss in hot water over climate change

ALEX BURKE  |  WEDNESDAY, 17 AUG 2016
Suncorp chief executive Michael Cameron has faced criticism over his stance on climate change in light of the company's 2016 annual review.

Industry fund inks MetLife mandate

DARREN SNYDER  |  TUESDAY, 16 AUG 2016
An industry superannuation fund is ending its partnership with CommInsure after more than a decade, moving its group insurance to MetLife in the New Year.

Zurich establishes risk specialist team

KERRIE SYDEE  |  MONDAY, 8 AUG 2016
Zurich Financial Services Australia has created a new risk specialist team in anticipation of Macquarie Life joining Zurich later in 2016.

Australians overconfident when it comes to income risk

KERRIE SYDEE  |  FRIDAY, 5 AUG 2016
New research from Zurich reveals that nearly half of Australians (47%) believe they have a less than 10% chance of lost earnings due to disability or illness.