AMP divests life business
DARREN SNYDER  |  THURSDAY, 25 OCT 2018
AMP will exit life insurance in 2019, following a $3.3 billion sale of its wealth protection business. It will also divest its New Zealand wealth management and advice businesses via an IPO.
TAL slashes jobs, cuts outbound sales
JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
At least 50 staff members at TAL have been made redundant as part of a wider move to scale back its direct life insurance business.
NobleOak wins best direct life insurer award
KARREN VERGARA  |  FRIDAY, 19 OCT 2018
Strategic Insight has recognised NobleOak as the best direct life insurer in 2018.
BTFG enhances life cover application process, waives fees
JAMIE WILLIAMSON  |  WEDNESDAY, 17 OCT 2018
BT Financial Group is making it easier for financial advisers and their clients to apply for life insurance.
MetLife scores group insurance mandate
KARREN VERGARA  |  TUESDAY, 9 OCT 2018
MetLife has won a group insurance mandate from an $8.8 billion superannuation fund.
TAL refutes duty of good faith breaches
HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims.
AMP defends charging dead clients
HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission.
Freedom drops chief, slashes workforce
KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
The chief executive of Freedom Insurance Group has left the company effective immediately and more than half of its workforce is being made redundant.
Insurance shake-up puts clients first
KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost.
Zurich helps advisers quantify cost of care
KARREN VERGARA  |  MONDAY, 1 OCT 2018
Latest research from Zurich is helping financial advisers quantify the cost of healthcare when providing insurance advice.
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