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Insurance

Sunsuper overhauls TPD cover

DARREN SNYDER  |  TUESDAY, 26 APR 2016
Sunsuper has overhauled its total and permanent disability (TPD) insurance cover in a move that will see an average premium reduction of 15% for more than 90% of its one million members.

Challenger annuities march on

MARK SMITH  |  FRIDAY, 22 APR 2016
Challenger's annuity business has continued its charge with sales of $575 million in the quarter ending March 31.

Govt change could spell more severe LIF bill: FPA

KERRIE SYDEE  |  THURSDAY, 21 APR 2016
A change in government could impact the severity of the recently lapsed Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016, according to Financial Planning Association of Australia (FPA) chief executive officer Dante De Gori.

Commissions survive as life remuneration bill flatlines

ALEX BURKE  |  TUESDAY, 19 APR 2016
The Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 has lapsed due to prorogation, leaving the future of risk adviser remuneration unclear.

Life Insurance Risk Market inflows up 6.6%

KERRIE SYDEE  |  FRIDAY, 8 APR 2016
Overall life insurance risk market inflows continued to climb but at a slower rate in 2015, up 6.6% from $14.4bn to $15.4bn according to research from Plan for Life.

Berkshire-owned Gen Re to close Melbourne office

ALEX BURKE  |  MONDAY, 21 MAR 2016
Berkshire Hathaway Insurance's Gen Re will close its Melbourne office and several other operations as part of a global property and casualty business restructure.

New insurance industry guidance on its way

DARREN SNYDER  |  THURSDAY, 17 MAR 2016
Superannuation trustees will soon be able to access a document that provides all the information required to fully and better understand their fund's insurance business.

FSC announces life insurance award winners

ALEX BURKE  |  WEDNESDAY, 16 MAR 2016
The Financial Services Council has announced the winners of its 2016 Life Insurance Awards.

Risk sales were flat in 2015

ALEX BURKE  |  TUESDAY, 15 MAR 2016
Overall life/risk insurance product sales were flat throughout 2015, according to DEXX&R research.

CommInsure enhances claims process

ALEX BURKE  |  FRIDAY, 11 MAR 2016
In response to recent media coverage, CommInsure chair Geoff Austin has apologised to affected customers and said "the concerns raised in the recent cases reported are not a reflection of the values of our people or our business."