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Insurance

AFA calls out ISA on claims blame

ALEX BURKE  |  FRIDAY, 11 MAR 2016
Association of Financial Advisers chief executive Brad Fox has dismissed Industry Super Australia's calls to connect adviser remuneration with insurance claim decisions.

CommInsure portfolio exec leaves for MetLife

ALEX BURKE  |  THURSDAY, 10 MAR 2016
MetLife has hired a new executive manager group insurance from CommInsure.

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
Up to 2.4 million superannuation members could be impacted by the allegations which have rocked insurance company CommInsure, according to Rainmaker Information estimates.

FSC defends industry self-regulation

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
The FSC has said a life insurance code of conduct is "well underway" following the news that the issue will now be raised in the Senate's Scrutiny of Financial Advice inquiry.

Senate to investigate life industry

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
A Senate inquiry originally set to scrutinise Australia's financial advice industry has again deepened its investigations by adopting calls to examine the country's life insurance sector.

Narev apologetic in face of CommInsure allegations

MARK SMITH  |  MONDAY, 7 MAR 2016
Commonwealth Bank chief executive Ian Narev has issued a statement of apology in the face of fresh allegations of unethical conduct within the financial services giant, this time within its insurance arm.

Labor wants stronger LIF rules

ALEX BURKE  |  FRIDAY, 4 MAR 2016
Legislation based on the Life Insurance Framework doesn't go far enough according to Shadow Minister for Financial Services and Superannuation, Jim Chalmers.

Zurich buys Macquarie Life

MARK SMITH  |  FRIDAY, 4 MAR 2016
Macquarie Group has entered into an agreement to sell its Macquarie Life insurance business to Zurich Australia.

BT awarded Life Company of the Year

DARREN SNYDER  |  FRIDAY, 4 MAR 2016
BT Financial Group has been awarded 2015 Life Company of the Year at a ceremony hosted by Plan for Life and the Association of Financial Advisers in Sydney last night.

AIA profit boosted by Asian insurance demand

ALEX BURKE  |  FRIDAY, 26 FEB 2016
AIA has released its global interim 2016 results, showing an operating after-tax profit boost of 16% to US$3.2 billion ($4.4 billion).