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Insurance

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."

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.