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Insurance

AIA hybrid program signs 1,000 advisers

ALEX BURKE  |  TUESDAY, 24 NOV 2015
Over 1,000 advisers have signed on to AIA Australia's transition to hybrid program.

MLC takes axe to life insurance premiums

DARREN SNYDER  |  MONDAY, 23 NOV 2015
MLC has announced it is cutting premiums for two life insurance products by up to 15% as part of a reinvigoration aimed solely at attracting new customers.

Banks to follow NAB's life insurance exit

ALEX BURKE  |  FRIDAY, 13 NOV 2015
More Australian banks will follow NAB's exit from manufacturing life insurance, according to Rice Warner chief executive Michael Rice.

MetLife reports 61pct global earnings slump

ALEX BURKE  |  THURSDAY, 12 NOV 2015
MetLife has announced its third quarter results, revealing a 61% decrease in operating earnings to US$705 million ($986 million).

MLC to vary premiums with fitness smartwatch

ALEX BURKE  |  TUESDAY, 10 NOV 2015
MLC will introduce a new initiative to track real-time customer fitness data and vary premiums accordingly.

TAL improves group member verification

ALEX BURKE  |  TUESDAY, 10 NOV 2015
TAL has improved the efficiency of its member identification and verification process.

Government releases final risk reforms package

ALEX BURKE  |  MONDAY, 9 NOV 2015
The Government has released the final life insurance reforms package.

Life insurers must address group risk schemes: APRA

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
The Australian Prudential Regulation Authority (APRA) believes an unexpected increase in the cost of insurance for superannuation fund members has come from life insurers not addressing underlying structural issues in group risk schemes.

Swiss Re to use artificial intelligence in underwriting

ALEX BURKE  |  TUESDAY, 3 NOV 2015
Swiss Re has announced it will partner with IBM to make use of its Watson artificial intelligence technology.

Sunsuper renews AIA mandate

ALEX BURKE  |  TUESDAY, 3 NOV 2015
Sunsuper has announced it will extend its partnership with AIA Australia to 2020.