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Insurance

Risk sales plunge in 2015

ALEX BURKE  |  WEDNESDAY, 13 JAN 2016
Annual sales in the risk market dropped by 23.7% in the year to September 2015, according to Plan for Life research.

Prime Super awards insurance mandate to CommInsure

MARK SMITH  |  TUESDAY, 12 JAN 2016
Prime Super has appointed CommInsure as its new group insurer following a competitive tender process.

ASIC consults on LIF powers

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
Financial advisers and the life insurance industry are being asked to consult the Australian Securities and Investments Commission (ASIC) over plans that would give the regulator power to set a maximum level of upfront and ongoing commission payments ...

Nippon Life says MLC will bolster falling profits

ALEX BURKE  |  MONDAY, 14 DEC 2015
Japanese life insurer Nippon Life has reported an 8% drop in ordinary profit to $2.9 billion in the six months to September 30, 2015.

Advice beats direct insurance for Aussie consumers

ALEX BURKE  |  MONDAY, 14 DEC 2015
The majority of Australian consumers prefer to purchase insurance policies through financial advisers rather than directly.

iSelect nixes Providence takeover bid

ALEX BURKE  |  MONDAY, 14 DEC 2015
Life insurance broker iSelect has announced that buyout discussions with Providence Equity Partners will now cease.

Zurich exits Singapore life insurance

ALEX BURKE  |  MONDAY, 7 DEC 2015
Zurich will no longer accept new life insurance policy applications in Singapore.

Individual risk income premiums top $2.4bn

DARREN SNYDER  |  FRIDAY, 4 DEC 2015
Individual risk income premium inflows increased 5.5% to more than $2.4 billion in the year to September 2015 according to the latest Plan For Life data.

Zurich CEO steps down, hunt begins

ALEX BURKE  |  FRIDAY, 4 DEC 2015
Zurich's global chief executive has announced his departure after six years in the role.

TAL Direct business penalised for advertising

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
TAL Direct's InsuranceLine business has been fined by ASIC for false or misleading advertising.