Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Insurance

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.

MLC offers insurance rollover to external funds

ALEX BURKE  |  MONDAY, 2 NOV 2015
MLC will introduce an insurance rollover offer to external superannuation funds.

Westpac to refund unwanted insurance

ALEX BURKE  |  THURSDAY, 29 OCT 2015
Westpac will refund premiums paid for insurance customers did not need following an ASIC review.

Zurich cleans up at Plan For Life awards

ALEX BURKE  |  THURSDAY, 29 OCT 2015
Zurich has won in three categories at Plan For Life's 2015 Direct Life Insurance awards.

MLC insurance sale to cost NAB $1.5bn

LAURA MILLAN  |  THURSDAY, 29 OCT 2015
National Australia Bank (NAB) has agreed to sell 80% of MLC's insurance business for $2.4 billion, but it estimates it will lose over $1.5 billion in the transaction.

NAB sells insurance business to Nippon Life

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
National Australia Bank (NAB) has sold 80% of its MLC life insurance business to Japanese insurer Nippon Life for $2.4 billion.

Standing up for risk advisers

ALEX GAMBOTTO-BURKE  |  MONDAY, 26 OCT 2015
The Association of Financial Advisers remained a part of the Life Insurance Framework discussions to avoid a "lottery" in the Senate, according to chief executive Brad Fox.