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Insurance

Industry fund advice on the rise

ALEX BURKE  |  MONDAY, 10 AUG 2015
Advice services in the not-for-profit super fund sector are expected to grow by 43% over the next four years, research by Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) suggests.

Most life insurance consumers open to genetic testing

ALEX BURKE  |  FRIDAY, 7 AUG 2015
A majority of consumers would accept genetic testing for detecting life-threatening conditions as part of their risk assessments for life insurance, research found.

Cbus moves insurance to TAL

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
Industry superannuation fund Cbus will move its group life insurance to TAL Life in November, ending its previous partnership with Hannover Life Re of Australasia.

Suncorp Life super channel leads profit growth

ALEX BURKE  |  WEDNESDAY, 5 AUG 2015
Suncorp has posted the full-year results for its life division, with its superannuation channel seeing the biggest in-force growth: 23.4% on the previous 12 months to $496 million.

NZ looks to Trowbridge for life reforms

ALEX BURKE  |  TUESDAY, 28 JUL 2015
New Zealand's Financial Services Council (FSC) has commissioned a report on life insurance advice, with Life Insurance and Advice Working Group chair John Trowbridge selected as an adviser for the project.

Singapore looks to Australia on risk reforms

ALEX BURKE  |  THURSDAY, 23 JUL 2015
The Monetary Authority of Singapore (MAS) has implemented key risk/life insurance advice reforms that were inspired by similar policies in Australia, the Netherlands and the UK.

Insurance advisers focusing on client segmentation

ALEX BURKE  |  WEDNESDAY, 22 JUL 2015
Clients seeking insurance advice can be segmented into three broad categories and advised accordingly, according to research by AIA Australia and the Beddoes Institute.

AFA tweaking life insurance framework

ALEX BURKE  |  TUESDAY, 21 JUL 2015
The Association of Financial Advisers is refining aspects of the Life Insurance Framework developed jointly with the Financial Planning Association of Australia (FPA) and Financial Services Council (FSC).

Findex life insurance goes commission-free

ALEX BURKE  |  MONDAY, 20 JUL 2015
Findex's Centric Wealth and Financial Index Wealth Accountants divisions will now only recommend commission-free life insurance policies.

AIA sees $1.9bn premium growth

DARREN SNYDER  |  FRIDAY, 17 JUL 2015
AIA recorded the highest percentage growth among Australia's life insurance risk premium inflows during the 12 months to March 2015 according to Plan for Life data.