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Insurance

Xero inking partnership for real-time PI insurance

ALEX BURKE  |  THURSDAY, 13 AUG 2015
Cloud-based accounting software company Xero is in talks with an insurer to provide data feeds to facilitate real-time professional indemnity insurance cover.

Difficult year for insurance income: CBA

DARREN SNYDER  |  THURSDAY, 13 AUG 2015
Commonwealth Bank chief executive Ian Narev said it had been a difficult year for life insurance income and more work needs to be done to make its product attractive.

Westpac insurance adviser gets permanent ban

LAURA MILLAN  |  THURSDAY, 13 AUG 2015
A Westpac financial planner has been permanently banned for submitting false insurance policy proposals to the bank to obtain benefits for himself.

Australians seeing Centrelink as "life insurance substitute"

ALEX BURKE  |  MONDAY, 10 AUG 2015
Too many Australians don't understand the purpose of life insurance and see the National Disability Insurance Scheme and Centrelink as effective substitutes, suggests research commissioned by Zurich and the Financial Planning Association of Australia ...

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.