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Insurance

Risk inflows up despite tightening margins

ALEX BURKE  |  MONDAY, 1 JUN 2015
Total risk market inflows are up 9.5% to $14.5 billion in the year to March 2015.

Asteron discusses alternative commission structure

DARREN SNYDER  |  FRIDAY, 29 MAY 2015
The latest in a gamut of life insurers to adopt, or at least consider, hybrid commission structures comes from Suncorp-owned Asteron Life.

Super life insurance misconceptions addressed

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
The sale of life insurance through superannuation funds has extended both sectors' reach yet the extra exposure is sending mixed messages to current and potential customers.

TAL sees growth in profits and payouts

ALEX BURKE  |  WEDNESDAY, 20 MAY 2015
Financial results from TAL's Japanese parent, Dai-Ichi Life, reveal Australia's biggest life insurer has seen a 12% rise in underlying profit to $146.6 million in the year ended 31 March 2015.

AIA launches business life insurance benefit

DARREN SNYDER  |  TUESDAY, 19 MAY 2015
Business owners are able to increase their life insurance without providing evidence of health via a new product recently launched by AIA Australia.

Life insurer premiums up amid group policy concerns

ALEX BURKE  |  TUESDAY, 19 MAY 2015
APRA has issued the Quarterly Life Insurance Performance Statistics report for the March 2015 quarter, showing net life insurer premiums are at $61.8 billion for the year to 31 March 2015, up from $50 billion in the previous year.

Fortnum drops upfront risk commissions

ALEX BURKE  |  MONDAY, 18 MAY 2015
Following Centrepoint Alliance and AMP adopting hybrid and level commission structures, independent dealer group Fortnum has dropped upfront risk insurance commissions to "ward off further legislative attack".

AustralianSuper narrows income protection definition

STAFF WRITER  |  THURSDAY, 7 MAY 2015
AustralanSuper has made changes to its insurance, including cutting the cost of death cover and some income protection cover and changing definitions that apply to income protection.

Insurance drives ANZ wealth performance

AAP  |  TUESDAY, 5 MAY 2015
ANZ Global Wealth profit increased 11% for the six months to May 2015, with its insurance business leading the way.

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
Australia's main financial planning associations have revealed their views on the risk advice remuneration models that the industry should adopt following the release of the Trowbridge report.