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Insurance

FSC supports longer threshold for unclaimed life insurance

ALEX BURKE  |  THURSDAY, 19 MAR 2015
Financial Services Council chief executive Sally Loane has applauded the Treasury's decision to extend the unclaimed life insurance threshold back to seven years.

AFA and PFL award Australia's top insurers

LAURA MILLAN  |  THURSDAY, 12 MAR 2015
The Association of Financial Advisers (AFA) and Plan For Life (PFL) recognised Australia's top insurers and life risk products at a black tie event in Sydney last night.

APRA deputy chair criticises life insurance sales culture

ALEX BURKE  |  WEDNESDAY, 11 MAR 2015
Sales culture in the life insurance industry is undermining standards of good practice, according to APRA deputy chair Ian Laughlin.

European insurers attract dividend seekers

ALEX DUNNIN  |  WEDNESDAY, 4 MAR 2015
Low European interest rates pushing investors to find higher yielding stocks is encouraging them to reconsider the insurance sector.

YBR boosts revenue by 288%

ALEX BURKE  |  TUESDAY, 3 MAR 2015
Yellow Brick Road Wealth Management (YBR) has increased its revenue by 288% to $59.2 million in the half-year to 31 December 2014.

AIA profit up 16% in 2014

LAURA MILLAN  |  FRIDAY, 27 FEB 2015
AIA operating profit after tax was up 16% to US$2.91 billion for the year ended 30 November 2014.

ClearView calls for life insurance industry crackdown

ALEX BURKE  |  TUESDAY, 24 FEB 2015
ClearView Wealth Limited has petitioned Life Insurance and Advice Working Group (LIAWG) chairman John Trowbridge to fix numerous conflicts of interest within the industry.

Suncorp Life appoints distribution GM

LAURA MILLAN  |  MONDAY, 23 FEB 2015
Suncorp Life has appointed an executive general manager of distribution to face the challenging conditions of the life insurance industry.

Insurers grow market share at cost of profits

ALEX BURKE  |  FRIDAY, 20 FEB 2015
The market share consolidation of Australia's four biggest wholesale insurers (TAL, AIA Australia, CommInsure and Metlife) is offset by declining profits in the long-term, according to Rice Warner's Wholesale Risk Insurance Report.

Challenger retail annuity sales up 8%, profit down

LAURA MILLAN  |  TUESDAY, 17 FEB 2015
Challenger annuity sales were up 8% during the first half of the 2014-2015 financial year, but net profit after tax was down, the half year report showed.