|Latest life insurance claim data from APRA and ASIC found group and adviser distributed cover to experience higher claim submission rates.|
|A $9 billion industry superannuation fund will become the second fund to roll out MLC Life's digital portal for members.|
|Commonwealth Bank has offloaded its stake in a Chinese life insurance joint venture for $668 million.|
|Australian insurtechs are more of a complementary addition to the existing insurance value chain than disruptors, according to a new study by Ernst & Young.|
|The life insurer will extend its Best Doctors offering to allow customers access to a mental health service designed to provide a second medical opinion for diagnosis and treatment plans.|
|ANZ Wealth is making inroads with its newly launched mental health initiatives, including innovative and preventative programs aiming for the life insurer to play a more active role in the space.|
|ANZ's first paycheck from the December sale of its life insurance arm to Zurich has arrived and the bank is considering buying back up to $1.5 billion in shares, on top of its current buyback program.|
|An overwhelming number of people who work in life insurance believe the industry needs government backing so it can properly regulate.|
|Freedom Insurance Group (FIG) announced it will acquire a bank's insurance arm for $65 million.|
|ANZ Wealth's new artificial intelligence-powered underwriting capability has completed a successful test phase with a group of tradespeople.|
An advice licensee owned by HUB24 hired from BT Financial Group to fill a newly-created general manager role.
Futuro Financial Services has ended its partnership with AMP after seven years, becoming 100% privately-owned again.
Escala Partners is set to be acquired by a US-based wealth manager looking to expand its international footprint.
No RBA, growth in wages have remained stagnant - and that's just for the lucky few. The unlucky ones have, in effect, seen their incomes eroded by inflation (thank goodness prices haven't increased by much).
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|