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Insurance

Centuria partners with Mason Stevens to deliver credit bond

ALEX BURKE  |  THURSDAY, 29 JAN 2015
Centuria Life has partnered with Mason Stevens to add a bespoke credit bond to its Tax Astute product suite.

Separate risk advisers from other planners: Synchron

LAURA MILLAN  |  THURSDAY, 29 JAN 2015
A life insurance policy has more in common with car insurance policies than with an investment portfolio and therefore risk advisers should be kept separate from other financial planners, Synchron director Don Trapnell argued.

Dai-ichi Life expands US, Asia Pacific presence

ALEX BURKE  |  TUESDAY, 27 JAN 2015
Dai-ichi Life, Japanese parent company of Australian life insurer TAL, is expanding its operations in the US and Asia Pacific regions.

Surging group premiums push insurer inflows up 12.9 pct

ALEX DUNNIN  |  WEDNESDAY, 14 JAN 2015
Life insurance premiums jumped 12.9% during 2014 driven by group business, which has surged by 24%.

Adviser remuneration "critical": Trowbridge Interim Report

ALICE URIBE  |  THURSDAY, 18 DEC 2014
The quality of advice and the remuneration of adviser incentives were raised as "critical" areas in the interim report of the Life Insurance and Advice Working Group (LIAWG) established by the Association of Financial Advisers (AFA) and the Financial ...

AIA and Nest launch accelerator program

HARRY PAGE  |  THURSDAY, 11 DEC 2014
AIA Group Limited has announced the launch of a 12-week accelerator program to support innovative businesses and entrepreneurs.

Life company profits flat

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
Revenue and profits for the 12 months to June 2014 have remained flat for life insurance companies, according to the latest statistics released by the Australian Prudential Regulation Authority (APRA).

Hastings partners with Japanese bank

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
Hastings Funds Management has partnered with the largest trust bank in Japan, Sumitomo Mitsui Trust Bank (SuMi Trust), to invest in infrastructure debt opportunities in Europe.

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
Australian financial institutions looking for ways to creatively counter regulatory overreach should look to MetLife in the US that has set up a website called The Regulation Resource Centre to enlist the help of stakeholders and facilitate positive ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices.