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Insurance

FEATURE: Risk at risk

JAMES FERNYHOUGH, LAURA MILLAN  |  FRIDAY, 7 NOV 2014
In the wake of the group insurance crisis, super funds are one-by-one renegotiating their contracts with their life insurers. As a result, premiums are rising significantly, in many cases bringing them in line with retail premiums. This is causing some ...

AIA signs life insurance deal with RAC

STAFF WRITER  |  WEDNESDAY, 5 NOV 2014
AIA Australia has signed a four-year deal with RAC to offer life insurance cover to its 800,000 members.

MetLife partnership extend group insurance to SMEs

MARK SMITH  |  MONDAY, 3 NOV 2014
MetLife Insurance will partner Steadfast, the largest network of general insurance brokers in Australasia, to extend MetLife's group life cover to Australian small to medium-sized enterprises (SMEs).

APRA releases group insurance best practice guide

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
The Australian Prudential Regulation Authority (APRA) has released the final prudential practice guidelines providing guidance on good practices for insurers in relation to group insurance arrangements.

Mercer unveils longevity insurance product

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
Mercer has unveiled its much-anticipated longevity insurance solution, which it has called a 'world-first' and a 'retirement game changer'.

Suncorp completes insurance review after breaches

JAMES FERNYHOUGH  |  WEDNESDAY, 29 OCT 2014
Suncorp has finalised an independent review and remediation of compliance systems across its life and general insurance businesses.

Industry needs unified solution to insurance "failure": ASIC

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
Insurers and financial advisers must stop pointing fingers and create a unified response to address insurance sector failures, the Australian Securities and Investments Commissions (ASIC) deputy chair Peter Kell said.

Group insurance consortiums 'inevitable': MetLife

JAMES FERNYHOUGH  |  THURSDAY, 23 OCT 2014
Group insurers must form consortiums if they want to continue to provide group cover to the growing 'mega-funds', according to MetLife head of distribution Michael Goodall.

AustSuper premium hike sees surprise member response

JAMES FERNYHOUGH  |  WEDNESDAY, 22 OCT 2014
AustralianSuper's decision to significantly increase life premiums has had the surprise effect of triggering more members to dial up their cover.

Countplus business acquires advice practices

LAURA MILLAN  |  FRIDAY, 17 OCT 2014
Countplus financial planning group subsidiary Total Financial Solutions (TFS) has added two advice practices to its network and acquired a 49% interest in a third firm.