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Insurance

Insurers worried about striking balance between claims and price

STAFF WRITER  |  TUESDAY, 30 SEP 2014
Life insurers think balancing rising claims with sustainable premiums for members is the greatest challenge that the sector is facing at the moment, an AIA Australia survey has found.

Super funds launch mental-illness claims benchmark

JAMES FERNYHOUGH  |  WEDNESDAY, 24 SEP 2014
Industry fund-sponsored organisation SuperFriend has today released detailed quantitative research on mental illness-related claims through group insurance, a project it has called the Super Mental Illness National Data (SuperMIND) Project.

CommInsure offers alternative to group insurance

JAMES FERNYHOUGH  |  FRIDAY, 19 SEP 2014
Customers of Comminsure Total Care Plan Super insurance can now pay their premiums through their superannuation fund, giving superannuants an alternative to the group cover offered by their super fund.

Young Australians clueless about life insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 17 SEP 2014
One in five younger Australians knows nothing about his or her life insurance through superannuation, a new report commissioned by the Association of Superannuation Funds of Australia (ASFA) has found.

IOOF embeds insurance panel to platform

LAURA MILLAN  |  MONDAY, 15 SEP 2014
The IOOF Pursuit platform has launched a panel of retail insurers that advisers can choose from when looking for tailored offerings for their clients.

Strong rise in risk market inflows

MARK SMITH  |  MONDAY, 8 SEP 2014
Inflows to the total risk market grew 11.4% from $11.8 billion to $13.2 billion in the 12 months to 30 June, newly published data from Plan For Life shows.

NAB launches online direct insurance product

STAFF WRITER  |  FRIDAY, 5 SEP 2014
National Australia Bank (NAB) has launched a life insurance product that consumers can apply for online.

Advisers use more insurers, but main provider still key: research

LAURA MILLAN  |  MONDAY, 1 SEP 2014
Advisers have expanded the number of insurers they use, but being an adviser's main insurance provider remains essential, new research by Investment Trends shows.

AIA Vitality available on platforms

STAFF WRITER  |  MONDAY, 25 AUG 2014
AIA Vitality program is available with Priority Protection from Platform Investors (PPPI) policies on several platforms.

Simplify your products, life insurers told

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
The struggling life insurance industry should focus on developing simpler products if it wants to avoid a repeat of its recent woes, according to Australian Prudential Regulation Authority (APRA) member Ian Laughlin.