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Insurance

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.

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.