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Insurance

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.

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
Former minister for superannuation Nick Sherry has branded as "utterly unsustainable" the rule allowing Australian retirees to withdraw their superannuation as a lump sum.

FSC Conference: Follow the biopsychosocial model, life companies told

JAMES FERNYHOUGH  |  WEDNESDAY, 6 AUG 2014
The future of the life insurance industry depends on the deeper understanding and implementation of the biopsychosocial model, life company executives have heard.

MetLife refocuses on middle classes with direct distribution

ALEX DUNNIN  |  WEDNESDAY, 30 JUL 2014
Based on the way global insurers are increasingly looking to the direct market to boost sales in developed economies, the way insurance is distributed in Australia looks set for a shake-up.

AIA hybrid commission strategy pays off

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
AIA Australia's initiative to reward advisers who move to a hybrid commission model has seen 829 advisers shifting to the new system in the past five months.

AIA reports 23% growth in new business

LAURA MILLAN  |  MONDAY, 28 JUL 2014
AIA Group has reported a growth of 23% in the value of new business for the six months to May 31, 2014.

Employee rehabilitation key to reduce claims costs: AIA

LAURA MILLAN  |  WEDNESDAY, 23 JUL 2014
Rehabilitation for employees and early intervention could be the key drivers in reducing the claims costs experienced by superannuation funds, employers and employees in what remains a challenging life insurance market, according to insurer AIA Australia.