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Insurance

Victoria abolishes stamp duty on life insurance

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
The states of Victoria and the ACT have abolished the stamp duty on life insurance products.

CommInsure launches tailored SMSF insurance product

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
CommInsure will launch a life insurance product tailored to members of self-managed superannuation funds (SMSFs) next week.

MetLife to make 32 appointments

LAURA MILLAN  |  THURSDAY, 1 MAY 2014
MetLife will open a Melbourne office, with plans to hire more than 30 new staffers across claims, product and pricing, client relationship and finance.

Research house launches direct ratings system

LAURA MILLAN  |  MONDAY, 28 APR 2014
Independent researcher Defaqto has launched a ratings system addressed at consumers who want to purchase financial products without going through an adviser.

AIA Australia launches daily risk information for planners

STAFF WRITER  |  WEDNESDAY, 16 APR 2014
Life insurer AIA Australia has launched a new administrative tool that will provide daily risk 'Datafeeds' for XPLAN to assist in the management of life insurance policies.

Premium increases boost life risk inflows 11.5%

LAURA MILLAN  |  WEDNESDAY, 16 APR 2014
Overall life insurance risk market inflows increased by 11.5% during 2013, following major retail and group insurers' decision to increase premiums rates to face the industry's challenges.

Industry fund claims experience worse than retail: PWC

LAURA MILLAN  |  FRIDAY, 4 APR 2014
The claims experience at industry superannuation funds has deteriorated in recent months and is now worse than in retail funds, PriceWaterhouseCoopers partner Barry Rafe said.

Insurance industry still behind on big data usage

LAURA MILLAN  |  THURSDAY, 3 APR 2014
The insurance industry is still behind when it comes to accessing and using customer data to predict consumer behaviour and design personalised products.

FSC awards life insurance companies

LAURA MILLAN  |  THURSDAY, 3 APR 2014
The Financial Services Council (FSC) has given out its 2014 Life Insurance Awards at a black tie event in Sydney.

Life insurers need more 'wise old heads': APRA

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
The life insurance industry needs more 'wise old heads' to provide an historical perspective and avoid falling into the same traps, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA).