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Insurance

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).

Individual cover through super, key to insurance recovery

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
The real opportunity for the insurance industry lies in encouraging consumers to enhance their default life risk cover within their superannuation, MetLife and Financial Services Council (FSC) research has concluded.

FEATURE: Facing the perfect storm

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
Australia's life insurance sector has experienced an increase in claims and policy lapses in the last few years. The confluence of factors pressuring the group and retail insurance market has created a perfect storm that has seen insurers' profits plummet.

International capital requirements could cripple insurers

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
The Global Federation of Insurance Associations (GFIA) has rejected the G20 proposal that top insurers hold more capital from 2019 to cover potential to the financial system.

TAL takes over from AMP as biggest life insurer

JAMES FERNYHOUGH  |  THURSDAY, 20 MAR 2014
TAL has taken over from AMP/AXA as Australia's biggest life insurer after years of market dominance by the latter, research by DEXX&R has shown.

AustralianSuper insurance premiums to rise by 35%

LAURA MILLAN  |  FRIDAY, 14 MAR 2014
AustralianSuper will substantially increase its death and total and permanent disability (TPD) insurance premiums due to rising policy costs.

CommInsure wins AFA/PFL Life Company of the Year

LAURA MILLAN  |  THURSDAY, 13 MAR 2014
CommInsure has won the AFA / PFL Life Insurance Company of the Year Platinum award, as well as the Investment Bond award.