Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Insurance

Risk adviser sentiment up in 2013

LAURA MILLAN  |  THURSDAY, 12 DEC 2013
Risk advisers are feeling more positive than in the last two years about the viability of their practice after sales volumes went up in 2013, according to the latest Zurich Risk Adviser Sentiment Index.

APRA issues draft group insurance PPG

ALEX DUNNIN  |  TUESDAY, 10 DEC 2013
APRA has written to life insurance chief executives announcing a new draft Prudential Practice Guide (PPG) for how they should handle operational and business issues and risks surrounding group insurance sold to super funds.

Rice Warner warns of massive TPD underinsurance

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
Underinsurance in life, income protection and total and permanent disability (TPD) cover is costing the government more than $1.5 billion a year, according to a new report by Rice Warner.

AIA hoping to increase engagement through fitness

LAURA MILLAN  |  WEDNESDAY, 27 NOV 2013
AIA Australia is hoping to increase Australians' engagement with the insurance industry through fitness and has started a pilot program that will fully launch in early 2014.

AustSuper denies member exploitation of group insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 27 NOV 2013
AustralianSuper chief executive Ian Silk has denied that 'automatic acceptance' to the fund's group life insurance offering is being exploited.

AIA adds Priority Protection range to three platforms

HARRY PAGE  |  THURSDAY, 21 NOV 2013
AIA has made its Priority Protection range of products available on the PowerWrap, WealthView and PortfolioCare adviser platforms.

Group insurance faces 'perfect storm'

JAMES FERNYHOUGH  |  THURSDAY, 21 NOV 2013
The current travails of the group insurance market may be just the beginning, with a "major blow-up" potentially around the corner, according to WA Super's general manager, client services, Paul Owen.

Insurance profit falls 25% in 2013

LAURA MILLAN  |  WEDNESDAY, 20 NOV 2013
Insurance companies' results for the twelve months to September 30, 2013, reflect the struggle that the industry is going through at the moment, with a 26.5% fall in net profit after tax in the last 12 months.

MLC named as insurer for Qantas's MySuper product

JAMES FERNYHOUGH  |  TUESDAY, 19 NOV 2013
Corporate super fund Qantas Super has appointed MLC as its group insurer following a "comprehensive review of the fund's insurance arrangements".

TAL's profits take a beating

JAMES FERNYHOUGH  |  MONDAY, 18 NOV 2013
Life insurer TAL's profits have fallen by almost 60% since last year, according to second quarter figures released by TAL's Japanese parent company Dai-ichi Life.