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Insurance

Direct insurance taints consumer views on life insurance

LAURA MILLAN  |  TUESDAY, 4 FEB 2014
Bad experiences with direct life insurance companies are tainting consumers' views of life insurance in general, according to Synchron director John Prossor.

Risk Premium inflows up 9.6% in 2013

MARK SMITH  |  FRIDAY, 24 JAN 2014
Risk Premium inflows increased 9.6% year on year in the 12 months to 31 December, according to the latest figures from Plan For Life.

Aon creates new financial division

LAURA MILLAN  |  THURSDAY, 23 JAN 2014
Aon Risk Solutions has integrated its four existing financial businesses into an expanded segment called Financial Specialties.

APRA issues warning on group risk

ALEX DUNNIN  |  MONDAY, 13 JAN 2014
Insurance regulator the Australian Prudential Regulation Authority (APRA) has issued a warning that while the overall life insurance is in reasonable financial shape, sustained pressure on the group risk sector is becoming a strategic threat that insurers ...

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.