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Insurance

Claims surge forces insurer to increase pricing

LAURA MILLAN  |  FRIDAY, 15 NOV 2013
The surge in claims has forced specialist insurer Beazley to increase the pricing of its offer in Australia.

HOSTPLUS switches insurers to MetLife

JAMES FERNYHOUGH  |  WEDNESDAY, 6 NOV 2013
Industry fund HOSTPLUS has made a change to its life insurance offering, switching from ANZ's OnePath to MetLife.

Life insurance faces worst conditions in decades

LAURA MILLAN  |  TUESDAY, 5 NOV 2013
With shareholder returns in free fall, the life insurance industry is facing its worst conditions in decades, an Ernst & Young Australia (EY) analysis of the full year banking results found.

Zurich risk products added to netwealth platform

MARK SMITH  |  TUESDAY, 29 OCT 2013
Zurich's life insurance products will be available on the netwealth super and non - super platforms from 28 October, the financial services company has confirmed.

TAL increases focus on direct insurance with buyout

LAURA MILLAN  |  TUESDAY, 22 OCT 2013
TAL has made further steps towards the direct insurance market after acquiring the remaining 90% shares that it didn't already own of online life insurance comparator Lifebroker business.

Challenger reports big boost in annuities sales

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
Challenger has reported a 31% boost in its life annuities sales over the last 12 months, suggesting a burgeoning demand for annuities in Australia's as-yet-underdeveloped annuities market.

Reinsurance specialist boosts Australian team

LAURA MILLAN  |  MONDAY, 21 OCT 2013
Global risk and reinsurance specialist Guy Carpenter has expanded its Australian operations team with six new hires and new risk advice solutions.

TPD insurance prices up 10%

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
Total and permanent disability insurance prices have gone up 10% in the last year, but the insurance market is still under pressure from increasing claim rates and failure to adapt products to social trends.

Insurers now in full recovery mode

STAFF WRITERS  |  WEDNESDAY, 16 OCT 2013
Nearly two years after the devastating series of natural disasters that saw floods, bushfires, earthquakes and tsunamis scar the Asia-Pacific region, the insurance and reinsurance industry is close to recovery.

ASIC has risk advice in its sights

MARK SMITH  |  TUESDAY, 15 OCT 2013
Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell has the retail insurance sectors in his sights, announcing that the regulator will conduct major surveillance of the sector.