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

Insurance

MetLife poised to enter DLA market

JAMES FERNYHOUGH  |  FRIDAY, 11 OCT 2013
Life insurer MetLife will launch a deferred lifetime annuity into the Australian market if the current legislative and other impediments are removed.

Aon opens new offices in Australia

LAURA MILLAN  |  TUESDAY, 24 SEP 2013
Aon is extending its regional presence in Australia and will open three new offices days after it appointed a new chief executive.

Insurance becomes concentrated, advisers reduce relationships

LAURA MILLAN  |  THURSDAY, 12 SEP 2013
Insurer relations with advisers are changing rapidly, with financial planners reducing the number of insurance providers and focusing on their most-used insurer for the premiums they write.

Life insurers sponsor mental illness awareness day

JAMES FERNYHOUGH  |  THURSDAY, 12 SEP 2013
Life insurance companies are today joining forces with industry super funds to mark 'R U OK? Day', in an attempt to address the spike in total and permanent disability (TPD) and suicide claims.

Asteron takes on former Aon Hewitt exec

JAMES FERNYHOUGH  |  THURSDAY, 5 SEP 2013
Life insurer Asteron Life has appointed David Plant as its new executive manager of operations and strategy implementation.

APRA to focus on reinsurers

LAURA MILLAN  |  MONDAY, 26 AUG 2013
The Australian Prudential Regulation Authority (APRA) will focus on the performance of reinsurance groups as a way to prevent the negative effects on the insurance industry if a reinsurer was downgraded or failed.

Reporting season reveals insurance black spots

MARK SMITH  |  MONDAY, 26 AUG 2013
A spike in lapse rates and an increasing number of people claiming total and permanent disability (TPD) may lead to an overhaul of products and a surge in premiums some senior industry professionals think.

Suncorp Life set for overhaul after 76% profit plunge

LAURA MILLAN  |  THURSDAY, 22 AUG 2013
Suncorp will overhaul its life risk business after net profit after tax dropped 76% in the past year and accounts now for less than 10% of Suncorp Group.

Investment income fuels life insurance sector

ALEX DUNNIN  |  TUESDAY, 20 AUG 2013
Life insurance industry figures released today by the Australian Prudential Regulation Authority (APRA) paint a picture of a robust industry albeit one preparing for some adjustment.

Unclaimed life insurance up by $28 million

LAURA MILLAN  |  WEDNESDAY, 14 AUG 2013
The amount of unclaimed life insurance has increased by $28 million during the last year, according to the latest report by the Australian Securities and Investments Commission (ASIC).