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Insurance

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.

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.