Category | Company News

AMP Life Signs Further Reinsurance Arrangements

AMP has extended its reinsurance arrangements with Munich Reinsurance and signed a separate deal with General Reinsurance Life Australia to collectively reinsure 65% of AMP Life’s retail life insurance portfolio. (more…)

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1 · August 10, 2017 in Company News  

CBA Examining CommInsure Sale

The Commonwealth Bank (CBA) has flagged that it may sell its Australian and New Zealand life insurance businesses stating that it is in discussions with interested parties. (more…)

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2 · August 9, 2017 in Company News  

TAL Backdates Trauma Definitions

TAL will apply the new minimum standard trauma definitions within the Life Insurance Code of Practice (LICP) to all new claims received on individual policies purchased since 10 August 2009. (more…)

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6 · August 8, 2017 in Company News, Compliance & Regulation  

AIA Makes Changes to Premium Rates

AIA Australia has introduced a large sum insured discount and reduced premiums on some policies for new business written under its Priority Protection and Priority Protection for Platform Investors (PPPI) products. (more…)

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5 · August 7, 2017 in Company News, Products  

PPS Mutual Increases Benefits Indexation

Mutual life insurance group PPS Mutual has indexed its policy benefits at three times the level of inflation stating this position was more consistent with the salary growth of the professional services sector that it covers. (more…)

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1 · August 4, 2017 in Company News, Products  

Suncorp Considers Asteron Life Options

Suncorp will consider a range of options for its life insurance business, Asteron Life, stating that additional reinsurance, a partnership or full sale were all still in the table. (more…)

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0 · August 4, 2017 in Company News  

ANZ Trials Wellness Program With OneCare Customers

ANZ Wealth has begun a trial of a wellness program with 3000 participants in a bid to drive healthy behaviours among its OnePath and OneCare customer base. (more…)

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0 · July 25, 2017 in Company News, Services, Technology  

MLC Life Launches Group Life Platform

MLC Life Insurance has continued its rollout of new life insurance related technology with the launch of a group insurance digital platform for superannuation funds. (more…)

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0 · July 25, 2017 in Claims, Company News, Superannuation, Technology  

BT Senior Life Insurance Appointments

BT has announced two key appointments within its life insurance business. (more…)

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· July 17, 2017 in Appointments, Company News  

OneCare Launches Real Time Pre-Assessment Tool

ANZ Wealth has launched a life insurance pre-assessment tool for its OneCare range of products that will identify loading and exclusions for a range of pre-existing medical conditions. (more…)

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0 · July 17, 2017 in Company News, Products, Technology