Category | Products


Insured Numbers Increase, But Young Less Engaged

The total number of lives insured by a risk product in Australia has climbed by around a third to over seven million in the last ten years, according to data released by Strategic Insight. (more…)

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0 · March 13, 2018 in Products, Services  

Insurer Sales Will Further Concentrate Market Share

The six largest life insurers will increase their market share of inforce premiums from around 75 per cent to nearly 90 per cent after the conclusion of the current round of acquisitions, according to Strategic Insight. (more…)

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0 · March 6, 2018 in Products, Services  

Life Insurance Ranks Low For Systemic Issues

Life insurance has continued to rank low with the Financial Ombudsman Service, which has told the Banking Royal Commission that only around five per cent of systemic issues identified by the service related to life insurance. (more…)

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3 · March 6, 2018 in Compliance & Regulation, Products, Services  

ANZ Campaign Will Promote OnePath Products And Services

ANZ Wealth has launched an advertising and awareness campaign to promote its OnePath brand, including its life insurance offerings, to both advisers and consumers. (more…)

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0 · March 6, 2018 in Products, Services  

Royal Commission Must Review Vertical Integration

The Royal Commission into the Banking, Superannuation & Financial Services should examine the vertically integrated structures of banks and advice networks but should be cautious about receiving advice from those who built the networks, an industry consultant has claimed. (more…)

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0 · February 27, 2018 in Compliance & Regulation, Products, Remuneration, Services  

News in Brief

OneCare Available Through Macquarie Wrap TAL Recognised For Ongoing Gender Equality Efforts (more…)

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0 · February 27, 2018 in Company News, Products, Technology  

BTFG Names New Insurers on APL

BT Financial Group (BTFG) has named the two new insurers it will be adding to its life insurance APL. (more…)

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0 · February 26, 2018 in Company News, Products  

ASIC Bans Risk Adviser Based on Lapse Data Research

A West Australian adviser has become the first person to be banned from providing advice as a result of ASIC Life Insurance Lapse Data Project (LILD Project) after receiving a five year ban for failing to act in the best interests of clients when providing life insurance advice. (more…)

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3 · February 23, 2018 in Compliance & Regulation, Products  

Value of Advice Moving From Sale of Insurance

Financial advisers will struggle to demonstrate the value of their advice if they believe it lies in helping people purchase life insurance or delivering claims cheques, a US financial adviser has claimed. (more…)

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6 · February 20, 2018 in Associations, Conferences and Events, General, Products, Services  

Super Fund to Reduce Premiums by $100 Million

AustralianSuper will reduce risk insurance premiums for its members by up to 20 per cent and reduce the overall levels of premiums paid by $100 million over the next financial year. (more…)

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7 · February 16, 2018 in Products, Superannuation