Tuesday, June 25, 2019

Products

Kiwis Push Financial Risk Out of Mind

New research commissioned by the Financial Services Council has revealed that New Zealanders don’t like to think about or prepare against financial risks, despite...

AIA Sovereign Announces Further Product Enhancements 

*UPDATE* This article has been updated with details on AIA Sovereign's product enhancements below. AIA Sovereign has announced a range of enhancements to its income...

Partners Life Discontinues Fastapp

Partners Life has announced that it has decided to discontinue Fastapp for new policies effective from 13 May 2019. The insurer launched Fastapp in March...

Aussie Regulator Ultimatum to Insurers on Income Protection

The Australian Prudential Regulatory Authority has sent letters to insurers in which it calls on them to urgently address concerns it has with the...

Cigna Releases OnePath Product Enhancements 

Cigna New Zealand has released some initial product changes to its OnePath product suite, the first of a series of planned enhancements it confirmed...

Asteron Life Extends Increased Kids Cover Benefit to Existing Customers

Asteron Life has announced an increase to its free Kids Cover Benefit, from $10,000 to $50,000, is now available for its existing customers. Asteron increased...

AIA Sovereign Aligning Products, Enhancements to Come

AIA Sovereign has announced it is aligning the existing AIA and Sovereign products through a series of enhancements. “We are aligning AIA and Sovereign product...

Fidelity Life Launches Campaign For New Customers

Fidelity Life has launched a campaign to benefit its new customers. The insurer is offering to pay the first two months’ premiums for new Platinum...

Life Insurers Rank Low in Customer Satisfaction Survey

The latest survey from independent not-for-profit, Consumer NZ, has found customer satisfaction with life insurance companies is low. Overall, 39 percent of Consumer NZ members...

Industry Needs to Deliver on Ensuring Product Suitability – Hutchinson 

Chatswood Consulting’s Russell Hutchinson says a conversation between regulators and industry is needed to determine what systems and controls are required to ensure suitability...