New Call to Reform the Disability Insurance Sector in Australia
Australia’s $5 billion disability income insurance sector needs urgent reform, according to the country's Actuaries Institute, noting that failure to implement significant changes “...will...
Asteron Life Responds to Coronavirus Challenge
The Coronavirus (2019-nCoV) outbreak has led to Asteron Life wanting additional information from people applying to them for cover.
The change applies to applicants who...
Cigna Corp to Sell Life Business
Cigna Corp is selling its group life and disability insurance business for US$6.3 billion (NZ$9.84 billion) to New York Life. Completion of the sale...
ClearView to Cease Agreed Value IP in Australia
ClearView Wealth in Australia is discontinuing the sale of Agreed Value income protection insurance contracts from 31 March 2020.
The insurer made the announcement in...
Why Kiwis are Holding on to Their Private Health Insurance
More Kiwis are hanging on to their medical insurance for fear they won't be looked after by the public health system says Roger Styles,...
Government Introduces Conduct Bill
The Government introduced the Financial Markets (Conduct of Institutions) Amendment Bill yesterday.
The Bill aims to improve the conduct of banks, insurers and other financial...
Call For Proactive Industry Approach to DII Sustainability
Partners Life Managing Director, Naomi Ballantyne, has called on life insurers to take a proactive approach to disability income insurance sustainability.
Ballantyne’s comments follow the...
Partners Life Product Enhancements
Partners Life has announced more than 45 improvements across its product suite, effective on 9 December 2019.
In an adviser update, Partners Life General Manager...
Australian Regulator Demands New Course for IP Sustainability
In a momentous development, the Australian Prudential Regulation Authority (APRA) has imposed a prescriptive set of changes on life companies designed to revive the flagging sustainability of...