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TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
According to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia.

AIA launches retail rewards program

KARREN VERGARA  |  TUESDAY, 18 APR 2023
AIA Australia has launched an incentive program for new retail clients in a bid to encourage healthy behaviours.

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
The prudential regulator is taking action against NobleOak Life for breaching its capital adequacy obligations.

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
Members of the nation's largest superannuation fund will soon see the cost of their death and TPD cover drop.

ClearView enhances ClearChoice products

CASSANDRA BALDINI  |  MONDAY, 27 MAR 2023
The wealth manager has unveiled a variety of enhancements to its flagship life insurance product range, ClearView ClearChoice.

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
ASIC is providing life insurers a conditional relief that will last five years in circumstances where a policy needs to be reissued.

NEOS named Life Company of the Year

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
NEOS Life has taken home the top prize at the Association of Financial Advisers' Life Company of the Year awards, with TAL and MetLife named runners up.

Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
While Australia's life insurance industry grew steadily in the last year to $17.9 billion, its profits copped a beating from rising interest rates.

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
CareSuper is making a raft of changes to its insurance offering, including a change to the definition of total and permanent disablement (TPD), impacting members who file a claim.

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
APRA will maintain four life insurance prudential standards following a brief consultation period.