Designing sustainable products while balancing affordability is crucial to driving good customer outcomes

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It is two years since APRA stepped in to address the cycle of losses and price increases in the Individual Disability Income Insurance (IDII) market. In that time, we have... Read more continue reading

Report calls for re-design of insurance products and law modernisation to protect women from financial abuse

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A new report released today by the Centre for Women’s Economic Safety (CWES) calls for general insurers to disrupt domestic violence in Australia by re-designing products to prevent financial abuse.... Read more continue reading

AMP appoints TAL as new default insurance provider for superannuation members

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AMP is pleased to announce it has appointed TAL as its new default and retail insurance provider for AMP Superannuation Fund members, including its flagship SignatureSuper offer. Members’ best financial... Read more continue reading

Swiss Re Institute’s new study forecasts global life savings premium to grow to USD 4 trillion by 2033

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Swiss Re Institute has released A retirement lifeline: Capturing the insurance opportunity in the private savings market, a publication that highlights the opportunity for life insurers to become a lifeline for global... Read more continue reading

Australian insurers rethink shifts in investment strategies driven by inflation and rising rates, new report finds

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Janus Henderson Investors (ASX / NYSE: JHG) has released key findings from its 2023 Janus Henderson Insurance Asset Management Report. The research report offers a deep dive into the evolving... Read more continue reading

MLC Life Insurance launches new cancer screening support

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MLC Life Insurance has announced a new addition to its award-winning Vivo program, the Aware questionnaire by Osara Health. This revolutionary 2-minute questionnaire is designed to encourage cancer screening and... Read more continue reading

Responsible underwriting 2.0, creating trust, affordability, and claims confidence

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Introducing responsible underwriting 2.0 When viewed from a technical perspective, it is tempting to characterise life insurance as revolving almost entirely around the interplay between product design, pricing, underwriting and... Read more continue reading

Life insurance profits double, premiums rise, KPMG industry review shows

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Australia’s life insurance industry doubled its profits to $1.2bn in the 12 months to 30 June 2023, KPMG’s annual market review reveals. The cost of premiums for individual-advised disability income... Read more continue reading

BlackRock study: Global insurers adapting to the new market regime

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Global insurers are adapting to a challenging macro environment in 2023, according to BlackRock’s 12th annual Global Insurance Report. To do so, they are adopting a strategic asset allocation (SAA)... Read more continue reading

MLC Life Insurance launches new retail pricing campaign

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In an environment of rising household costs and affordability pressures, MLC Life Insurance has launched a campaign to promote its competitive new business pricing. The campaign highlights the value being... Read more continue reading