Industry leaders to share pearls of wisdom with insurance up-and-comers

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Young insurance professionals will meet with current industry heavyweights in a series of events aimed to foster the next generation of industry leaders. The Generation i: Leaders of the Pack afternoon workshop series, an initiative of the Australian and New Zealand Institute of Insurance Finance’s Gen i program, will see under 35s given the opportunity […]

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Productivity Commission and industry to meet on natural disaster funding review

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The Productivity Commission will meet insurance industry leaders in a panel forum to discuss the future of natural disaster funding in Australia, the Australian and New Zealand Institute of Insurance and Finance (the Institute) has announced. The panel will follow the Commission’s preliminary report, which will be released this month. Karen Chester, the Commissioner responsible for […]

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Key findings of the Investment Trends 2014 Planner Risk Report

Planners are focusing more on life insurance and expect this to continue over the short term Planners are expanding the range of insurers they use, but switching remains high Zurich and AIA Australia has the highest satisfaction amongst its users Underwriting is a key area in which insurers can differentiate their offerings Users of XPLAN’s […]

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TAL seeks better life insurance outcomes for consumers

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Australia’s largest life insurer TAL recommends in a new submission to the Financial System Inquiry a range of measures to improve consumer outcomes for life insurance products and services. TAL Group CEO Jim Minto said: “We are seeking changes to allow consumers to have greater flexibility and ease to both obtain and maintain financial protection, […]

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Innovation critical for sustainability of group insurance

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Group insurers working with their superannuation fund partners must continue to seek innovation in key areas such as benefit design, claims management, technological support and client engagement in order to tackle the unique challenges facing the sector, according to AIA Australia. These themes form the basis of a range of discussions at yesterday’s AIA Australia/Conexus Group […]

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Extra money goes to savings and holidays

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Younger Australians would spend extra income on shopping for clothes and new mobile devices before considering using the money to get financial protection for the first time or increase their life insurance cover. And while clothes and mobiles are less of a priority for older Australians, all generations would first use extra income to build […]

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Product innovation helps deliver strong growth for Australia’s direct life insurers

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Innovative product development coupled with speed to rationalise non-performing offers has helped underpin strong growth in Australia’s direct life insurance segment. In the 12 months to December 2013, direct life insurance sales accounted for $558.1 million, with in-force annual premiums worth $1,459.3 million for the same period. This represents significant growth over the 2013 year, […]

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Zurich says education and advice key to Australians avoiding life ‘mis-insurance’ gap

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New research explores degree of Australia’s mis-informed, mis-insured Zurich yesterday released new research showing many Australians have misperceptions about their life insurance, exposing them to a “mis-insurance” gap, the consequences of which may be equally as damaging as an under-insurance gap. Others are simply mis-informed about the purpose of life risk insurance and so are […]

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Video: The pros and cons of holding life insurance inside and outside superannuation

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Welcome to our latest video in which we provide you with a step-by-step guide on the key issues impacting on where to hold life and TPD insurances – inside or outside superannuation? We highlight the trips and traps that await the unwary and provide you with information on how to arrive at appropriate decisions on […]

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Don’t risk life insurance claim being rejected in bid to save time or money

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Smallest of details can result in insurance claims being rejected: Centric Wealth Buying life insurance online may seem an efficient way of buying life insurance, but for many policy holders it can significantly increase the risk of them not being adequately covered and having their claim rejected in the future. According to leading wealth advisory […]

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