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MLC Life Insurances boosts innovation team
MLC Life Insurance has boosted its expertise in innovation and data analytics, announcing three senior hires as well as a number of...
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QBE shares dive 2.8 per cent despite higher premiums
QBE Insurance Group share price fell this week despite prospects of a hardening premium market as outlined by chief executive...
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Reinsurance price rises lose momentum
After last year's natural catastrophe losses, 2018 reinsurance renewals came with slight pricing increases, but that upward...
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QBE flags rise in premium rates
QBE has flagged healthy premium rate increases during the September quarter and promised to update investors early next month on...
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FSC overhauls insurance code of conduct
The Financial Services Council has announced a major revamp of its insurance code of conduct aimed at “all life insurance...
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APRA welcomes new Climate Index
The Actuaries Institute has launched a Climate Index to help policymakers and businesses measure the impact of extreme weather, an...
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AIA’s Mu on shared values, customer expectations and David Beckham
AIA chief executive Damien Mu emphasised his commitment to shared values adding that the concept not only underpins a company’...
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AMP defends $3.45bn sale of insurance assets
Troubled wealth manager AMP was forced to defend the sale of its life insurance businesses at a discount to British Resolution Life...
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S&P cuts ratings on climate change and governance
Investors in the world’s top companies are demanding better environmental, social and governance practices and there is no question...
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AMP Bank to simplify fees and products
AMP Bank, the banking arm of Australia’s biggest wealth manager, is revamping its savings products in an effort to provide a...
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Life industry damaged by royal commission
The widespread allegations of misconduct have further damaged an industry whose reputation was already tarnished according to a new...
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AMP sells life insurance business at a discount: Shares fall 24%
Troubled wealth manager AMP said it will sell its Australian and New Zealand life insurance business to London-based insurance...
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