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Australia’s $3.1 Trillion Underinsurance crisis

CommInsure have released the results of a report they commissioned to collect the latest insurance statistics available, including data about consumer attitudes and behaviour. The report confirms the perennial and worsening state of our nation's underinsurance problem. Some of the key findings were: Australians are currently underinsured...

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AMP, MLC and OnePath remain on top

Plan for Life have released their latest statistics on the Life Insurance market in Australia relating to the 12 month period ending September 2011. The figures show that overall premium inflows increased by 11.5% for the year. Those insurers who in recent years have been on...

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Tower Australia changes name to TAL

When Tower Australia demerged from Tower New Zealand in October 2006 it was agreed that the Tower name and logo could only be used for the next 5 years. Tower Australia have been working on a new brand and identity and from the 18th November 2011...

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Rebranding of Aviva products as MLC

As part of its takeover arrangements MLC was only entitled to use the Aviva brand until 2nd October 2010. After this date the brand name Aviva had to be removed from the Australian market. MLC has now rebranded the Aviva Protectionfirst products as MLC Protectionfirst...

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NAB pulls out of bid for AXA

After its bid for AXA Asia Pacific was blocked for a second time by the Australian Competition and Consumer Commission, NAB has abandoned its $13 billion takeover proposal. Despite the proposed sale of some of AXA's investment businesses the ACCC felt this would not be...

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ING & Zurich win Top award from Cannex

CANSTAR CANNEX have announced that ING Australia and Zurich Financial Services have been declared winners of their 2010 Outstanding Value Packaged Life award. In announcing the award Stephen Mitchell, Head of Wealth Management at CANSTAR CANNEX, declared that "Both companies showed a winning consistency in...

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