Roy Morgan has released research showing that the level of Life insurance purchased online has increased by more than 100% in the last five years. The report estimates that around 350,000 policies were sold online in 2017, accounting for over 10% of purchases compared to…
Zurich Financial Services Australia have announced that they will pay $2.85 billion to purchase OnePath Life from ANZ bank in a deal to be completed by late 2018. Zurich is Europe’s fifth biggest insurer and the OnePath deal follows Zurich’s purchase of Macquarie Life in…
Over 90% of all life insurance claims in 2016 were accepted by life insurance companies, according to a joint research project by the Australian Prudential Regulation Authority (APRA) and Australian Securities and Investments Commission (ASIC). In 2016 there were 103,100 claims finalized, of which 95,000…
The Commonwealth Bank (CBA) has agreed to sell its Life insurance business in Australia and New Zealand to AIA. Under the deal the AIA Group will pay $3.8 Billion for the CommInsure Life and Sovereign businesses. The deal is subject to regulatory and government approvals…
TAL have announced that for a limited time all their Accelerated Protection insurance policies will be free of policy fees. A policy fee is a fixed amount intended to compensate an insurer for its administration costs which is incorporated into the premium paid to an…
Canstar have announced the winners of their outstanding value awards for 2017. The research house compares both price and features to come up with the best life insurance policies on offer in Australia. The two life insurance companies voted best overall value for 2017 were…
Over 500 customers have their say on life insurers Insurance Watch press release: 10 July 2017 by Wally Ripper Melbourne, Australia, July 10, 2017– Insurance Watch has announced that it has surpassed the milestone of 500 customer reviews, cementing its position as Australia’s largest Life…
A report released by Adviser Ratings aims to provide consumers with greater information about how different companies handle life insurance claims by ranking each insurer based on their claims performance. The 2016 Adviser Sentiment Life insurance Report covers the claims process for life insurance, income protection,…