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 2016...
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 or...
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 and...
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 insurer....
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 ClearView...
Over 500 customers have their say on life insurers Insurance Watch press release: 10 July 2017 by Wally RipperMelbourne, 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 Insurance review website.With...
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, trauma...
After receiving approval from the Federal Court of Australia, Macquarie Life policies have been transferred to Zurich effective 1st October 2016. Zurich now has responsibility for managing existing Macquarie FutureWise, Active and Sumo policies and will continue to issue these policies under the Zurich brand.New...