21 September 2017 14:51
The Commonwealth Bank has sold its beleaguered life insurance business CommInsure to AIA and announced a series of other sweeping changes, including a strategic review of Colonial First State Global Asset Management (CFSGAM).
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AIA Australia, Life insurance, CBA, CFSGAM, comminsure
New research from the Council of Australian Life Insurers, released ahead of the Investment Magazine Insurance in Super Summit, shows that life insurers paid out almost $6 billion across roughly 54,000 claims through group superannuation policies in the past 12 months – but that most Australians still don't understand the cover they hold.
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