Six insurers have re-signed deals with a charity that aims to improve the wellbeing of Australian employees, as the cost of mental health insurance claims soars. Insurers AIA, TAL, Hanover Life RE, CommInsure, MLC and Beazley Group have signed three-year deals with SuperFriend, while MetLife has signed up for the first time. The deals come […]
Amal AwadJuly 29, 2013
AIA has undergone two years of extensive trials to gain insights on rehabilitation in life insurance. “We believe helping to get claimants back to work is a great outcome for the claimant and a win for everyone involved. It improves the morale of the employer and their workplace, and crucially, the claimant themselves,” said Damien […]
David RowleyJuly 29, 2013
There’s an endless tide of flow-on effects from the stark growth in the volume of claims across the life insurance sector. While it’s encouraging that more Australians are becoming aware of the availability of their life insurance benefits, the rise in disability claims in particular places enormous financial and societal pressure on funds, insurers, reinsurers, […]
Damien MuMarch 21, 2013
More than half of all Australian employees are now being offered access to mental health assistance through their superannuation schemes. Superfriend, the charitable organisation established to reduce the rate of suicide in the Australian population, has been front and centre in providing resources to super funds addressing mental health. The organisation recently increased its number […]
David RowleyMarch 18, 2013
David Bryant, chief executive of Australian Unity Investments, says the investment unit of the health insurer and retirement manager wants to more than double its assets under management to $25 billion.
I & T NewsSeptember 20, 2011
BNP Paribas Securities Services, the third-biggest custodian in Australia, has beaten off State Street Corp. in the competition to be the custodian of $130 billion in funds for the merged AMP-AXA Asia Pacific Australia and New Zealand.
I & T NewsSeptember 6, 2011
The $2.7 billion NGS Super has negotiated a new deal with its insurer that will give members the option of income protection to age 65, death cover extended to age 70 and automatic insurance increases for trigger events.
Staff WriterOctober 6, 2009