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 […]
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 […]
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, […]
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 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.
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.