Life Insurance

5 Sep 18, 5:02pm
Life insurers, fund managers and other financial service providers could be fined up to $100,000 for breaching industry body's new Code of Conduct
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30 Aug 18, 3:22pm
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
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9 Aug 18, 5:00am
Life insurer accused of mis-selling to Aboriginal people sidesteps questions about its rapid growth in New Zealand 
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19 Jul 18, 7:29am
Which 3 life insurance providers is the FMA considering taking regulatory action against? Westpac and AMP rule themselves out; 2 providers stay silent 
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18 Jul 18, 1:09pm
Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
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4 Jul 18, 1:29pm
Lawyer welcomes insurance contracts law review, citing policies that give insurers discretion to over-ride a medical opinion to avoid paying a claim
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11 Jun 18, 5:10pm
Buying insurance via Facebook Messenger a step closer to becoming a reality as Lloyd's of London agrees to underwrite Auckland insurance start-up, Cove
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1 Jun 18, 10:00am
Experts divided over whether policyholders will emerge from banks' 'life insurance business ditch' better off
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30 May 18, 11:53am
NZ life insurance market consolidates as ANZ agrees to sell OnePath Life to Cigna for $700 million; Sale to see Cigna become NZ's third largest life insurer
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24 May 18, 12:46pm
FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
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22 May 18, 11:39am
Commerce and Consumer Affairs Minister Kris Faafoi seeks feedback on insurance law revamp that aims to regulate insurers' conduct and better protect consumers who risk having their claims declined due to non-disclosure
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17 May 18, 10:59am
Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
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16 May 18, 3:00pm
Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
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3 May 18, 9:36am
ANZ NZ understands why the OIO blocked its planned sale of UDC, CEO David Hisco says, and still aims to sell the finance company but isn't in a hurry
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22 Mar 18, 1:17pm
FMA sounds alarm bells over commissions paid to financial advisers, but stops short of lobbying the Government to regulate these; says it first wants to try proposals before Parliament to tighten rules around conduct
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6 Mar 18, 11:47am
Government commits to reviewing archaic laws criticised for putting consumers on the back foot when dealing with insurers
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30 Nov 17, 3:48pm
The insurance market may be consolidating, but the RBNZ says it's still attractive to overseas companies. We consider who's showing interest and look at what the new entrants to the market are up to
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1 Nov 17, 5:02am
Fidelity Life board backs proposal for NZ Super Fund to inject new capital into the company through a $100 million deal  
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29 Sep 17, 9:15am
Sovereign customers warned AIA takeover could give incentivised advisers an in to encourage them to switch policies
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21 Sep 17, 10:57am
AIA reaches AU$3.8 billion agreement with ASB's parent CBA to buy Sovereign and CommInsure
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