Life Insurance

6 Feb 19, 8:59am
A closer look at the pending commission crackdown Commerce and Consumer Affairs Minister Kris Faafoi sees when he glances across the Tasman
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2 Feb 19, 9:04am
After casting an eye over the FMA-RBNZ report on life insurers' conduct & culture, Andrew Hooker encourages the Government to legislate to force change
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30 Jan 19, 2:41pm
Proposed Government crack-down on insurance sales incentives re-sparks discussion over how to provide free or affordable financial advice that isn't compromised 
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29 Jan 19, 3:11pm
Robertson and Faafoi commit to plugging legal gap that sees bank and insurance conduct go unregulated
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29 Jan 19, 1:05pm
The FMA & RBNZ detail remediation & poor conduct examples found in their review of life insurers' conduct and culture
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29 Jan 19, 1:00pm
RBNZ and FMA talk tough on poor conduct and culture of $2.57 billion life insurance sector, but avoid explicitly telling insurers to put an end to commission payments
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5 Dec 18, 9:35am
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
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29 Nov 18, 12:00pm
A 325% debt-to-disposable income ratio, household debt growing at a more sustainable rate, horticulture lending being monitored, eye watering life insurance commissions & more from the RBNZ's FSR
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28 Nov 18, 4:55pm
RBNZ flags astronomical life insurance commissions as it indicates its conduct and culture review on the industry will be more scathing than the one it did on banks; However the sharpness of regulators' teeth remain in question
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22 Nov 18, 2:49pm
Cigna follows Kiwi Wealth and Nikko Asset Management in getting FMA clearance to provide digital personalised advice
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25 Oct 18, 11:10am
AMP agrees to sell NZ and Aust life insurance businesses for A$3.3 billion; Plans to float its NZ wealth management (including KiwiSaver) and advice business on the share market
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21 Sep 18, 5:00am
Banking Ombudsman Scheme working on sector-wide complaints data system as it mulls increasing the limit on customer claims to $350,000
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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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