Life Insurance News

Plan for Life reports that, as of 31 March 2012, annual life insurance risk market inflows grew 11.8 percent and overall sales grew 26.6 percent.

According to Dexx&R, results were strong in all insurance sectors, including disability, individual risk and group risk, for the year ending 31 March 2012.

Despite lower revenue, APRA reports strong performance and healthy capital levels for the industry for 2011, with commissions and premium income growing.

ACORD has appointed four new members to its Australia Life Committee, one of several steering committees overseeing the development of industry standards.

Ebix has purchased Sydney-based Fintechnix for $5.25 million and expects to increase its Australian presence and immediately improve earnings per share.