Life Insurance News
According to industry figures reported by APRA, life insurers increased both after-tax profits and total revenues for the quarter ending 30 September 2012.
Genetic sequencing will play a growing role in medicine, and patients can expect their genome sequences to become a routine part of medical records.
Mortgage Choice, one of Australia's largest independent mortgage brokers, has launched an separate financial planning and advice arm to its business.
Life and health insurers must remain vigilant in detecting fraudulent claims, and the danger of fraud may be exacerbated by increased industry automation.
An APRA working paper maintains that members pay up to twice as much for cover when superannuation fund trustees are required to use specific insurers.