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Call to reveal industry statistics

An industry commentator is urging the Financial Services Council to make public its quarterly member statistics. But one insurance boss says if that's going to happen, the Council will have to up its game.

Friday, March 6th, 6:00AM

They comprise new business per quarter per member company and in-force premium income. The data covers all risk products.

Consultant David Whyte, a former managing director of AIG, said the statistics should be available for scrutiny by advisers and consumers to help them make an informed judgement on the state of the company.

“In particular, the in-force metric should be published quarterly for every Life Company as a true measure of progress – or otherwise, as the case may be...MORE»

More Kiwis have income protection

Wednesday, March 4th, 3:27PM

Income protection cover rates have improved, the latest Financial Services Council statistics show.

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Good response to changes: AIA

Wednesday, March 4th, 6:00AM

AIA is seeing good results from its work with the independent adviser market in New Zealand, its chief executive says.

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Asteron revamps trauma, commissions

Monday, March 2nd, 5:36PM

Asteron Life has launched a new trauma benefit that could allow customers to claim for the same or related condition up to three times as their condition worsens.

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AMP life business flat, but company on track

Wednesday, February 25th, 6:43AM

AMP’s goal of diversifying its business is showing signs of success with its wealth management business underpinning a strong performance in the 12 months to December 31.

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Good response to more sustainable commission: AIA

Wednesday, February 25th, 6:00AM

Advisers have welcomed an alternative commission structure, AIA says.

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nib: Opportunities for advisers

Wednesday, February 25th, 6:00AM

Direct-to-consumer sales now make up half of nib’s new policies but its adviser business is growing strongly, its chief executive in New Zealand says.

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Rent cover goes live

Monday, February 23rd, 2:00PM

AIA has today launched a policy designed to cover rent payments.

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Fidelity Income Protection
Changes to the wording make it easier to issue policies, but advisers should be careful about proof of income.

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