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[GRTV] Get the country’s under insurance back on the agenda

Life insurance statistics for September have seen an uptick in lapse rates says Asteron Life executive general manager Grant Willis.

Wednesday, December 6th, 12:08PM

Anecdotal feedback from advisers is that they are starting to see more pressure on household budgets which is impacting affordability.

Willis says he hasn’t yet seen evidence of it slowing new business and isn’t sure it will because a lot of the need for insurance comes out of the discretionary spend, whether it’s a need to cover debt or various household risk issues.


Asteron Life takes out top gong for 4th time

Friday, December 1st, 7:36PM

Asteron has been named life insurance company of the year for the fourth time in 10 years.


Smoker or non-smoker? Are you sure?

Saturday, November 25th, 6:25AM

Recently, I've had an interesting discovery with a client coming of age on their parent's policy, and they were transitioned to their own cover on smoking rates without any input or questions from the client.



Previous News

Accuro members vote overwhelmingly in favour of UniMed merger

Tuesday, November 21st, 3:01PM

Accuro Health Insurance Society's policyholders have overwhelmingly approved the Wellington-based health insurer's merger with Christchurch-based Union Medical Benefits, known as UniMed, to form New Zealand's third largest health insurer.


JAVLN signs up Aussie's BJS Insurance Group for three years

Monday, November 20th, 4:13PM

Home-grown insurance management software company JAVLN has signed up another Australian insurance brokers, BJS Insuance Group to use its client and policy management technolgy.


No rush to join Fidelity in publishing turnaround times

Wednesday, November 15th, 9:08AM

Other life and health insurers aren't rushing to join Fidelity Life in publishing their turnaround times, although Southern Cross says it may follow suit.


Passbacks - How do they work?

Wednesday, November 15th, 6:01AM

Jon Paul-Hale looks into the issue of passbacks, and how they work.


Health insurance premiums rose 8% in the June quarter: FSC

Monday, November 13th, 9:05AM

Premiums collected by health insurance companies jumped 8% to $2.24 billion in the June quarter compared with the March quarter, according to the latest data released by the Financial Services Council (FSC).



Insurance Briefs

AIA Vitality numbers
AIA says its Vitality programme now 50,000 members and they have recorded material health improvements, demonstrating the gains that can be made when we take charge of our wellbeing.

Chubb Life scholarship winner
International student Lyla Dang has capitalised on her university “twinning” programme by winning the 2023 Chubb Life Victoria University Actuarial Scholarship.

Asteron Life Claims team acknowledged
Asteron Life's claims team were awarded a highly commended in the team of the year category at the Financial Services Council (FSC) Awards this week.

Life Direct goes into bat for NZ Cricket
Direct to consumer life insurance platform, Life Direct, signs a deal with NZ Cricket.

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