Gary Dransfield, the new personal insurance chief executive of Suncorp Group, says increasing competition is a big challenge to the company's growth but he rules out price cuts as a strategy to claw back lost market share.
Insurance product disclosure statements are too complex and failing consumers, according to the Insurance Council of Australia.
Former St George Bank chief executive Paul Fegan is retiring from AMP's board, with Wesfarmers director Vanessa Wallace taking his place.
National Australia Bank director Peeyush Gupta, former Herbert Smith Freehills chief Gavin Bell and HCF Group director Lisa McIntyre have been appointed to the board of the NSW government's $30 billion general insurance arm, Insurance & Care NSW (icare).
MLC has become the first major Australian life insurer to slash the price of policies as it seeks to woo new customers amid some of the worst business conditions on record.
The slowing growth in outbound travel from Australia to the lowest rate in a decade as a result of a variety of factors, including the weake...
SMEs are the most likely to distrust large insurers or switch policies at the blink of eye.
QBE says its revenue growth is under pressure as stiff competition and pricing challenges take their toll on Australia's largest global insu...
Medibank Private and Bupa will push for lifetime discounts on private health cover for young people who sign up before they are 30.
Despite its lower priority, policy could offer more than just a payout when needed.
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