tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, November 26th, 6:38PM

Insurance

rss
Latest Headlines

Asteron: Working closely with regulators

Suncorp’s life insurance business, including Asteron Life and its AA Life joint venture, saw its profits fall by almost a quarter between the first and second halves of last year.

Thursday, February 14th 2019, 12:31PM

The life arm of the insurance firm turned in a net profit after tax of $17 million for the six months to December 31.

That was down from $21m in the half ended June - a decline of almost 24% -  but $1m more than the six months to December 2017.

In-force premium grew by 4%.

Suncorp New Zealand chief executive Paul Smeaton said Suncorp was working closely with the New Zealand Government and regulators on the Conduct and Culture review of the life insurance industry.

He said Suncorp welcomed any measures that delivered improved outcomes for customers.

Overall, Suncorp operations in New Zealand recorded a profit of $120m, which was up 79.1% on the prior corresponding period.

“We continue to make good progress on our strategy to connect New Zealanders to products, services and experiences that enhance and protect their financial wellbeing,” Smeaton said.

Tags: Asteron

« Sum-insured remuneration model progressedRegulators 'may misunderstand' legacy products »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Chubb's latest champion
Young maths prodigy takes out actuarial award.

New book: Unlocking group insurance
Christchurch adviser Corey Williams has released a new book helping advisers and employers put group insurance schemes in place.

Insurer gets warning from RBNZ
Geneva Finance's insurance subsidiary Quest Insurance been given a warning from the prudential regulator.

Big Shout Out
We wanted to give a Big Shout Out to Jack Newman for his fund raising efforts over the weekend.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x