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Dec
14

US Study: Low Compliance of Mammogram Screening Among Insured Women

Breast cancer is the most common form of cancer among women, accounting for around 16 percent of all female cancers. It kills around 519,000 women every year, worldwide. A recent US study, conducted by the Medco Research Institute, reveals that only half of insured women aged over 40 are claiming annual…

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Nov
24

Record Growth in Australia's Private Health Insurance Market

Australia's public health system, Medicare, provides a substantial cover of healthcare treatment. However the public health system is currently under threat. There is a shortage of medical staff, hospital beds, and medical facilities such as brain scans. Patients under the public health system are therefore having to endure considerably long waiting lists. Medicare was introduced in 1983, allowing…

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Sep
17

NAB Bid for AXA Rejected by Australian Watchdog

The takeover bid by the National Australian Bank (NAB) for AXA Asia Pacific Holdings (AXA APH) has been rejected by the Australian Competition and Consumer Commission (ACCC) on the grounds of insufficient certainty that the proposed undertakings offered by the parties satisfy its competition concerns.

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Sep
08

QBE Acquires Seattle Specialty Insurance Services

Australia-based QBE has recently announced the acquisition of Seattle Specialty Insurance Services Inc., through its US-based subsidiary Sterling National Corporation. With headquarters in Everett, Washington since 1992, Seattle Specialty Insurance Services has been providing insurance services to financial institutions, and will operate as a wholly-owned subsidiary of Sterling National.

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Aug
11

New Life Insurance Brand to be Launched by ANZ

ANZ, the New Zealand-based banking giant, has recently announced its plans to launch the new brand OnePath to market their specialist fund management and life insurance businesses, currently under the ING brand, in both Australia and New Zealand.

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Apr
20

Takeover bid of AXA Asia Pacific blocked by Australian Regulator

The takeover bid for AXA Asia Pacific Holdings Ltd. (AAP) by the National Australia Bank (NAB) and the French insurance company AXA SA (AXA) has been blocked by the competition watchdog of Australia, citing the lessening of competition effect it would have on the domestic retail investment arena.

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Feb
22

Australian Govt. Debates Rebate for Private Health Insurance

The federal government is trying to rally support behind a bill in the Australian Senate which would impact private medical insurance rebates for some Australians. The proposal seeks to rule out a 30% rebate on private medical insurance policies for any individuals earning over AUD$75,000 and families earning over AUD$150,000 annually. The Treasurer for the Labor government is saying this measure…

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