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11 September 2025 by Adrian Suljanovic

No bear market in sight for Aussie shares but banks face rotation risk

Australian equities are defying expectations, with resilient earnings, policy support and a shift away from bank dominance fuelling confidence that ...
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US funds drive steep outflows at GQG Partners

Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly ...

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Super funds’ hedge moves point to early upside risk for AUD

Australian superannuation funds have slightly lifted their hedge ratios on international equities, reversing a ...

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Australia’s super giant goes big on impact: $2bn and counting

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Over half of Australian funds have closed in 15 years, A-REITs hit hardest

Over half of Australian investment funds available 15 years ago have either merged or closed, with Australian equity ...

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Are big banks entering a new cost-control cycle?

Australia’s biggest banks have axed thousands of jobs despite reporting record profits over the year, fuelling concerns ...

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MLC upgrades group insurance

  •  
By Alice Uribe
  •  
4 minute read

MLC Group Insurance has launched an online service with real time updates for insto clients.

MLC Group insurance clients will now be able to access transaction information in real time after the rollout of a multi-million dollar online service upgrade.

An in-house online team of 30 people began the upgrade in November 2009 after discussions with clients revealed a desire for richer information.

"They wanted transactional information and they wanted it to be reportable and transparent," MLC Group Insurance general manager Andrew Howard said.

As a result, the team created an online hub where clients can directly access scanned policy documentation and underwriting and claims cases information that includes underwriting requirements and decisions, sums insured and claim benefit payment histories.

 
 

It is able to generate formatted or editable status of work reports and information can be filtered to display underwriting or claims cases. It also features a secure document upload system that directs transaction information straight into MLC Group Insurance's workflow systems.

"This latest upgrade to our online services reflects our ongoing commitment to provide our clients with tailored and innovative insurance solutions that meet their needs," Howard said.

This is the second upgrade that MLC Group Insurance has completed since mid 2008. The first upgrade provided clients with view-only access to claim status and underwriting.

Howard said the group insurer was already planning for a third upgrade and had recruited a number of key people.

MLC Group Insurance manages more than $250 million in insurance premiums for clients such as ESI Super, Mercy Super and Asset Super. It has grown by over 30 per cent in the last 12 months.