AMP said its business had been under review for the past two years, following a period of structural change across the sector from 2013. Commonwealth Bank and the Commonwealth Bank of Australia's are to internally review their life insurance units in the wake of Commonwealth Bank life insurance scandal that has sent shockwaves through the industry. As we noted 2010 , the Australian Securities and Investments Commission (ASIC) has begun a full-blown investigation into "very troubling and shocking stories" regarding denied claims and out-of-date policy definitions of the insurance arm of CommInsure , CommInsure .
Commonwealth Bank and the Commonwealth Bank of Australia's are to internally review their life insurance units in the wake of Commonwealth Bank life insurance scandal that has sent shockwaves through the industry. As we noted 2010 , the Australian Securities and Investments Commission (ASIC) has begun a full-blown investigation into "very troubling and shocking stories" regarding denied claims and out-of-date policy definitions of the insurance arm of CommInsure , CommInsure .