Westfield, Largest Life Insurance Group to Drop Out of Australia

Westfield Life Insurance has announced it will stop offering its insurance in Australia, citing low demand from the country.

The insurer is one of the biggest employers in the country, with more than 10,000 staff and about 1.5 million customers.

The company has been struggling to compete with other insurers, and the drop is expected to leave it struggling financially.

The decision follows a report from the Financial Review, which found that demand for life insurance in the region had fallen by 50 per cent since 2014.

The company said it was looking for “alternative financial models”. “

The future of our business is uncertain and our focus will now be on our ongoing growth strategy in the UK and New Zealand.”

The company said it was looking for “alternative financial models”.

“Our customers trust us and we are confident that our products and services are safe, reliable and affordable. “

“Despite the global market for life, we believe the current situation for Australian life insurance is not ideal, and we believe we will be able to continue offering our policies here in Australia. “

“Westfields Life Insurance is not a standalone entity, but is a wholly-owned subsidiary of the life insurer Alliance Insurance Group, which is also a part of Westfield. “

“Alliance is an independent company which operates and owns assets and business operations in Australia which have an Australian base, and are managed by an independent director.” “

Westfield is one out of about 400 insurers in the United Kingdom and one of a handful of insurers that will continue to offer their products in Australia despite the country’s decision to scrap the life policy. “

Alliance is an independent company which operates and owns assets and business operations in Australia which have an Australian base, and are managed by an independent director.”

Westfield is one out of about 400 insurers in the United Kingdom and one of a handful of insurers that will continue to offer their products in Australia despite the country’s decision to scrap the life policy.

However, there are concerns about the future of life insurance policies in Australia amid rising demand and the impact on the economy.

The Financial Review said it found that life insurance premiums in the area had fallen 50 per a cent since last year, and it predicted demand for insurance in 2017 would fall by 50 to 60 per cent.

The report said that a decline in demand and a decline of $10 per day in premiums in Australia’s insurance market could mean the cost of insurance would fall to about $20 per person per year.

“For many insurers, the cost is just too high for them to cover their costs, especially as demand for their policies has been falling for some time,” the report said.

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