Life Insurance
Challenger weighs Daiichi’s $7.9b takeover offer
19 October 2026
Challenger shares have soared as the Australian wealth manager says it is assessing a buyout proposal from Daiichi Life Group...
Sydney, Brisbane advisers win conference grants
19 October 2026
The Council of Australian Life Insurers has announced the first grant recipients under this year’s program for women in the advice profession...
AFCA sides with insurer as policy lapses after marriage split
19 October 2026
A complainant has lost her bid for a policy reinstatement after arguing she was not told her former husband had become the payer for the cover, premiums were overdue and the insurance had lapsed...
Trauma worst for ‘incorrect outcome’ claim reversals
19 October 2026
Trauma claims have the highest proportion of decisions being reversed because of “incorrect outcomes”, according to latest Australian Prudential Regulation Authority life industry data...
Understanding drives insurance engagement, study shows
19 October 2026
People with a strong understanding of life insurance are more likely to buy it, according to James Cook University researchers, who have called for more financial literacy education...
Advice association wants special levy ‘set to zero’
12 October 2026
Advisers have urged the federal government to reconsider a planned $10 million special charge on the profession to pay for the Compensation Scheme of Last Resort’s FY27 funding gap...
Code watchdog eyes claims handling failures
12 October 2026
“Recurring problems” in claims handling remain a priority for the Life Code Compliance Committee, according to the independent watchdog’s 2025-26 annual report...
Acenda picks new commercial chief
12 October 2026
Acenda Life says Ross Miller will become chief commercial officer, taking over from Sean McCormack, who is stepping down...
Retirement trend drives advice demand: Swiss Re
12 October 2026
Swiss Re says the life market is changing as millions of consumers approach retirement with the option to self-manage their pension funds...
WIP names partnerships chief
12 October 2026
WIP Group head of growth Damien Davie has been promoted to chief partnerships officer...
PPS hires state BDM
12 October 2026
PPS Mutual has appointed Maria Repac as business development manager for NSW...
Allianz, AIA partner on ‘solution to retirement puzzle’
12 October 2026
AIA and Allianz say they have teamed up to address Australia’s retirement challenge...
Genetic test ban kicks in after lengthy reform push
08 October 2026
Laws banning the use of adverse genetic test results in life insurance underwriting began today after the reform secured passage in the Senate in April...
Funeral insurance, new life code among ASIC priorities
05 October 2026
The Australian Securities and Investments Commission plans to review funeral insurance providers and expects to complete an ongoing probe of life insurers’ customer services adequacy this financial year...
Compliance committee ‘carefully’ considering code proposals
05 October 2026
The Life Code Compliance Committee is “carefully” examining proposed measures that will have a bearing on its oversight of the industry...
AFCA backs drug death claim denial
05 October 2026
A life insurer has been backed by the industry ombudsman in rejecting an accidental drug death claim, because the main substance involved appeared not to have been prescribed...
PPS names strategy director, product head
05 October 2026
PPS Mutual has appointed Matthew Pilcher as director of strategy and Avanti Patki as head of product...
Life insurers address mental health in code review response
30 September 2026
Life insurers have stressed the need for “appropriate product design flexibility” to keep mental health cover affordable and accessible as the industry takes its overhaul of its code of practice to the next phase following a review...
Insurer to pay compensation for wrong PTSD call
28 September 2026
A life insurer has been ordered to pay $4000 to an income protection policyholder after telling him his PTSD was covered, only to reverse its position six weeks later and reject his claim...
Advisers say draft privacy law changes need ‘further clarification’
28 September 2026
Draft changes to privacy laws need “further clarification” to avoid “unnecessary” duplicative compliance obligations for financial advisers, the profession’s peak body says...