Life Insurance
CBA class action payout modest but fair, judge says
07 September 2026
Members of a class action over life insurance premiums will receive less than one-quarter of the multimillion-dollar payout approved by the Federal Court earlier this month...
Partners Group to buy Fidelity Assurance
07 September 2026
Daiichi Life-owned Partners Group will acquire New Zealand insurer Fidelity Life Assurance, subject to regulatory approvals and other requirements...
Code watchdog warns insurer over customer notice failings
07 September 2026
An unnamed life insurer has been given a formal warning after reporting 10,105 breaches of the industry code of practice...
AFCA backs insurer on hardship help, policy cancellation
07 September 2026
An insurer cancelled a death and funeral insurance policy lawfully and is not obliged to reinstate it or pay out the benefit, the financial services ombudsman has ruled...
APRA finalises data reporting revamp
07 September 2026
The Australian Prudential Regulation Authority is finalising updates to three life insurer reporting standards following a consultation...
Claimant loses dispute over premium waiver
07 September 2026
Premiums for business expense cover are still payable when income protection benefits are being paid, the financial services ombudsman has told a complainant...
Industry profit, underwriting result drop
31 August 2026
The life industry made a $318 million after-tax net profit from continuing operations in the June quarter, down from $374 million a year earlier, according to a prudential update...
AFCA clears insurer’s response to communication error
31 August 2026
The industry ombudsman has backed a superannuation trustee that failed to tell a member a $225,000 increase in her total and permanent disability cover was subject to exclusions...
Asteron Life continues NZ board shuffle
31 August 2026
Asteron Life NZ has appointed four non-executive directors as parent Acenda Group moves to combine the insurer with Resolution Life New Zealand...
NZ activists seek end to genetic profiling in underwriting
31 August 2026
MPs passed legislative changes in 2024, but no follow-up consultation on regulations has occurred...
Monvia salutes big year for revenue, strategy
31 August 2026
Life insurance software provider Monvia says 2025-26 was “a defining year” as earnings outperformed expectations ahead of the business listing last month on the Australian Securities Exchange...
NobleOak looks to ‘next growth phase’ as earnings surge
31 August 2026
NobleOak Life says growing partnerships is among its priorities in coming months as it builds on its FY26 financial performance...
GDG life business ‘delivers record year’
31 August 2026
Financial services company Generation Development Group has posted a 21% rise in full-year underlying net profit to $40.7 million and a 23% increase in revenue to $178.7 million...
TAL joins skin cancer awareness drive
31 August 2026
The Cancer Council and TAL will roll out a youth-focused sun safety media campaign in November under a new three-year partnership tackling skin cancer...
‘Big step’: Mulino moves on new class of adviser
24 August 2026
A new class of life adviser will be created under the federal government’s Delivering Better Financial Outcomes reform...
Zurich upbeat after sealing deal on ClearView
24 August 2026
Zurich says finalising its acquisition of ClearView Wealth is an “exciting moment” for the insurer...
Adviser’s non-disclosure put policyholder at risk: AFCA
24 August 2026
An advice company that did not disclose a client’s medical history when arranging insurance must compensate the woman after her claim was denied...
Challenger earnings rise on strong life sales
24 August 2026
Listed wealth manager Challenger has posted a full-year normalised net profit after tax of $468 million, up 3% on 2024-25...
TAL elevates GM to chief customer officer
24 August 2026
TAL consumer and growth GM Alexis Denby will become chief customer and health officer from October 1...
AIA teams with Beyond Blue on mental health intervention
24 August 2026
AIA has announced a partnership with mental health advocate and support group Beyond Blue...