Group premium class action to settle for $140 million
10 November 2025
The parties in a class action over alleged overcharging of group insurance premiums have agreed to an in-principle settlement of $140 million...
Life Insurance
Charges lawsuit reaches $22.5 million settlement
10 November 2025
Life advice clients who alleged they were charged excess premiums have secured an in-principle settlement of $22.5 million, their law firm Shine Lawyers says...
Advice gap, psychological issues pile pressure on nation: CALI
10 November 2025
Australia’s financial safety net is straining under the weight of mental health costs, according to research commissioned by the Council of Australian Life Insurers...
Stroke victim denied payout over ‘forgotten’ heart checks
10 November 2025
A life policyholder who did not disclose cardiology tests has lost a dispute with his insurer before New Zealand’s insurance ombudsman...
TAL teams up to help those who ‘slip through the cracks’
10 November 2025
TAL has partnered with mental health service provider SANE to support more vulnerable Australians...
ClearView ‘well placed’ after transformation program
10 November 2025
ClearView Wealth says it has entered a new growth phase after exiting wealth management to focus on being a life insurer...
Adviser urges reform to tap youth market
10 November 2025
A minimum commission to cover advisers’ costs and quicker application processes could widen access to life insurance for young people, according to Bombora Advice MD Niall McConville...
Mental illness strains safety net: actuaries
03 November 2025
The Actuaries Institute has called for immediate action to reduce the burden of mental illness on the financial safety net that includes private life insurance and state-based workers’ compensation...
Nippon closes Resolution purchase
03 November 2025
Nippon Life has completed its $US8.2 billion ($12.5 billion) purchase of Bermuda-based Resolution Life, including its operations in Australia and New Zealand...
St Andrew’s seals deal on industry admin provider
03 November 2025
St Andrews’s Insurance Group has completed its acquisition of insurance administration services provider Aegon Insights Australia...
Annuity capital reforms a step forward, Challenger says
03 November 2025
Australian wealth group Challenger says it backs the prudential regulator’s proposed changes to annuity capital settings...
APRA seeks more feedback on retirement product shake-up
03 November 2025
The Australian Prudential Regulation Authority has launched a follow-up consultation paper on proposed capital settings for longevity products...
New board members join adviser peak body
03 November 2025
Viridian joint CEO Glenn Calder and Marshan Consulting MD Ben Marshan have been elected to the Financial Advice Association Australia board...
Watchdog working with industry on TPD issues
27 October 2025
The Australian Prudential Regulation Authority is in “active engagement” with the life industry to address challenges facing the total and permanent disability product line...
Acenda names leadership group
27 October 2025
Acenda has finalised its group leadership team, which reports to CEO Chris de Bruin...
Firm flags tech solution to mental health claims
27 October 2025
Advances in artificial intelligence and other technology could help life insurers address the growth in mental health claims, according to Konnect NET Australia head Sam Liebert...
Rise of the ‘silver economy’ to reshape life offerings
27 October 2025
Growing concentration of wealth in the over-65 age group will drive product innovation in the life sector, Swiss Re says in a new report...
AIA challenges Australians to be world’s healthiest
27 October 2025
AIA Australia has launched a campaign promoting healthier habits that improve physical, mental and financial wellbeing...
Mulino wants ‘guard rails’ on next advice overhaul
20 October 2025
Consumer protections are critical as the federal government works through the next phase of advice reforms, Financial Services Minister Daniel Mulino says...
Code review reaches ‘important’ consultation phase
20 October 2025
Life insurers, consumer advocates and other stakeholders have until December 15 to provide feedback on ways to improve the industry code...