Truckie wins TPD payout 10 years after stopping work
18 August 2025
AIA has to pay an injured truck driver’s total and permanent disability benefit after the industry ombudsman backed his claim...
Life Insurance
Swiss Re platform ‘demonstrates potential’ for rollout
18 August 2025
Swiss Re sees global potential for its Underwriting Ease platform following feedback from life industry clients...
Insurer hit with capital measure over prudential risk concerns
11 August 2025
The prudential regulator has ordered KeyInvest to hold an additional $5.5 million in capital after it found shortcomings in the life insurer’s risk management framework...
Move to cut benefits came too late, AFCA says
11 August 2025
A life insurer has been ordered to pay compensation after threatening to reduce income protection benefits more than 11 years after a claim...
Acenda forms data partnership with UnderwriteMe
11 August 2025
Acenda has announced a collaboration with insurtech UnderwriteMe that will help the life insurer collect and process medical information...
TAL eyes simple way to win customers
11 August 2025
TAL has stepped up its marketing efforts, launching a new brand platform and simplifying the way it talks about life insurance so consumers understand how products work...
Peak body vows ‘transparent’ code review
04 August 2025
The Council of Australian Life Insurers says it is committed to a “transparent and inclusive” review of its industry code of practice, to be led by former regulator Peter Kell...
Genetic test ban on the way, Mulino says
04 August 2025
Financial Services Minister Daniel Mulino says legislation banning the use of genetic testing in insurance underwriting will be introduced “as soon as practicable”...
Treasury consults on last resort scheme funding
04 August 2025
Federal Treasury has launched a consultation on ways to address a funding shortfall in the Compensation Scheme of Last Resort...
TAL secures stake in Challenger
04 August 2025
TAL has become a minority shareholder in Australian wealth group Challenger...
Research shows young Australians falling into advice gap
28 July 2025
The Council of Australian Life Insurers warns most young people are missing out on financial advice, despite growing demand...
Fund misled members on exclusions
28 July 2025
A mutual fund that said it was “clarifying” a list of excluded medical conditions misled members, the complaints authority says...
FSC consults on licence regime
28 July 2025
The Financial Services Council is seeking feedback on ways to improve the advice licensing framework...
Acenda names CFO, risk chief under Resolution move
28 July 2025
Acenda Group has appointed Yvonne Le Bas and Karen Malzard as CFO and chief risk officer respectively...
AIA names new risk leader
28 July 2025
Susan Looi has joined AIA Australia as chief risk officer, bringing 25 years’ experience in financial services to the role...
PPS expands Victorian presence
28 July 2025
PPS Mutual has appointed Merle Kahn as business development manager for Victoria, as part of a national expansion...
Consumer advocate seeks ‘root and branch’ review of group cover
21 July 2025
Super Consumers Australia has called for an inquiry into group insurance amid a rise in mental health claims...
Market at ‘pivotal juncture’ as challenges mount
21 July 2025
Demographic shifts and economic forces are reshaping the Australian life industry, presenting opportunities for insurers, according to GlobalData...
Payment cut-off with no warning unfair, AFCA finds
21 July 2025
Life insurers have been reminded to give customers a chance to respond before cutting off their benefits...
Industry trio partner on retirement solution
21 July 2025
Insignia Financial brand MLC has partnered with TAL and wealth group Challenger to establish a “centre of excellence” for its Retirement Boost product...