insuranceNEWS.com.au - Life Insurance

Challenger turns down $7.9b takeover pitch

Mon, 26 Oct 2026 04:13:32 GMT

Challenger has rejected a buyout proposal from Daiichi Life Group, saying the $11.80-per-stock offer “is not at a level it could recommend to shareholders”...

Ombudsman sees no let-up in funeral cover complaints

Mon, 26 Oct 2026 03:51:55 GMT

The Australian Financial Complaints Authority has pressed funeral insurance providers to communicate clearly with policyholders...

Service calls used to push funeral policy upgrades, AFCA finds

Mon, 26 Oct 2026 03:51:48 GMT

An insurer did not mis-sell a funeral policy at inception but over following years unfairly pressured a man to increase his cover, the financial services ombudsman has ruled...

Consumer group attacks super funds over claim wait times

Mon, 26 Oct 2026 03:51:27 GMT

Superannuation fund trustees take too long to process claim payouts, falling short of member expectations, according to a consumer group...

Adviser stripped of registration

Mon, 26 Oct 2026 03:50:57 GMT

New South Wales financial adviser Evan Byrnes has had his registration cancelled for ethics breaches, the Australian Securities and Investments Commission says...

Challenger weighs Daiichi’s $7.9b takeover offer

Mon, 19 Oct 2026 04:11:19 GMT

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

Mon, 19 Oct 2026 04:11:10 GMT

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

Mon, 19 Oct 2026 04:11:03 GMT

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

Mon, 19 Oct 2026 04:10:53 GMT

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

Mon, 19 Oct 2026 04:10:46 GMT

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’

Mon, 12 Oct 2026 04:30:40 GMT

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

Mon, 12 Oct 2026 03:32:08 GMT

“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

Mon, 12 Oct 2026 03:31:59 GMT

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

Mon, 12 Oct 2026 03:31:37 GMT

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

Mon, 12 Oct 2026 03:27:57 GMT

WIP Group head of growth Damien Davie has been promoted to chief partnerships officer...

PPS hires state BDM

Mon, 12 Oct 2026 03:27:36 GMT

PPS Mutual has appointed Maria Repac as business development manager for NSW...

Allianz, AIA partner on ‘solution to retirement puzzle’

Mon, 12 Oct 2026 03:27:29 GMT

AIA and Allianz say they have teamed up to address Australia’s retirement challenge...

Genetic test ban kicks in after lengthy reform push

Thu, 08 Oct 2026 05:17:25 GMT

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

Mon, 05 Oct 2026 04:16:33 GMT

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

Mon, 05 Oct 2026 04:14:02 GMT

The Life Code Compliance Committee is “carefully” examining proposed measures that will have a bearing on its oversight of the industry...