insuranceNEWS.com.au - Life Insurance

Key lines, investment income lift industry result

Mon, 01 Sep 2025 04:50:00 GMT

The life industry made an after-tax profit of $360 million in the June quarter, up from $116 million a year earlier, as key products delivered higher earnings...

NZ regulator warns of rise in advice fraud

Mon, 01 Sep 2025 04:49:51 GMT

A financial adviser accused of fraudulently applying for life and health insurance for non-existent people has had his licence cancelled...

ClearView upbeat after repricing legacy products

Mon, 01 Sep 2025 04:49:44 GMT

Life insurer ClearView Wealth expects to do better this financial year after posting a drop in 2024-25 earnings...

CALI flags ‘flow-on effects’ from NSW workers’ comp overhaul

Mon, 01 Sep 2025 04:49:34 GMT

Life insurers have warned of adverse claims impacts under proposed reforms to the NSW workers’ compensation scheme...

Industry on notice after ASIC review

Mon, 25 Aug 2025 04:20:41 GMT

The life industry is under pressure after an Australian Securities and Investments Commission review found “notable deficiencies” in the way products are sold direct to consumers...

Group premiums continue to climb amid challenges

Mon, 25 Aug 2025 04:20:07 GMT

Premiums on group life insurance policies with long-term benefit periods increased 15%-25% on average in the first half, according to a Marsh Australian mid-year market update...

NZ advisers salute code update

Mon, 25 Aug 2025 04:19:52 GMT

Financial Advice New Zealand has hailed the new industry code as a “defining moment in the evolution of our profession”...

Actuaries launch product sustainability guide

Mon, 25 Aug 2025 04:19:44 GMT

The Actuaries Institute has prepared a sustainability guide for life insurance products...

Challenger profits as annuity demand grows

Mon, 25 Aug 2025 04:19:32 GMT

Australian wealth group Challenger has posted a 9% rise in normalised net profit after tax, which totalled $456 million for the year to June 30, in line with earnings guidance...

MetLife backs financial literacy program

Mon, 25 Aug 2025 04:19:19 GMT

The MetLife Foundation has made a $US110,00 ($169,685) contribution to the Financial Basics Community Foundation’s education program for disadvantaged young Australians...

Industry backs demand for action on mental health crisis

Mon, 18 Aug 2025 04:40:04 GMT

Life insurers have joined a mental health advocate in calling for the federal government to deliver on its $1 billion election promise to fund wellbeing initiatives...

Code monitor moves to avoid breach double-ups

Mon, 18 Aug 2025 04:39:55 GMT

The Life Code Compliance Committee has set out its approach to breach reporting after insurers flagged concerns over duplication...

Truckie wins TPD payout 10 years after stopping work

Mon, 18 Aug 2025 04:39:44 GMT

AIA has to pay an injured truck driver’s total and permanent disability benefit after the industry ombudsman backed his claim...

Swiss Re platform ‘demonstrates potential’ for rollout

Mon, 18 Aug 2025 04:39:23 GMT

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

Mon, 11 Aug 2025 04:37:02 GMT

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

Mon, 11 Aug 2025 04:36:54 GMT

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

Mon, 11 Aug 2025 04:36:26 GMT

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

Mon, 11 Aug 2025 04:35:21 GMT

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

Mon, 04 Aug 2025 04:32:22 GMT

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

Mon, 04 Aug 2025 04:32:07 GMT

Financial Services Minister Daniel Mulino says legislation banning the use of genetic testing in insurance underwriting will be introduced “as soon as practicable”...