insuranceNEWS.com.au - Life Insurance

ClearView shareholders back Zurich deal

Mon, 27 Jul 2026 05:12:09 GMT

About 93% of ClearView Wealth shareholders have voted in favour of Zurich’s $415 million buyout offer...

Failure to check all earnings is ‘insurer’s problem’

Mon, 27 Jul 2026 04:48:34 GMT

An insurer conducted an inadequate investigation of a policyholder’s earnings before alleging he made misrepresentations when applying for income protection cover, the financial services ombudsman has found...

Zurich hires former manager for claims role

Mon, 27 Jul 2026 04:48:27 GMT

Former Zurich claims manager Fifita Ngaue has rejoined the insurer as Australian senior head of retail life claims...

WTW, Willis Re team up on life practice

Mon, 27 Jul 2026 04:47:44 GMT

Willis Re has launched a global life reinsurance practice offering independent advisory and broking services to life insurers, reinsurers, and pension and annuity providers...

AFCA sets bar for benefit recovery in IP row

Mon, 20 Jul 2026 04:54:38 GMT

Recovery of paid benefits is a “significant step” and “only available to an insurer in extraordinary circumstances”, the financial services ombudsman says in a dispute ruling...

Insurer called out over failure to connect with rejected applicants

Mon, 20 Jul 2026 04:54:29 GMT

The industry has been reminded to contact customers through multiple channels after a life insurer failed to notify applicants of its decisions not to offer cover...

Advisers slam ‘crippling’ ASIC levy

Mon, 20 Jul 2026 04:54:22 GMT

Financial Advice Association Australia has hit out at the corporate regulator over a projected rise in 2025-26 levies...

CALI renews push for advice reforms

Mon, 20 Jul 2026 04:54:12 GMT

Only one in three Australians understands their life insurance and the benefits provided, a survey by the industry peak body has found...

Longer lives mean longer illnesses, study shows

Mon, 13 Jul 2026 04:34:59 GMT

Australians are living longer but spending more of their later years managing chronic illness, according to research from life insurer Zurich...

Sales commissions cut from income calculation, AFCA finds

Mon, 13 Jul 2026 04:34:50 GMT

An insurer does not have to include a claimant’s sales commission earnings when calculating his income protection payments, the financial services ombudsman has ruled...

Future2 grant applications open

Mon, 13 Jul 2026 04:34:30 GMT

Nominations have opened for this year’s Future2 grants program supporting community projects that improve financial wellbeing and literacy...

Kell points to ‘path forward’ on mental health after code review

Mon, 06 Jul 2026 05:10:22 GMT

Code changes alone will not address mental health claim cost pressures, Peter Kell has warned in wrapping up his review of the Life Insurance Code of Practice...

Policyholder wasn’t warned about the risk of reducing cover

Mon, 06 Jul 2026 05:10:13 GMT

A man who reduced his trauma cover but then wanted a higher claim payment has won a dispute before the financial services ombudsman, which says the insurer was partly responsible for a misunderstanding...

Awards recognise life advice

Mon, 06 Jul 2026 05:10:01 GMT

Financial Advice Association Australia has introduced a risk adviser category in its awards program this year, recognising the growing importance of specialist life insurance guidance...

Fund that charged dead members cops $10m penalty

Mon, 29 Jun 2026 04:47:08 GMT

The Federal Court has ordered Mercer Super to pay $10.3 million in penalties for failing to tell the corporate regulator about its internal investigations into significant issues...

Cancer serious but falls short of policy definition

Mon, 29 Jun 2026 04:46:58 GMT

A claimant who argued his life insurer’s definition of cancer was too narrow has lost his bid for benefits...

ASIC review finds ‘deeply concerning’ super trustee flaws

Mon, 29 Jun 2026 04:46:47 GMT

Superannuation trustees are failing to protect members’ retirement savings from harmful advice fees and inappropriate investments, the corporate regulator has found...

Code committee appoints new consumer rep

Mon, 29 Jun 2026 04:46:29 GMT

Consumer Action Law Centre managing lawyer Anna Meulman will join the Life Insurance Code Compliance Committee from Wednesday...

Allianz Retire+ welcomes pick-up in guaranteed income business

Mon, 29 Jun 2026 04:46:14 GMT

Allianz Retire+ says its AGILE product has enjoyed “strong momentum” after changes were made to the annuity offering...

Judges reject watchdog’s appeal over unfair contract term decision

Mon, 22 Jun 2026 04:34:19 GMT

The corporate regulator has lost its appeal against a Federal Court ruling that a pre-existing condition clause in some HCF Life products did not breach unfair contract term laws...