insuranceNEWS.com.au - Life InsuranceGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auCommInsure class action heads to mediationhttps://www.insurancenews.com.au/life-insurance/comm-insure-class-action-heads-to-mediationhttps://www.insurancenews.com.au/life-insurance/comm-insure-class-action-heads-to-mediation<p>A class action for life advice clients who allegedly paid &ldquo;excess premiums&rdquo; may settle by the fourth quarter of this year...</p>Mon, 30 Jun 2025 04:22:26 GMTFormer Westpac exec named Acenda Group chiefhttps://www.insurancenews.com.au/life-insurance/former-westpac-exec-named-acenda-group-chiefhttps://www.insurancenews.com.au/life-insurance/former-westpac-exec-named-acenda-group-chief<p>Acenda Group says Chris de Bruin will join as CEO after its acquisition of Resolution Life Australasia is completed...</p>Mon, 30 Jun 2025 04:16:10 GMTNZ regulator cancels adviser’s licencehttps://www.insurancenews.com.au/life-insurance/nz-regulator-cancels-adviser-s-licencehttps://www.insurancenews.com.au/life-insurance/nz-regulator-cancels-adviser-s-licence<p>Migrant-focused life adviser Filcare Services has had its permit to operate revoked after breaking its New Zealand licence obligations...</p>Mon, 30 Jun 2025 04:15:59 GMTBombora names new MD, chairhttps://www.insurancenews.com.au/life-insurance/bombora-names-new-md-chairhttps://www.insurancenews.com.au/life-insurance/bombora-names-new-md-chair<p>Bombora Advice says board member Niall McConville has been appointed MD, taking over from Wayne Handley, who will become executive chairman...</p>Mon, 30 Jun 2025 04:15:31 GMTCode watchdog slams insurer over rejection letter breachhttps://www.insurancenews.com.au/life-insurance/code-watchdog-slams-insurer-over-rejection-letter-breachhttps://www.insurancenews.com.au/life-insurance/code-watchdog-slams-insurer-over-rejection-letter-breach<p>The Life Code Compliance Committee has sanctioned an unnamed insurer over &ldquo;ambiguous and contradictory&rdquo; rejection letters sent to policy applicants...</p>Mon, 23 Jun 2025 04:43:21 GMTCover Genius, TAL combine to ‘level life cover playing field’https://www.insurancenews.com.au/life-insurance/cover-genius-tal-combine-to-level-life-cover-playing-fieldhttps://www.insurancenews.com.au/life-insurance/cover-genius-tal-combine-to-level-life-cover-playing-field<p>TAL and Cover Genius have launched a &ldquo;bite sized&rdquo; embedded life insurance product in Australia, called Backd...</p>Mon, 23 Jun 2025 04:43:07 GMTAcenda adds to board amid structural overhaulhttps://www.insurancenews.com.au/life-insurance/acenda-adds-to-board-amid-structural-overhaulhttps://www.insurancenews.com.au/life-insurance/acenda-adds-to-board-amid-structural-overhaul<p>Acenda Group has made four board appointments as it prepares for Resolution Life Australasia to become part of the business...</p>Mon, 23 Jun 2025 04:42:56 GMTGwen Fletcher award goes to Brisbane adviserhttps://www.insurancenews.com.au/life-insurance/gwen-fletcher-award-goes-to-brisbane-adviserhttps://www.insurancenews.com.au/life-insurance/gwen-fletcher-award-goes-to-brisbane-adviser<p>David Ormsby has won Financial Advice Association Australia&rsquo;s Gwen Fletcher Memorial Award for this year&rsquo;s first semester of industry studies...</p>Mon, 23 Jun 2025 04:42:41 GMTWatchdogs welcome removal of level, stepped premium labelshttps://www.insurancenews.com.au/life-insurance/watchdogs-welcome-removal-of-level-stepped-premium-labelshttps://www.insurancenews.com.au/life-insurance/watchdogs-welcome-removal-of-level-stepped-premium-labels<p>Life insurers have made progress improving re-rating practices, marketing and disclosure materials, and product governance, regulators say...</p>Mon, 16 Jun 2025 04:41:22 GMTFAAA upbeat on advice reforms after Mulino meetinghttps://www.insurancenews.com.au/life-insurance/faaa-upbeat-on-advice-reforms-after-mulino-meetinghttps://www.insurancenews.com.au/life-insurance/faaa-upbeat-on-advice-reforms-after-mulino-meeting<p>Assistant Treasurer Daniel Mulino is keen to complete the Albanese government&rsquo;s financial advice regulation overhaul, the peak body for advisers says after a meeting with the minister...</p>Mon, 16 Jun 2025 04:41:13 GMTALUCA reveals annual award winnershttps://www.insurancenews.com.au/life-insurance/aluca-reveals-annual-award-winnershttps://www.insurancenews.com.au/life-insurance/aluca-reveals-annual-award-winners<p>The Australasian Life Underwriting and Claims Association has named the winners of its annual excellence awards...</p>Mon, 16 Jun 2025 04:41:03 GMTASIC grants relief to address fee consent issuehttps://www.insurancenews.com.au/life-insurance/asic-grants-relief-to-address-fee-consent-issuehttps://www.insurancenews.com.au/life-insurance/asic-grants-relief-to-address-fee-consent-issue<p>The Australian Securities and Investments Commission has &ldquo;granted a limited no-action position&rdquo; to address an issue with advice fee written consent...</p>Mon, 16 Jun 2025 04:40:49 GMTAcenda streamlines sharing of medical infohttps://www.insurancenews.com.au/life-insurance/acenda-streamlines-sharing-of-medical-infohttps://www.insurancenews.com.au/life-insurance/acenda-streamlines-sharing-of-medical-info<p>Life insurer Acenda has created a new way for doctors to submit patient details...</p>Mon, 16 Jun 2025 04:39:55 GMTFinancial Advice NZ names new chairhttps://www.insurancenews.com.au/life-insurance/financial-advice-nz-names-new-chairhttps://www.insurancenews.com.au/life-insurance/financial-advice-nz-names-new-chair<p>Tiumalu Peter Fa&rsquo;afiu is the new chair of Financial Advice New Zealand...</p>Mon, 16 Jun 2025 04:39:36 GMTMetLife hails menopause support servicehttps://www.insurancenews.com.au/life-insurance/met-life-hails-menopause-support-servicehttps://www.insurancenews.com.au/life-insurance/met-life-hails-menopause-support-service<p>About 77% of customers who have used MetLife&rsquo;s menopause support service say it has helped them stay engaged in their professional and personal lives, according to the life insurer...</p>Mon, 16 Jun 2025 03:40:21 GMTIndividual DII maintains run of profitshttps://www.insurancenews.com.au/life-insurance/individual-dii-maintains-run-of-profitshttps://www.insurancenews.com.au/life-insurance/individual-dii-maintains-run-of-profits<p>Individual disability income insurance made an underwriting gain of $231 million in the three months to March, extending its profitable streak to five quarters, the latest prudential data shows...</p>Mon, 02 Jun 2025 03:58:51 GMTSuper fund agrees $67 million class action settlementhttps://www.insurancenews.com.au/life-insurance/super-fund-agrees-67-million-class-action-settlementhttps://www.insurancenews.com.au/life-insurance/super-fund-agrees-67-million-class-action-settlement<p>A class action alleging QSuper overcharged fund members for life insurance premiums has been settled out of court for $67 million, without admission of liability...</p>Mon, 02 Jun 2025 03:35:17 GMTTAL says mental health is biggest claims triggerhttps://www.insurancenews.com.au/life-insurance/tal-says-mental-health-is-biggest-claims-triggerhttps://www.insurancenews.com.au/life-insurance/tal-says-mental-health-is-biggest-claims-trigger<p>Mental health conditions have ranked as life insurer TAL&rsquo;s leading cause of claims for the fourth consecutive year...</p>Mon, 02 Jun 2025 03:35:07 GMTAdvisers welcome shadow ministry appointmentshttps://www.insurancenews.com.au/life-insurance/advisers-welcome-shadow-ministry-appointmentshttps://www.insurancenews.com.au/life-insurance/advisers-welcome-shadow-ministry-appointments<p>Advisers have welcomed the appointments of shadow treasurer Ted O&rsquo;Brien and shadow financial services minister Pat Conaghan...</p>Mon, 02 Jun 2025 03:34:53 GMTComplainants confused on stepped premiums, AFCA findshttps://www.insurancenews.com.au/life-insurance/complainants-confused-on-stepped-premiums-afca-findshttps://www.insurancenews.com.au/life-insurance/complainants-confused-on-stepped-premiums-afca-finds<p>The industry ombudsman has sided with Zurich in a dispute over stepped premium rises, ruling the complainants misunderstood their policy...</p>Mon, 26 May 2025 04:45:24 GMT