insuranceNEWS.com.au - Life Insurance

Mental illness strains safety net: actuaries

Mon, 03 Nov 2025 02:47:08 GMT

The Actuaries Institute has called for immediate action to reduce the burden of mental illness on the financial safety net that includes private life insurance and state-based workers’ compensation...

Nippon closes Resolution purchase

Mon, 03 Nov 2025 02:47:02 GMT

Nippon Life has completed its $US8.2 billion ($12.5 billion) purchase of Bermuda-based Resolution Life, including its operations in Australia and New Zealand...

St Andrew’s seals deal on industry admin provider

Mon, 03 Nov 2025 02:45:25 GMT

St Andrews’s Insurance Group has completed its acquisition of insurance administration services provider Aegon Insights Australia...

Annuity capital reforms a step forward, Challenger says

Mon, 03 Nov 2025 01:17:25 GMT

Australian wealth group Challenger says it backs the prudential regulator’s proposed changes to annuity capital settings...

APRA seeks more feedback on retirement product shake-up

Mon, 03 Nov 2025 01:17:12 GMT

The Australian Prudential Regulation Authority has launched a follow-up consultation paper on proposed capital settings for longevity products...

New board members join adviser peak body

Mon, 03 Nov 2025 01:16:55 GMT

Viridian joint CEO Glenn Calder and Marshan Consulting MD Ben Marshan have been elected to the Financial Advice Association Australia board...

Watchdog working with industry on TPD issues

Mon, 27 Oct 2025 04:10:09 GMT

The Australian Prudential Regulation Authority is in “active engagement” with the life industry to address challenges facing the total and permanent disability product line...

Acenda names leadership group

Mon, 27 Oct 2025 03:55:47 GMT

Acenda has finalised its group leadership team, which reports to CEO Chris de Bruin...

Firm flags tech solution to mental health claims

Mon, 27 Oct 2025 03:55:37 GMT

Advances in artificial intelligence and other technology could help life insurers address the growth in mental health claims, according to Konnect NET Australia head Sam Liebert...

Rise of the ‘silver economy’ to reshape life offerings

Mon, 27 Oct 2025 03:15:59 GMT

Growing concentration of wealth in the over-65 age group will drive product innovation in the life sector, Swiss Re says in a new report...

AIA challenges Australians to be world’s healthiest

Mon, 27 Oct 2025 03:15:50 GMT

AIA Australia has launched a campaign promoting healthier habits that improve physical, mental and financial wellbeing...

Mulino wants ‘guard rails’ on next advice overhaul

Mon, 20 Oct 2025 00:23:14 GMT

Consumer protections are critical as the federal government works through the next phase of advice reforms, Financial Services Minister Daniel Mulino says...

Code review reaches ‘important’ consultation phase

Mon, 20 Oct 2025 00:22:21 GMT

Life insurers, consumer advocates and other stakeholders have until December 15 to provide feedback on ways to improve the industry code...

APRA finds leading cause of reversed trauma claims

Mon, 20 Oct 2025 00:22:08 GMT

“Incorrect outcomes” led to 53% of reversed decisions on trauma claims and 48% of overturned claims in disability income, the prudential regulator’s latest data shows...

Challenger upbeat after Q1 momentum

Mon, 20 Oct 2025 00:21:50 GMT

Challenger is confident of meeting its earnings target after a strong start to this financial year...

Mutual hits profit-share milestone

Mon, 20 Oct 2025 00:21:39 GMT

PPS Mutual says more than $3.8 million was given to members under its profit-share arrangement in 2024-25...

Industry to draw up mental health assessment guide

Mon, 13 Oct 2025 03:26:58 GMT

A new assessment framework for mental health claims will be drafted following consultation with consumer advocates, medical specialists and other stakeholders, the Council of Australian Life Insurers announced today...

AFCA rejects allegation of ‘oppressive, invalid’ price rises

Mon, 13 Oct 2025 03:26:43 GMT

An insured who argued premium increases on his income protection policy were unjust has lost a dispute before the financial ombudsman...

‘Role model’ advisers win conference grants

Mon, 13 Oct 2025 03:26:27 GMT

The Council of Australian Life Insurers has named the winners in its annual grant program for women in financial advice...

NZ advice body launches AI course

Mon, 13 Oct 2025 03:26:12 GMT

Financial Advice New Zealand will run a course for members to learn about using artificial intelligence in their work...