insuranceNEWS.com.au - Life Insurance

Mental health claims ‘too hard, too slow’, AFCA warns

Mon, 10 Nov 2025 03:50:57 GMT

The life industry must step up as mental health claims continue to rise, the Australian Financial Complaints Authority told a member forum last week...

Group premium class action to settle for $140 million

Mon, 10 Nov 2025 03:50:47 GMT

The parties in a class action over alleged overcharging of group insurance premiums have agreed to an in-principle settlement of $140 million...

Charges lawsuit reaches $22.5 million settlement

Mon, 10 Nov 2025 03:50:39 GMT

Life advice clients who alleged they were charged excess premiums have secured an in-principle settlement of $22.5 million, their law firm Shine Lawyers says...

Advice gap, psychological issues pile pressure on nation: CALI

Mon, 10 Nov 2025 03:50:28 GMT

Australia’s financial safety net is straining under the weight of mental health costs, according to research commissioned by the Council of Australian Life Insurers...

Stroke victim denied payout over ‘forgotten’ heart checks

Mon, 10 Nov 2025 03:50:16 GMT

A life policyholder who did not disclose cardiology tests has lost a dispute with his insurer before New Zealand’s insurance ombudsman...

TAL teams up to help those who ‘slip through the cracks’

Mon, 10 Nov 2025 03:49:47 GMT

TAL has partnered with mental health service provider SANE to support more vulnerable Australians...

ClearView ‘well placed’ after transformation program

Mon, 10 Nov 2025 03:49:39 GMT

ClearView Wealth says it has entered a new growth phase after exiting wealth management to focus on being a life insurer...

Adviser urges reform to tap youth market

Mon, 10 Nov 2025 03:49:08 GMT

A minimum commission to cover advisers’ costs and quicker application processes could widen access to life insurance for young people, according to Bombora Advice MD Niall McConville...

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...