Life Insurance
CommInsure class action heads to mediation
30 June 2025
A class action for life advice clients who allegedly paid “excess premiums” may settle by the fourth quarter of this year...
Former Westpac exec named Acenda Group chief
30 June 2025
Acenda Group says Chris de Bruin will join as CEO after its acquisition of Resolution Life Australasia is completed...
NZ regulator cancels adviser’s licence
30 June 2025
Migrant-focused life adviser Filcare Services has had its permit to operate revoked after breaking its New Zealand licence obligations...
Bombora names new MD, chair
30 June 2025
Bombora Advice says board member Niall McConville has been appointed MD, taking over from Wayne Handley, who will become executive chairman...
Code watchdog slams insurer over rejection letter breach
23 June 2025
The Life Code Compliance Committee has sanctioned an unnamed insurer over “ambiguous and contradictory” rejection letters sent to policy applicants...
Cover Genius, TAL combine to ‘level life cover playing field’
23 June 2025
TAL and Cover Genius have launched a “bite sized” embedded life insurance product in Australia, called Backd...
Acenda adds to board amid structural overhaul
23 June 2025
Acenda Group has made four board appointments as it prepares for Resolution Life Australasia to become part of the business...
Gwen Fletcher award goes to Brisbane adviser
23 June 2025
David Ormsby has won Financial Advice Association Australia’s Gwen Fletcher Memorial Award for this year’s first semester of industry studies...
Watchdogs welcome removal of level, stepped premium labels
16 June 2025
Life insurers have made progress improving re-rating practices, marketing and disclosure materials, and product governance, regulators say...
FAAA upbeat on advice reforms after Mulino meeting
16 June 2025
Assistant Treasurer Daniel Mulino is keen to complete the Albanese government’s financial advice regulation overhaul, the peak body for advisers says after a meeting with the minister...
ALUCA reveals annual award winners
16 June 2025
The Australasian Life Underwriting and Claims Association has named the winners of its annual excellence awards...
ASIC grants relief to address fee consent issue
16 June 2025
The Australian Securities and Investments Commission has “granted a limited no-action position” to address an issue with advice fee written consent...
Acenda streamlines sharing of medical info
16 June 2025
Life insurer Acenda has created a new way for doctors to submit patient details...
Financial Advice NZ names new chair
16 June 2025
Tiumalu Peter Fa’afiu is the new chair of Financial Advice New Zealand...
MetLife hails menopause support service
16 June 2025
About 77% of customers who have used MetLife’s menopause support service say it has helped them stay engaged in their professional and personal lives, according to the life insurer...
Individual DII maintains run of profits
02 June 2025
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...
Super fund agrees $67 million class action settlement
02 June 2025
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...
TAL says mental health is biggest claims trigger
02 June 2025
Mental health conditions have ranked as life insurer TAL’s leading cause of claims for the fourth consecutive year...
Advisers welcome shadow ministry appointments
02 June 2025
Advisers have welcomed the appointments of shadow treasurer Ted O’Brien and shadow financial services minister Pat Conaghan...
Complainants confused on stepped premiums, AFCA finds
26 May 2025
The industry ombudsman has sided with Zurich in a dispute over stepped premium rises, ruling the complainants misunderstood their policy...