St Andrew’s to buy industry admin provider
06 October 2025
St Andrew’s Insurance Group says its purchase of Aegon Insights Australia will enhance its position in the life market...
Life Insurance
Genetic results ban out for feedback
29 September 2025
The federal government is consulting on draft laws banning the use of genetic test results in life insurance underwriting...
Super fund had to cancel cover, AFCA rules
29 September 2025
The financial services ombudsman has backed an insurer that cancelled death benefit cover under the Protecting Your Super reforms without informing the policyholder...
ASIC removes adviser’s licence
29 September 2025
The corporate regulator has cancelled a financial services licence after its holder failed to have Australian Financial Complaints Authority membership...
Super trustee penalised over coverage notifications
29 September 2025
Fund trustee Retail Employees Superannuation has been hit with two infringement penalties totalling $37,560 for allegedly making false or misleading insurance representations to members...
Acenda TPD option offers ‘clarity, consistency’
29 September 2025
Acenda has added to its total and permanent disability line-up with the launch of TPD Severity cover...
Cricket stars to speak at adviser conference
29 September 2025
Retired cricketers Adam Gilchrist and Mel Jones will speak at the closing session of the Financial Advice Association Australia annual conference in November...
Review finds code breaches on mental illness
22 September 2025
Some life insurers still apply blanket mental health exclusions, flouting the industry’s code of practice, a review has found...
AFCA seeks feedback on misrepresentation approach
22 September 2025
The financial services ombudsman has drafted new guidance on its handling of life insurance disputes related to the duty to take reasonable care not to make misrepresentations...
Industry needs ‘different playbook’ for under-40s
22 September 2025
About 68% of consumers aged under 40 in Australia and other advanced markets see life insurance as essential but are not acting on it, a report co-authored by consultant Capgemini has found...
Builder exaggerated condition to score income coverage
22 September 2025
A builder who received income protection payouts then made promotional videos for social media and was filmed playing tennis has lost a complaint before the financial services ombudsman...
PPS director takes top seat
22 September 2025
Specialist life insurer PPS says director Anthony Asher will become its next chair, replacing the retiring Mike Jackson...
Zurich loan cover ‘combines life, income protection’
15 September 2025
Zurich has launched Home Loan Protection, a cover that automatically adjusts its premiums as an insured’s mortgage is reduced...
AMP reaches deal with insurers after claim row
15 September 2025
AMP has received about $44 million from insurance claims to cover historical remediation programs that ended in 2022...
Payout rejected after claimant denied having tests
15 September 2025
Hannover Life Re does not have to pay a terminal illness benefit after it showed a policyholder did not answer questions correctly when applying for cover...
FSC hands out industry awards
15 September 2025
The Financial Services Council of New Zealand named the winners of its annual excellence awards last week...
Spread compo scheme charge across sectors, advisers say
08 September 2025
Financial advisers say a planned special levy to plug a gap in Compensation Scheme of Last Resort funding should be “spread as broadly as possible” across subsectors...
Insurer told to pay interest on delayed TPD payout
08 September 2025
The industry ombudsman has overturned decisions by an insurer and superannuation fund trustee after the former took too long to pay a claim...
Minister to address FAAA conference
08 September 2025
Daniel Mulino will speak at Financial Advice Association Australia’s annual conference in November...
CALI opens female adviser grant program
08 September 2025
The Council of Australian Life Insurers has opened applications for its ReCALIbrate program promoting opportunities for women in financial risk advice...