AFCA backs insurer over rejected breast cancer claims
02 September 2024
A woman who was diagnosed with two separate breast cancers will not be covered because the discoveries came days before her life policy’s qualifying period expired...
Life Insurance
APRA sets out life priorities in corporate plan
02 September 2024
Increasing the availability of life retirement products has been declared a strategic priority for the Australian Prudential Regulation Authority...
Insurer to compensate customers over time frame breaches
02 September 2024
An insurer has been ordered to compensate more than 900 policyholders after it failed to meet claims handling time frames under the Life Insurance Code of Practice...
TAL kicks on with AFLW partnership
02 September 2024
TAL says it will expand its partnership with the AFLW in the second year of its league sponsorship...
MetLife puts policy management at ‘fingertips’
02 September 2024
MetLife has launched an online tool for group insurance policyholders to access their cover...
ASIC turns spotlight on direct sales
26 August 2024
The Australian Securities and Investments Commission says “low-value” life products will be a focus area as it steps up scrutiny of the industry in coming months...
Industry profit rises in March quarter
26 August 2024
The life industry posted better results in the January-March period, according to Australian Prudential Regulation Authority statistics...
Demand shortfall hampering longevity products, APRA hears
26 August 2024
Life insurers discussed the key challenges in developing longevity solutions at an annual Australian Prudential Regulation Authority roundtable last month...
PPS Mutual ‘simplifies and accelerates’ applications
26 August 2024
Specialist life insurance company PPS Mutual has changed the application process for its Professionals Choice cover...
ClearView says profit jump underlines ‘pure life’ shift
26 August 2024
Financial services group ClearView Wealth says its full-year results show it is successfully changing into a “pure life” business...
Industry seeks applicants for adviser support program
26 August 2024
Applications have opened for the Council of Australian Life Insurers’ annual support program for mid-career female financial risk advisers...
PPS Mutual adds veteran actuary to board
26 August 2024
PPS Mutual has appointed actuarial expert Anthony Asher to its board of directors...
Adviser’s client pays for disclosure failure
19 August 2024
The complaints ombudsman has deemed a financial adviser responsible for a “minor” portion of losses suffered by a client who took his recommendation to switch to a lower-premium life policy...
Zurich mental health roundtable yields ‘rich discussion’
19 August 2024
Zurich has held its first mental health roundtable, discussing key trends and areas for greater collaboration in the life insurance industry...
‘Exceptional’ life results drive Challenger earnings
19 August 2024
Challenger has posted higher full-year earnings, supported by its core life business...
Pacific Life Re makes key regional appointments
19 August 2024
Pacific Life Re has made several appointments in its Australian and Asia-Pacific protection business...
‘Stretched too thin’: industry ramps up push for advice reforms
12 August 2024
The Council of Australian Life Insurers has released a report backing the industry’s long-running push for legislative changes governing the way it provides advice...
Zurich cover excludes athlete concussions amid brain injury link
12 August 2024
Zurich will no longer cover concussion-related injuries for people playing high-contact sports under changes to its Active product...
Super groups demand reforms to stop abusers cashing in
12 August 2024
Superannuation peak bodies have called for law changes to stop domestic abusers claiming their victims’ funds...
Dispute body to discuss group life trends at ANZIIF seminar
12 August 2024
The Australian Financial Complaints Authority will share group life insurance insights next month at an Australian and New Zealand Institute of Insurance and Finance event...