General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/life-insurance/judges-reject-watchdog-s-appeal-over-unfair-contract-term-decisionhttps://www.insurancenews.com.au/life-insurance/judges-reject-watchdog-s-appeal-over-unfair-contract-term-decision<p>The corporate regulator has lost its appeal against a Federal Court ruling that a pre-existing condition clause in some HCF Life products did not breach unfair contract term laws...</p>Mon, 22 Jun 2026 04:34:19 GMThttps://www.insurancenews.com.au/regulatory-government/apra-warns-on-readiness-in-a-volatile-unpredictable-worldhttps://www.insurancenews.com.au/regulatory-government/apra-warns-on-readiness-in-a-volatile-unpredictable-world<p>The prudential regulator has written to insurers, banks and superannuation funds setting out minimum expectations for managing geopolitical shocks, after indentifying readiness gaps...</p>Mon, 22 Jun 2026 04:09:31 GMThttps://www.insurancenews.com.au/regulatory-government/arpc-appoints-next-underwriting-chiefhttps://www.insurancenews.com.au/regulatory-government/arpc-appoints-next-underwriting-chief<p>The Australian Reinsurance Pool Corporation has named Cameron Hick as chief underwriting officer...</p>Mon, 22 Jun 2026 04:07:52 GMThttps://www.insurancenews.com.au/regulatory-government/state-presses-on-with-decennial-insurance-for-defectshttps://www.insurancenews.com.au/regulatory-government/state-presses-on-with-decennial-insurance-for-defects<p>Victoria will continue developing regulations for a decennial insurance scheme for apartment building defects after the state&rsquo;s upper house passed the required legislation last week...</p>Mon, 22 Jun 2026 04:03:23 GMThttps://www.insurancenews.com.au/regulatory-government/audit-office-slams-slow-start-to-resilient-homes-schemehttps://www.insurancenews.com.au/regulatory-government/audit-office-slams-slow-start-to-resilient-homes-scheme<p>&ldquo;Key elements of planning were not undertaken for the programs prior to their commencement, which had a significant impact on their ongoing implementation and led to delays,&rdquo; an Audit Office report says...</p>Mon, 22 Jun 2026 04:02:02 GMThttps://www.insurancenews.com.au/life-insurance/company-warned-over-358-claims-handling-breacheshttps://www.insurancenews.com.au/life-insurance/company-warned-over-358-claims-handling-breaches<p>An unnamed life insurer has been sanctioned over &ldquo;significant&rdquo; claim processing delays that in some cases stretched to more than eight months...</p>Mon, 22 Jun 2026 03:54:26 GMThttps://www.insurancenews.com.au/life-insurance/technology-cutting-claim-times-tal-sayshttps://www.insurancenews.com.au/life-insurance/technology-cutting-claim-times-tal-says<p>TAL says it paid $4.7 billion in benefits to 57,000 customers in the year to March 31, with &ldquo;living insurance&rdquo; claims accounting for 75% of sum...</p>Mon, 22 Jun 2026 03:54:15 GMThttps://www.insurancenews.com.au/regulatory-government/regulators-move-to-streamline-far-reportinghttps://www.insurancenews.com.au/regulatory-government/regulators-move-to-streamline-far-reporting<p>The prudential and corporate watchdogs are consulting on measures to ease the regulatory burden on insurance, banking and superannuation entities...</p>Mon, 22 Jun 2026 03:53:12 GMThttps://www.insurancenews.com.au/regulatory-government/sira-begins-hunt-for-next-chiefhttps://www.insurancenews.com.au/regulatory-government/sira-begins-hunt-for-next-chief<p>The NSW State Insurance Regulatory Authority is searching for a new CEO after announcing the departure of Mandy Young last month...</p>Mon, 22 Jun 2026 03:52:58 GMThttps://www.insurancenews.com.au/the-professional/gt-recruits-qbe-manager-as-operations-chiefhttps://www.insurancenews.com.au/the-professional/gt-recruits-qbe-manager-as-operations-chief<p>Allianz subsidiary GT Insurance says Arron Mann, most recently QBE&rsquo;s short-tail claims GM, has joined as COO...</p>Mon, 22 Jun 2026 03:52:34 GMThttps://www.insurancenews.com.au/the-professional/using-ai-to-cut-costs-an-ineffective-sugar-hit-pw-chttps://www.insurancenews.com.au/the-professional/using-ai-to-cut-costs-an-ineffective-sugar-hit-pw-c<p>PwC has analysed more than 1 billion job adverts worldwide and found businesses that &ldquo;think big&rdquo; achieve the greatest gains from AI...</p>Mon, 22 Jun 2026 03:52:24 GMThttps://www.insurancenews.com.au/the-professional/apig-conference-casts-eye-over-present-and-futurehttps://www.insurancenews.com.au/the-professional/apig-conference-casts-eye-over-present-and-future<p>The Australasian Professional Indemnity Group&rsquo;s annual conference will examine the state of the market and the evolving risk landscape...</p>Mon, 22 Jun 2026 03:52:13 GMThttps://www.insurancenews.com.au/the-professional/anziif-holds-liability-conferencehttps://www.insurancenews.com.au/the-professional/anziif-holds-liability-conference<p>The Australian and New Zealand Institute of Insurance and Finance will host a liability conference in Auckland on Wednesday...</p>Mon, 22 Jun 2026 03:52:00 GMThttps://www.insurancenews.com.au/local/insurers-respond-to-revised-gulf-travel-warninghttps://www.insurancenews.com.au/local/insurers-respond-to-revised-gulf-travel-warning<p>Travel insurers have made coverage updates after the federal government lowered its risk assessment for the Middle East...</p>Mon, 22 Jun 2026 03:43:03 GMThttps://www.insurancenews.com.au/local/el-nino-tipped-to-persist-through-yearhttps://www.insurancenews.com.au/local/el-nino-tipped-to-persist-through-year<p>An El Nino under way in the tropical Pacific Ocean is likely to strengthen and continue until at least the end of the year, the Bureau of Meteorology says...</p>Mon, 22 Jun 2026 03:42:55 GMThttps://www.insurancenews.com.au/local/partner-cleared-to-sue-over-2005-crash-deathhttps://www.insurancenews.com.au/local/partner-cleared-to-sue-over-2005-crash-death<p>A woman whose partner died in a motorcycle accident more than 20 years ago can pursue the bike owner&rsquo;s compulsory third party insurer for compensation, a court has ruled...</p>Mon, 22 Jun 2026 03:42:46 GMThttps://www.insurancenews.com.au/local/modest-increase-in-contents-replacement-costs-lags-cpihttps://www.insurancenews.com.au/local/modest-increase-in-contents-replacement-costs-lags-cpi<p>Contents replacement costs have increased at less than one-third the rate of headline inflation due to differences in their drivers, an annual report by data firm Sum Insured says...</p>Mon, 22 Jun 2026 03:42:33 GMThttps://www.insurancenews.com.au/corporate/iag-takes-stake-in-modular-builderhttps://www.insurancenews.com.au/corporate/iag-takes-stake-in-modular-builder<p>IAG&rsquo;s Firemark Ventures has invested in Melbourne modular builder Spacecube after a pilot of its units as claimant accommodation in Victoria after January bushfires...</p>Mon, 22 Jun 2026 03:42:16 GMThttps://www.insurancenews.com.au/corporate/bidders-tipped-to-scrutinise-steadfast-network-structurehttps://www.insurancenews.com.au/corporate/bidders-tipped-to-scrutinise-steadfast-network-structure<p>Steadfast&rsquo;s relationship-driven broking network arrangements will be closely examined by the Amwins and Dragoneer consortium as it considers firming its bid for the group, Macquarie Equity Research says...</p>Mon, 22 Jun 2026 03:42:08 GMThttps://www.insurancenews.com.au/corporate/aviva-s-probitas-1492-syndicate-rebrandshttps://www.insurancenews.com.au/corporate/aviva-s-probitas-1492-syndicate-rebrands<p>Lloyd&rsquo;s syndicate Probitas 1492 will be rebranded as Aviva Syndicates across all communications, systems and market interactions from October...</p>Mon, 22 Jun 2026 03:41:57 GMT