insuranceNEWS.com.au - Life Insurance

Industry ‘rethinks’ offering as mental health claims soar

Mon, 14 Jul 2025 03:50:09 GMT

The Council of Australian Life Insurers warns the industry is being “pushed to the limits” amid a sharp rise in the number of people leaving work due to mental health conditions...

Claims compliance among code monitor focus areas

Mon, 14 Jul 2025 03:50:01 GMT

The Life Code Compliance Committee has outlined three key priorities in its 2025-26 work plan...

Australian premium tipped to grow 1.7%

Mon, 14 Jul 2025 03:49:48 GMT

Life premium growth in Australia and other advanced Asia-Pacific economies is expected to hit 0.4% this year and 1.1% next year, according to Swiss Re...

Ex-Zurich Australia CEO joins St Andrew’s board

Mon, 14 Jul 2025 03:49:31 GMT

St Andrew’s Insurance Group has appointed former Zurich executive Colin Morgan as a non-executive director...

Zurich wins ‘preferred insurer’ race for group contract

Mon, 14 Jul 2025 03:05:08 GMT

Zurich will provide group insurance to Australian Retirement Trust customers with Super Savings accounts...

Profession renews warning on compensation scheme costs

Mon, 07 Jul 2025 03:46:20 GMT

The personal financial advice sector’s share of the Compensation Scheme of Last Resort levy has been reduced by about $2.8 million under revised estimates for this financial year...

Ex-wealth adviser guilty of ‘very serious’ contempt

Mon, 07 Jul 2025 03:46:05 GMT

Former wealth adviser Joshua Fuoco has been held in contempt of court for defying orders made in 2018 barring him from the industry for 10 years...

Adviser peak body seeks award nominees

Mon, 07 Jul 2025 03:45:46 GMT

Financial Advice Association Australia is accepting nominations for its annual excellence awards...

TAL sets out academy timetable

Mon, 07 Jul 2025 03:43:05 GMT

The TAL Risk Academy has released details of its half-year education program...

CommInsure class action heads to mediation

Mon, 30 Jun 2025 04:22:26 GMT

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

Mon, 30 Jun 2025 04:16:10 GMT

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

Mon, 30 Jun 2025 04:15:59 GMT

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

Mon, 30 Jun 2025 04:15:31 GMT

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

Mon, 23 Jun 2025 04:43:21 GMT

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’

Mon, 23 Jun 2025 04:43:07 GMT

TAL and Cover Genius have launched a “bite sized” embedded life insurance product in Australia, called Backd...

Acenda adds to board amid structural overhaul

Mon, 23 Jun 2025 04:42:56 GMT

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

Mon, 23 Jun 2025 04:42:41 GMT

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

Mon, 16 Jun 2025 04:41:22 GMT

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

Mon, 16 Jun 2025 04:41:13 GMT

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

Mon, 16 Jun 2025 04:41:03 GMT

The Australasian Life Underwriting and Claims Association has named the winners of its annual excellence awards...