insuranceNEWS.com.au - Life Insurance

Mulino wants ‘guard rails’ on next advice overhaul

Mon, 20 Oct 2025 00:23:14 GMT

Consumer protections are critical as the federal government works through the next phase of advice reforms, Financial Services Minister Daniel Mulino says...

Code review reaches ‘important’ consultation phase

Mon, 20 Oct 2025 00:22:21 GMT

Life insurers, consumer advocates and other stakeholders have until December 15 to provide feedback on ways to improve the industry code...

APRA finds leading cause of reversed trauma claims

Mon, 20 Oct 2025 00:22:08 GMT

“Incorrect outcomes” led to 53% of reversed decisions on trauma claims and 48% of overturned claims in disability income, the prudential regulator’s latest data shows...

Challenger upbeat after Q1 momentum

Mon, 20 Oct 2025 00:21:50 GMT

Challenger is confident of meeting its earnings target after a strong start to this financial year...

Mutual hits profit-share milestone

Mon, 20 Oct 2025 00:21:39 GMT

PPS Mutual says more than $3.8 million was given to members under its profit-share arrangement in 2024-25...

Industry to draw up mental health assessment guide

Mon, 13 Oct 2025 03:26:58 GMT

A new assessment framework for mental health claims will be drafted following consultation with consumer advocates, medical specialists and other stakeholders, the Council of Australian Life Insurers announced today...

AFCA rejects allegation of ‘oppressive, invalid’ price rises

Mon, 13 Oct 2025 03:26:43 GMT

An insured who argued premium increases on his income protection policy were unjust has lost a dispute before the financial ombudsman...

‘Role model’ advisers win conference grants

Mon, 13 Oct 2025 03:26:27 GMT

The Council of Australian Life Insurers has named the winners in its annual grant program for women in financial advice...

NZ advice body launches AI course

Mon, 13 Oct 2025 03:26:12 GMT

Financial Advice New Zealand will run a course for members to learn about using artificial intelligence in their work...

Watchdog to examine overturned claims trends

Mon, 06 Oct 2025 03:35:10 GMT

The life insurance code monitor will hold an inquiry into claims outcomes, focusing on cases where decisions have been reversed following a complaint...

Cbus settles over payout delays

Mon, 06 Oct 2025 03:35:00 GMT

Industry superannuation fund Cbus and its administrator MUFG Retirement Solutions have settled a lawsuit over delays processing death benefits and other life insurance claims...

Code must deliver ‘real benefits’, review head says

Mon, 06 Oct 2025 03:34:43 GMT

Former regulator Peter Kell has started reviewing the life industry’s code of practice and expects to release a consultation paper this month...

Life specialist cops ban over ‘deceptive conduct’

Mon, 06 Oct 2025 03:34:34 GMT

An adviser has been hit with an eight-year ban from the financial services industry after regulators found he engaged in deceptive behaviour when submitting life insurance applications for clients...

Claimant’s ‘therapeutic’ work costs her TPD benefit

Mon, 06 Oct 2025 03:34:24 GMT

A woman who made a total and permanent disability claim but continued working has lost a dispute before the financial services ombudsman...

Resolution recruits finance chief

Mon, 06 Oct 2025 03:33:32 GMT

Resolution Life has appointed Jeff Davies as CFO, replacing Jonathan Moss, who will become chief technical officer...

St Andrew’s to buy industry admin provider

Mon, 06 Oct 2025 03:33:18 GMT

St Andrew’s Insurance Group says its purchase of Aegon Insights Australia will enhance its position in the life market...

Genetic results ban out for feedback

Mon, 29 Sep 2025 04:15:12 GMT

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

Mon, 29 Sep 2025 04:14:32 GMT

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

Mon, 29 Sep 2025 04:14:22 GMT

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

Mon, 29 Sep 2025 04:14:10 GMT

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...