insuranceNEWS.com.au - Life Insurance

Union takes on Acenda over ‘chaotic’ job cuts

Mon, 16 Mar 2026 03:15:42 GMT

More than 200 Acenda employees have been laid off following the merger last year of the MLC Life and Resolution Life Australia operations, according to the Finance Sector Union...

Disability pension no offset against benefit: AFCA

Mon, 16 Mar 2026 03:15:36 GMT

An insurer cannot reduce a policyholder’s payments for being unable to work by offsetting them with a disability pension unrelated to work capacity, the complaints authority has ruled...

Advice group celebrates claims milestone

Mon, 16 Mar 2026 03:15:16 GMT

Specialist life adviser Australian Financial Risk Management says it has secured more than $400 million in claim payouts for clients since it launched in 1997...

‘Blunt super reforms harming members, families’

Mon, 09 Mar 2026 02:30:28 GMT

Reforms protecting super members from paying multiple account fees and unnecessary premiums have led to unintended consequences, the Association of Superannuation Funds of Australia says...

Bid to close abuser payout loophole in super laws

Mon, 09 Mar 2026 02:30:21 GMT

The federal government has proposed reforms to stop perpetrators of family violence from accessing their victims’ superannuation death benefits...

Widow denied payout over partner’s ‘reckless’ non-disclosures

Mon, 09 Mar 2026 02:30:09 GMT

Zurich has won a claim dispute by arguing it would not have provided death cover to a man if he had disclosed mental health conditions, other medical issues and drug use...

Insurer warned over medical info consent breach

Mon, 09 Mar 2026 02:30:00 GMT

An unnamed life insurer has been sanctioned for failing to obtain proper consent from customers to collect their medical details during underwriting...

Researchers help TAL overhaul mental health claims

Mon, 09 Mar 2026 02:29:42 GMT

TAL has formed a partnership with health researchers aiming to improve outcomes for customers with income protection claims related to mental illness...

Sydney adviser wins Gwen Fletcher prize

Mon, 09 Mar 2026 02:24:41 GMT

Financial Advice Association Australia has named Roland Xu the winner of its latest Gwen Fletcher Memorial Award...

Swiss Re names new Asia-Pacific life head

Mon, 09 Mar 2026 02:24:26 GMT

Swiss Re has appointed Tamas Brown to lead its Asia-Pacific life and health business from next month...

Industry underwriting gain rises

Mon, 02 Mar 2026 03:58:15 GMT

The life industry recorded an underwriting gain of $279 million in the December quarter, up sharply from $36 million a year earlier, according to Australian Prudential Regulation Authority data...

Shed builder’s injury claim collapses on missing proof

Mon, 02 Mar 2026 03:58:07 GMT

A policyholder has lost a dispute over accident insurance due to a lack of medical evidence supporting his injury claim...

Analysts expect more mergers in push for scale

Mon, 02 Mar 2026 03:57:57 GMT

The industry can expect more strategic mergers as life insurers respond to changes in the Australian market, according to an IBISWorld report...

MBS buys Honan life operation

Mon, 02 Mar 2026 03:57:31 GMT

Adviser MBS Insurance has acquired Marsh-owned Honan Insurance Group’s life business for an undisclosed amount...

Streamlined ClearView makes profit gains

Mon, 02 Mar 2026 03:57:20 GMT

Life insurer ClearView Wealth says its simplification drive helped raise first-half earnings...

Trustee misled policyholder, but coverage cut was fair

Mon, 23 Feb 2026 03:46:54 GMT

A policyholder who did not understand that a total and permanent disability payment reduced his death cover has lost a dispute over the matter...

Life sales lift Challenger H1 result

Mon, 23 Feb 2026 03:46:46 GMT

Australian wealth manager Challenger says its life business achieved an 11% rise in sales to $5.1 billion in the December half, driven by record annuity transactions...

St Andrews enters NZ with Golden launch

Mon, 23 Feb 2026 03:46:38 GMT

St Andrew’s Insurance Group has started offering life products in New Zealand, with the launch of Golden Insurance...

Acenda recruits ex-bank exec for culture role

Mon, 23 Feb 2026 03:46:12 GMT

Acenda says former Westpac executive Ross Miller joined last week as group chief people and culture officer...

AFCA backs regulator-approved, enforceable code

Mon, 16 Feb 2026 03:22:30 GMT

A life insurance code that is approved by the Australian Securities and Investments Commission will send a “powerful signal” to consumers and key stakeholders, the financial services ombudsman says...