Insurance News from Compare Life Insurance

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Insurance News

ASIC Identifies Ongoing Issues in Direct Life Insurance Sales Practices

28 Mar 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of direct life insurance sales practices, uncovering persistent deficiencies that continue to compromise consumer protection. This scrutiny comes in the wake of the Hayne Royal Commission's recommendations, highlighting the need for ongoing vigilance in the industry. - read more

Swiss Re Suspends New Life Insurance Business Over TPD Product Sustainability

28 Mar 2026: Paige Estritori

Swiss Re, a leading global reinsurer, has recently announced a temporary suspension of new life insurance business in Australia. This decision stems from growing concerns over the sustainability of Total and Permanent Disability (TPD) products, which have been under increasing scrutiny due to rising claim costs and evolving societal expectations. - read more

APRA Collaborates with Life Insurers to Address TPD Product Sustainability

28 Mar 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) is actively engaging with life insurers to address the growing challenges associated with Total and Permanent Disability (TPD) products. This collaborative effort aims to ensure the long-term sustainability of TPD offerings, which have been under pressure due to increasing claims and evolving market dynamics. - read more

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Life Insurance Articles

Why Life Insurance Matters: Securing Your Family's Financial Future

Life insurance is a financial product designed to provide peace of mind by ensuring that your loved ones are financially secure even in your absence. It offers a safety net, paying out a sum of money upon the policyholder's death or, in some cases, after a set period. This payout can help cover expenses such as mortgage payments, children's education, or day-to-day living expenses, thereby maintaining family stability during difficult times. - read more

How Buy/Sell Agreements Use Life Insurance to Secure Your Business

Buy/sell agreements are crucial tools in business planning, designed to outline the process for transferring business ownership when a significant event occurs, such as the death, retirement, or incapacitation of an owner. These agreements ensure a smooth transition by predetermining the terms of sale and purchase among co-owners or with an outside party. - read more

What Does It All Mean? Navigating Life Insurance Terminology

When it comes to life insurance, understanding the terminology is crucial for anyone looking to secure their family's financial future. Unfortunately, life insurance can often seem like a confusing maze of complex terms and legal jargon. - read more

The Crucial Role of Life Insurance in Business Continuity Planning

Life insurance is a fundamental component that can play a significant role in the continuity of a business. Essentially, it's a contract between the policyholder and the insurer where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. This financial safety net can be crucial for businesses wanting to safeguard their future operations against unexpected losses. - read more

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