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• Hostplus and MetLife Australia Strengthen Ties with Extended Partnership

  Hostplus, a prominent Australian superannuation fund, has announced the extension of its group insurance partnership with MetLife Australia until June 2028. This collaboration, which began in 2013, aims to provide comprehensive insurance coverage to Hostplus members, including Death, Total and Permanent Disablement (TPD), and Income Protection insurance.

• APRA and ASIC Publish December 2025 Life Insurance Claims and Disputes Data

  The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly released the Life Insurance Claims and Disputes Statistics publication, covering the period from January 1, 2025, to December 31, 2025.

• TAL Recognized as 2026 Life Insurer of the Year by Money Magazine

  Money magazine has announced its 2026 Life Insurance Awards, with TAL being named Life Insurer of the Year across both group and direct insurance categories. This prestigious recognition underscores TAL's commitment to providing exceptional life insurance services to Australians.

• Australian Senate Prohibits Use of Genetic Test Results in Life Insurance Underwriting

  The Australian Senate has recently passed legislation that prohibits life insurers from using genetic test results in their underwriting processes. This landmark decision aims to protect consumers from potential discrimination based on their genetic information and to ensure fairness in the assessment of life insurance policies.

• Life Insurers Advocate for Updated Code of Practice

  The Australian life insurance industry is actively supporting revisions to the Life Insurance Code of Practice, aiming to align with evolving regulatory requirements and consumer expectations. This initiative underscores the sector's commitment to maintaining trust and relevance in a dynamic environment.

• AIA Australia Highlights Need for Industry Adaptation

  AIA Australia has raised concerns about impending structural changes in the life insurance sector, driven by increasing mental health claims and economic volatility. CEO Damien Mu emphasized the necessity for the industry to adapt to these evolving challenges to ensure sustainability.

• Australian Life Insurers Report Significant Underwriting Profit

  The Australian Prudential Regulation Authority (APRA) has reported a substantial underwriting gain of $279 million for the life insurance sector in the December quarter of 2025. This marks a significant improvement from the $36 million recorded in the same period the previous year, highlighting the industry's resilience and adaptability.

• How Rising Insurance Premiums Are Impacting Australian Retirees

  Recent reports have highlighted a concerning trend: Australian retirees are increasingly burdened by soaring insurance premiums, with some experiencing hikes as steep as 400%. This surge poses a significant threat to their financial stability, especially for those on fixed incomes.

• Regulators Push for Stability in Life Insurance Premiums

  The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly called on life insurers to address issues related to premium volatility.

• Regulatory Hurdles Impede Expansion of Life Insurance Advice in Australia

  The Australian life insurance advice sector is facing significant growth challenges due to complex regulatory requirements. Industry leaders have highlighted that the current compliance landscape is deterring new entrants and limiting the capacity of existing advisors to serve a broader client base.

• ASIC Identifies Ongoing Issues in Direct Life Insurance Sales Practices

  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.

• Swiss Re Suspends New Life Insurance Business Over TPD Product Sustainability

  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.

• APRA Collaborates with Life Insurers to Address TPD Product Sustainability

  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 our Articles

• Key Person Insurance: Why Every Business Needs It

  Key person insurance is a vital component of any comprehensive business strategy. Essentially, it is a type of life or disability insurance that a company takes out on its most valuable employees—those who significantly contribute to the company’s success.

• 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.

• 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.

• 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.

• 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.