Insurance News from Key Person Insurance

Key Person Insurance is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

Life Claims Inquiry Puts Delays Under Fresh Scrutiny

05 Nov 2026: Paige Estritori

A new Life Code Compliance Committee inquiry has put renewed attention on how Australian life insurers manage longer-running claims, finding that avoidable gaps in information requests and customer communication can add pressure to already complex total and permanent disability and income protection matters. - read more

Life Insurers Move to Rewrite Code After Review

29 Oct 2026: Paige Estritori

Australia’s life insurance industry has moved into the next phase of reform after the Council of Australian Life Insurers released its response to the 2026 review of the Life Insurance Code of Practice. For businesses that use key person cover, the development matters because the code influences practical standards around communication, underwriting explanations, claims handling and support for customers dealing with difficult circumstances. - read more

Compliance Warnings Put Key Person Cover Quality Back in Focus

16 Sep 2026: Paige Estritori

Australia's life insurance sector has received another reminder that compliance quality is not an abstract issue. The latest Life Insurance Code compliance reporting points to persistent weaknesses in how insurers communicate with customers, manage claims milestones and maintain controls when service pressure rises. - read more

Why Operational Resilience Now Matters for Key Person Cover

09 Sep 2026: Paige Estritori

Australia’s life insurance sector is entering a more demanding phase of operational risk oversight, with APRA’s CPS 230 standard now shaping how insurers manage service disruption, outsourcing, technology failures and critical business processes. While this may sound like a back-office regulatory issue, it has practical consequences for businesses that rely on key person cover to protect cash flow, debt commitments and continuity planning. - read more

Click for more Insurance News

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Life Insurance Articles

Key person insurance cover options: life, TPD and trauma explained

Key person insurance can help a business manage the financial impact of losing a critical person through death, total and permanent disablement or a serious illness, depending on the policy. This guide explains how key person life insurance, TPD insurance and trauma insurance differ, and what Australian businesses should consider when comparing cover options. - read more

How to estimate key person insurance cover for an Australian business

Key person insurance cover should reflect the financial impact a business may face if a critical person can no longer contribute. This guide explains practical factors Australian businesses can consider when estimating an appropriate cover amount. - read more

Key person insurance and buy-sell insurance: how they differ

Key person insurance and buy-sell insurance can both form part of business protection planning, but they solve different problems. One helps the business absorb the financial impact of losing a critical person; the other helps fund ownership transfer under a succession agreement. - read more

Protecting Your Startup: Understanding Keyperson Life Insurance Options

Keyperson life insurance is a special type of coverage designed to protect businesses against the financial impact associated with the loss of a key team member. Essentially, it acts as a safety net for companies, ensuring that the sudden loss or absence of crucial personnel doesn't jeopardize business operations or continuity. - read more

Knowledgebase

Proximate Cause:
The primary cause of loss in an insurance claim, which sets in motion a chain of events leading to the damage or injury.

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Unique Group Broker Services.

IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.