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• HESTA's Initiative to Lower Insurance Fees and Strengthen Member Benefits

  HESTA, a prominent Australian superannuation fund, has unveiled a series of changes aimed at making insurance cover more accessible and affordable for its members. Effective from 1 July 2026, these changes include an average 12% reduction in insurance fees across all cover types.

• Challenger's Record Annuity Sales Drive Strong Half-Year Performance

  Challenger, a leading Australian wealth management firm, has reported an 11% increase in life sales, reaching $5.1 billion in the December half of the 2026 financial year. This growth is primarily attributed to record annuity transactions, underscoring the company's strategic focus on retirement income solutions.

• APRA's New Capital Framework for Longevity Products

  The Australian Prudential Regulation Authority (APRA) has announced significant reforms to the capital treatment of longevity products, including annuities, aimed at strengthening the market for retirement income solutions. These changes are set to take effect on 1 July 2026.

• Zurich Australia's Strategic Acquisition of ClearView Wealth

  In a significant move within the Australian life insurance sector, Zurich Financial Services Australia has announced its intention to acquire ClearView Wealth Limited. This acquisition, valued at approximately AUD 415 million, is set to bolster Zurich's presence in the market and expand its customer base.

• Insights from APRA and ASIC's 2025 Life Insurance Claims Report

  The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly released the Life Insurance Claims and Disputes Statistics for the year ending December 31, 2025. This comprehensive report offers valuable insights into the performance and challenges within the Australian life insurance sector.

• Swiss Re's Strategic Pause on New Life Insurance Business in Australia

  Swiss Re Life & Health Australia has announced a suspension of new life insurance business activities in the country, effective October 2025.

• Australia Enacts Ban on Genetic Testing in Life Insurance Underwriting

  In a significant move to protect consumer rights, the Australian Parliament has passed the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Act 2025. This legislation, enacted on 1 April 2026, prohibits life insurers from using genetic test results in their underwriting processes.

• AIA Australia Highlights Structural Challenges in Life Insurance Industry

  AIA Australia CEO Damien Mu has raised concerns about the structural challenges facing the life and health insurance industries.

• Australian Life Insurers Under Review for Mental Health Disclosure Practices

  Recent findings from the Life Insurance Code Compliance Committee (Life CCC) have highlighted ongoing concerns regarding how Australian life insurers manage applications involving mental health disclosures.

• APRA and ASIC Review Life Insurance Premium Practices Amid Policyholder Concerns

  The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly reviewed life insurers' premium practices, focusing on the frequency and magnitude of premium increases.

• Australian Life Insurers Advocate for Evolution of Code of Practice to Meet Consumer Needs

  Australian life insurers are advocating for the evolution of the Life Insurance Code of Practice to keep pace with regulatory changes and shifting consumer expectations. The Council of Australian Life Insurers (CALI) has emphasised the importance of the code in maintaining trust between insurers and the Australians they protect.

• Swiss Re Suspends New Life Insurance Operations in Australia

  Swiss Re Life & Health Australia has announced a suspension of new life insurance business activities in the country, effective October 2025.

• Australian Life Insurers Achieve Significant Underwriting Gains in Q4 2025

  The Australian life insurance sector has reported a substantial underwriting gain of $279 million for the December quarter of 2025, a significant improvement from the $36 million recorded in the same period the previous year.

• New Legislation Prohibits Genetic Test Use in Life Insurance Underwriting

  The Australian government has introduced legislation that prevents life insurance companies from using adverse genetic test results in their underwriting processes. This move addresses concerns that genetic discrimination has discouraged individuals from undergoing preventive health screenings.

• Escalating Insurance Premiums Pose Challenges for Australian Retirees

  Australian retirees are facing mounting financial pressures as insurance premiums continue to rise, driven by factors such as climate change and increased construction costs. These escalating expenses are particularly challenging for individuals on fixed incomes, potentially compromising their financial security.

• Regulatory Barriers Impede Growth of Life Insurance Advice in Australia

  The Australian life insurance sector is facing significant challenges due to regulatory complexities that hinder the provision of risk advice. Industry leaders are calling for urgent reforms to address these barriers and unlock the full potential of financial advisers.

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• Key Person Insurance: Protecting Your Most Valuable Assets

  Key Person insurance, is a vital form of business insurance that protects a company's most valuable assets: its people. This insurance is designed to compensate a business financially when a key individual, such as a business owner, an executive, or an indispensable employee, becomes incapacitated or passes away.

• The Impact of Losing a Key Employee: How Keyperson Insurance Helps

  Key person insurance is a valuable tool for any business looking to safeguard its operations and financial stability. But what exactly is it?

• 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.

• The Role of an Insurance Broker in Securing Keyperson Insurance Coverage

  Keyperson insurance is a type of business insurance designed to protect companies from financial losses that may occur due to the sudden loss of a crucial team member. This insurance policy provides a financial safety net that companies can rely on in difficult times, ensuring continuity and stability.