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Insurance News

Advancing the Life Insurance Code to Meet Modern Standards
Advancing the Life Insurance Code to Meet Modern Standards
10 Jun 2026: Paige Estritori
The Australian life insurance industry is actively supporting the evolution of the Life Insurance Code of Practice to align with regulatory changes and evolving consumer expectations. This initiative underscores the industry's dedication to maintaining trust and delivering value to policyholders. - read more
Introducing Backd: A New Approach to Life Insurance for Young Australians
Introducing Backd: A New Approach to Life Insurance for Young Australians
10 Jun 2026: Paige Estritori
In a collaborative effort to make life insurance more accessible to younger Australians, Cover Genius and TAL have launched 'Backd,' an embedded life insurance product designed to integrate seamlessly into existing platforms. - read more
Regulators Call for Action on TPD Insurance Sustainability
Regulators Call for Action on TPD Insurance Sustainability
03 Jun 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have recently convened a joint CEO roundtable to address mounting sustainability pressures in the Total and Permanent Disability (TPD) insurance market. This meeting brought together senior representatives from 19 life insurers and reinsurers, as well as officials from Treasury and the Council of Australian Life Insurers. - read more
Surge in Disputes Over TPD and Disability Insurance Claims
Surge in Disputes Over TPD and Disability Insurance Claims
03 Jun 2026: Paige Estritori
Recent data from the Australian Prudential Regulation Authority (APRA) reveals a notable rise in disputes related to Total and Permanent Disability (TPD) and disability income insurance (DII) claims. In the 12 months ending December 2025, life insurance claims for regulated funds totalled 117,219, a slight decrease from the previous year. However, the number of disputed claims increased by 13.7%, reaching 11,207 compared to 9,851 in the prior period. - read more
Life Insurance Articles

The Hidden Risks of Neglecting Your Insurance Policy: A Partnership Perspective
The Hidden Risks of Neglecting Your Insurance Policy: A Partnership Perspective
In the fast-paced world of business, maintaining a solid insurance policy is more than just ticking a box; it's a critical component of ensuring long-term stability and success. For Australian consumers, particularly those involved in business partnerships, understanding the nuances of insurance is vital. - read more
The Importance of Life Insurance for Business Partners
The Importance of Life Insurance for Business Partners
In the dynamic world of business, safeguarding your interests often requires more than just market acumen and financial investment. Life insurance plays a pivotal role in ensuring the continuity and stability of a business, particularly when business partnerships are involved. It serves not only as a cushion for unforeseen events but also as a strategic tool for risk management. - read more
Creating a Comprehensive Risk Management Plan for Business Partnerships
Creating a Comprehensive Risk Management Plan for Business Partnerships
Risk management in the context of business partnerships involves identifying, assessing, and prioritising risks that could impact the success of a business alliance. Whether it’s financial, operational, or reputational, understanding these risks helps partners make informed decisions, safeguarding their shared interests. - read more
The Key Benefits of Engaging a Broker for Business Insurance Needs
The Key Benefits of Engaging a Broker for Business Insurance Needs
In the bustling world of business, ensuring that your operations are protected against unforeseen circumstances is crucial. This article explores the significant benefits of engaging a broker for your business insurance needs. Whether you're new to business insurance or looking to enhance your current coverage, understanding how a broker can help is key. - read more

Knowledgebase
Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.