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Insurance News from Partnership Insurance Solutions

Partnership Insurance Solutions is pleased to present the latest financial news headlines.

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Insurance News

APRA's New Capital Framework for Longevity Products: What It Means for Retirees APRA's New Capital Framework for Longevity Products: What It Means for Retirees
11 May 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has announced significant reforms to the capital treatment of longevity products, including annuities, aiming to bolster the retirement income market. These changes, set to take effect on 1 July 2026, are designed to encourage innovation and improve the availability of products that provide Australians with financial security in retirement. - read more
Surge in Life Insurance Disputes Linked to TPD and Disability Claims Surge in Life Insurance Disputes Linked to TPD and Disability Claims
11 May 2026: Paige Estritori

Recent data from the Australian Prudential Regulation Authority (APRA) reveals a significant rise in life insurance disputes, with total and permanent disablement (TPD) and disability income insurance (DII) claims accounting for 88% of all disputes in the 12 months ending December 2025. This trend underscores ongoing challenges within the industry, particularly concerning the management and assessment of disability-related claims. - read more
Signs of Revival: Australian Life Insurance Market's Upturn in Q2 2025 Signs of Revival: Australian Life Insurance Market's Upturn in Q2 2025
11 May 2026: Paige Estritori

After enduring six years of decline following the Royal Commission, Australia's life insurance market is showing promising signs of recovery. In the second quarter of 2025, the sector experienced a 20.7% increase in new business volumes, marking a significant turnaround and offering a glimmer of hope for the industry's future. - read more
Zurich Australia Expands Life Insurance Market Presence with ClearView Acquisition Zurich Australia Expands Life Insurance Market Presence with ClearView Acquisition
03 May 2026: Paige Estritori

Zurich Financial Services Australia (Zurich) has entered into an agreement to acquire ClearView Wealth Limited (ClearView) through a scheme of arrangement, valuing ClearView's equity at approximately AUD 415 million. This strategic acquisition aims to bolster Zurich's presence in the Australian life insurance market. - read more

Life Insurance Articles

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
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 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

Knowledgebase
Trauma Insurance:
An insurance that pays a lump-sum amount on the diagnosis of one of several critical illnesses or events