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| | | The insurers were recognised for excellence in adviser service and product innovation. At an event in Sydney last night, NEOS took home the 2026 Life Insurance Award for Excellence in Adviser Service, presented by Financial Standard. NEOS was selected ... |
| | | | ... advised individuals disputing 934 of the claims. A study released in July last year by the Council of Australian Life Insurers (CALI) found mental health was the leading cause of TPD claims, making up almost one in three claims paid. The $2.2 billion ... |
| | | | The Australian Prudential Regulation Authority (APRA) has called on superannuation trustees, insurers and to significantly lift their approach to managing artificial intelligence (AI) risks, warning current practices are not keeping pace with rapid ... |
| | | | ... retirement and aged care. Challenger Index Plus sales jumped 41% to $629 million. "With APRA's new capital standards for insurers of longevity products now set, we are turning to the implementation, which will deliver an immediate and material reduction ... |
| | | | ... in a bid to assume the role of the chair. Yates is currently chair of AIA Australia, one of Australia's largest life insurers, having served on the board in various committees since 2010. He is also a director of Mutual Trust and the Australian Japan ... |
| | | | ... design features in insurance policies that limit cover for mental health. Currently, clause 2.1(b) of the code requires insurers to design new products that do not incorporate a blanket exclusion specific to mental health in the general terms and conditions ... |
| | | | ... Securities and Investments Commission. This legislation will make a meaningful difference to people's lives." Australian life insurers welcomed the passage, saying the new law will give Australians more confidence about getting a genetic test, knowing ... |
| | | | ... remains appropriate. The reforms will come into effect on 1 July 2026. APRA has also released a reporting template for insurers who choose to use the AILP and is seeking feedback on the template by May 12. APRA member Suzanne Smith said: "We're backing ... |
| | | | Most chief investment officers of global insurers believe the US will fall into a recession within the next three years, largely driven by current geopolitical turmoils, a new survey from Goldman Sachs Asset Management reveals. More professional investors ... |
| | | | ... insurance advice, underscoring the need for the government to deliver on its advice reforms, the Council of Australian Life Insurers (CALI) said. Research by CALI found three in five Australians trust financial advice received from AI-powered programs ... |
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