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Insurance

Hostplus extends MetLife partnership

MATTHEW WAI  |  MONDAY, 14 JUL 2025
Hostplus has extended its group insurance partnership with MetLife Australia until June 2028.

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
More Australians are leaving work permanently due to mental ill health than ever before with insurers paying out over $2.2 billion in mental health claims last year, according to new data from the Council of Australian Life Insurers (CALI).

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
Shine Lawyers, who filed a class action against AMP this week, said hundreds of thousands of customers have been impacted.

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
The life insurer has today launched backd by TAL in partnership with Cover Genius, targeting those with limited access to affordable cover options.

TAL scores new super fund mandate

JAMIE WILLIAMSON  |  FRIDAY, 13 JUN 2025
TAL has won another group insurance mandate, replacing Zurich Australia.

GESB to roll out premium changes

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
GESB is making a range of changes to its group insurance offering, reducing some premium rates and implementing premium waivers for some members.

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
ASIC has taken Choosi to the Federal Court for allegedly failing to provide a range of comparable options on life and funeral insurance policies to customers and instead flogging products solely from Hannover Life Re.

Dai-ichi Life acquires 15% of M&G

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
Dai-ichi Life HD, which owns TAL, will acquire 15% of British asset manager M&G, with the two establishing a long-term strategic partnership across asset management and life insurance.

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
The life insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show.

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
Zurich Australia has paid two infringement notices issued by the Australian Securities and Investments Commission (ASIC) over alleged false and misleading statements to two policyholders.