The Australian Prudential Regulation Authority (APRA) has published findings of a survey on the sustainability of group life insurance in superannuation, undertaken by a sample of registrable superannuation entity (RSE) licensees, life insurers and reinsurers.
Australian consumers are the big winners in a significant shake-up of financial advice laws that will allow life insurers to provide simple advice directly to their customers, says the Council of Australian Life Insurers (CALI).
A new survey has revealed a concerning trend of uninsured travel among Australians, with a significant number of people putting themselves at risk by travelling overseas without adequate protection.
Nearly 229,500 properties in Australia are exposed to a 1-in-20 year flood risk according to new data analysis released by the Insurance Council of Australia (ICA).
New data analysis published by the Insurance Council of Australia (ICA) shows that nearly a quarter of a million properties in Australia are exposed to 1-in-20-year flood risk.
The Australian Prudential Regulation Authority (APRA) has licensed Ivory Insurance as a general insurer, according to a statement issued by the regulator.
Australia should reimagine its retirement ecosystem so people can easily access targeted support to plan their futures and fund their lifestyles by having greater work flexibility and access to equity in their homes, if they can and wish to do so, a paper published by the Actuaries Institute says.
New research shows that among non-retirees, features deemed very important when selecting a retirement income product include having an income that will last for life (52%), receiving guaranteed minimum payments (47%), and having flexible access to capital (43%).
The life insurance sector in Australia has expressed strong support for the Federal Government's recent move to initiate a consultation paper aimed at gathering public opinion on the application of genetic test results in insurance policies.
Suncorp Group Limited's (SGL) underwriting profitability is expected to see a modest deterioration over the next 12 to 24 months as higher natural hazard costs and rising reinsurance expenses offset strong premium rate increases, says Fitch Ratings.