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Insurance News from Compare Life Insurance
Compare Life Insurance is pleased to present the latest financial news headlines.
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News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.
Insurance News
APRA's New Capital Framework for Longevity Products
15 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has recently finalised amendments to its prudential standards concerning the capital treatment of longevity products, including annuities. These reforms aim to bolster the market for retirement income products, providing Australians with more robust financial security in their later years. - read more
Swiss Re's Strategic Pause on New Life Insurance Business
15 May 2026: Paige Estritori
Swiss Re Life & Health Australia Limited has announced a temporary suspension of new life insurance business in Australia, effective from October 2025. This decision stems from growing concerns over the sustainability of Total and Permanent Disability (TPD) products within the Australian market. - read more
Australian Life Insurers' New Mental Health Action Plan
15 May 2026: Paige Estritori
In response to the escalating mental health crisis, Australian life insurers have committed to developing a comprehensive industry action plan aimed at supporting long-term affordability and sustainability. This initiative seeks to deliver greater clarity, fairness, and transparency for customers dealing with mental health conditions. - read more
WA Government's Upcoming Exit from AEGIC Partnership
15 May 2026: Paige Estritori
The Western Australian (WA) government has announced its intention to conclude its partnership with the Australian Export Grains Innovation Centre (AEGIC) by June 2026. This decision marks a significant shift in the state's involvement in national grain research and development initiatives. - read moreThe information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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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.
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.