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Insurance News
| Surge in Insurance Complaints Highlights Processing Delays 21 Apr 2026: Paige Estritori Recent data from the Australian Financial Complaints Authority (AFCA) reveals a significant increase in consumer complaints against insurance companies, reaching an unprecedented average of 100 complaints per day. This surge is primarily attributed to delays in processing routine claims, rather than issues stemming from natural disasters. - read more |
| Cyber Threats Expose Gaps in Australian Insurers' Preparedness 21 Apr 2026: Paige Estritori The latest PwC Insurance Banana Skins Survey highlights a concerning trend: Australian insurers are trailing their global counterparts in preparedness for emerging risks, particularly in the realms of cyber threats and artificial intelligence (AI). This gap raises questions about the industry's resilience and its ability to adapt to rapidly evolving technological challenges. - read more |
| Market Concentration in Australian Insurance: A Double-Edged Sword 21 Apr 2026: Paige Estritori Australia's general insurance market is notably concentrated, with four major companies—Insurance Australia Group (IAG), Suncorp, QBE, and Allianz—controlling approximately 74% of the market. This dominance has sparked discussions about the potential implications for competition and consumer outcomes. - read more |
| Life Insurers Advocate for Updated Code of Practice 21 Apr 2026: Paige Estritori The Australian life insurance industry is actively supporting revisions to the Life Insurance Code of Practice, aiming to align with evolving regulatory requirements and consumer expectations. This initiative underscores the sector's commitment to maintaining trust and relevance in a dynamic environment. - read more |
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Life Insurance Articles
| Illness and Your Finances: Strategies for Continuous Income Flow When illness strikes, the impact on your finances can be as significant as on your health. Maintaining continuous income flow during such times is crucial for financial stability. - read more
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| Top 5 Life Insurance Myths Debunked for New Parents For young families in Australia, life insurance is not just a policy; it's a crucial part of financial planning that ensures your loved ones are protected. Navigating the world with a newborn or growing children brings immense joy and responsibility. Amidst this joy, safeguarding a family's future financially is an essential consideration. - read more
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| Health Insurance for Young Australians: Why Starting Early Pays Off Health insurance is a crucial aspect of managing both health and financial risks. Many Australians may not realize the significance of having robust health coverage until they face unexpected medical expenses. Starting early with health insurance can not only provide peace of mind but also pave the way for better health management in the long run. - read more
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| Protecting Your Professional Income: Understanding Income Protection Insurance Income protection insurance is a financial safety net for individuals who are unable to work due to illness or injury. It ensures that you receive a percentage of your income during times when you cannot earn a salary, helping you maintain your lifestyle as you recover. This type of insurance offers peace of mind by providing financial support when it is needed most, allowing you to focus on recovery rather than financial pressures. - read more
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Knowledgebase
Whole Life Insurance:
A type of life insurance that provides coverage for the insured's entire lifetime, with a savings component that builds cash value.
A type of life insurance that provides coverage for the insured's entire lifetime, with a savings component that builds cash value.