MLC doubles down on group insurance
Flat growth in the retail life insurance market has prompted MLC Life Insurance chief executive David Hackett to target the group insurance market.
Australia's strange marriage between insurance and super
The Productivity Commission's superannuation report this week had so much that was radical in it, its section on life insurance was largely overshadowed.
Report slams 'poor value' insurance through super
The Productivity Commission has called for a public inquiry into the role of default life insurance through superannuation, in a damning assessment of the sector.
Medibank scores second ACCC win
The Federal Court has thrown out an ACCC appeal, confirming Medibank did not mislead customers about their out-of-pocket health insurance costs.
Bad genes should mean higher premiums
The vast majority of Australians do not want to pay higher life insurance premiums to subsidise people with a known genetic condition, an FSC survey has found.
Freedom Insurance share price halves
The share price of Freedom Insurance plummeted on Thursday after it revealed it was facing a liquidity shortfall and would not recommence selling life insurance.
AIA pushes Senate to kill super reforms
Insurer AIA has sent a letter to all senators asking them to vote down a bill that would abolish life insurance through super for the under-25s.
APRA backs surveillance in mental health claims fraud
A split is emerging in how life insurers should investigate fraudulent mental health claims, after APRA argued against an outright ban on surveillance.
Life insurers backflip on genetic testing
The industry has backflipped on its policy over testing in a move that is a win for genomic research and people with potential genetic diseases.
Hang up on high-pressure selling
The 350,000 remaining customers of Freedom Insurance should be asking serious questions about how this junk insurance was allowed to be sold...
Freedom Insurance stops selling insurance
Embattled insurance company announces massive job losses including the resignation of the CEO after abandoning direct sales model.
