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Insurance News

Australian Life Insurance Industry Achieves Significant Underwriting Gain in Q4 2025
Australian Life Insurance Industry Achieves Significant Underwriting Gain in Q4 2025
17 Apr 2026: Paige Estritori
The Australian life insurance sector has reported a substantial underwriting gain of $279 million for the December quarter of 2025, a significant improvement from the $36 million recorded in the same period the previous year. This data, released by the Australian Prudential Regulation Authority (APRA), highlights a notable turnaround in the industry's financial performance. - read more
Senate Enacts Ban on Genetic Testing in Life Insurance Underwriting
Senate Enacts Ban on Genetic Testing in Life Insurance Underwriting
17 Apr 2026: Paige Estritori
In a significant move to safeguard consumer rights, the Australian Senate has passed legislation prohibiting life insurers from using genetic test results in their underwriting processes. This landmark decision aims to prevent genetic discrimination and ensure that individuals are not unfairly denied coverage or charged higher premiums based on their genetic information. - read more
Interim Review of Life Insurance Code Calls for Enhanced Mental Health Coverage
Interim Review of Life Insurance Code Calls for Enhanced Mental Health Coverage
17 Apr 2026: Paige Estritori
The interim report of the ongoing review of Australia's Life Insurance Code of Practice has brought to light significant concerns regarding the industry's handling of mental health coverage. The review, led by financial sector expert Peter Kell, emphasizes the need for insurers to adopt fairer and more individualized underwriting practices when assessing applicants with mental health conditions. - read more
Understanding AustralianSuper's Income Protection Reduction
Understanding AustralianSuper's Income Protection Reduction
16 Apr 2026: Paige Estritori
AustralianSuper, one of Australia's largest superannuation funds, has announced a significant change to its default income protection insurance. Effective from 28 February 2026, the fund will reduce the default income protection cover to $1,000 per month. This adjustment aims to align insurance coverage with members' actual income levels and prevent over-insurance, which can erode retirement savings. - read more
CareSuper Enhances Income Protection Benefits for Members
CareSuper Enhances Income Protection Benefits for Members
16 Apr 2026: Paige Estritori
CareSuper has announced an enhancement to its income protection insurance offerings. Starting 1 April 2026, members can apply for income protection cover up to 87% of their current income, including up to 12% super contributions. This is an increase from the previous limit of 85% of income, which included up to 10% super contributions. - read more
Commercial Property Insurance Articles

Is Commercial Property Insurance Mandatory? What Every Landlord Should Know
Is Commercial Property Insurance Mandatory? What Every Landlord Should Know
Commercial property insurance is a type of coverage designed to protect property landlords and investors from various risks. It typically encompasses buildings, equipment, and other assets associated with commercial spaces. Understanding this insurance is crucial for anyone involved in property leasing or investment, as it can safeguard against significant financial loss. - read more
Beyond the Basics: Essential Add-Ons for Comprehensive Commercial Property Insurance
Beyond the Basics: Essential Add-Ons for Comprehensive Commercial Property Insurance
Commercial property insurance is a vital safeguard for businesses and landlords, protecting physical assets from a variety of risks. This type of insurance covers a range of properties, from office buildings to retail spaces, ensuring that in the event of damage or loss, you have financial support to recover your investment. - read more
The Essential Checklist for Property Investors: Filing a Claim with Confidence
The Essential Checklist for Property Investors: Filing a Claim with Confidence
As a property investor, having the right commercial property insurance is vital. It protects your investment against unexpected events, ensuring that your assets are safeguarded. Commercial property insurance covers a range of risks that can lead to significant financial losses, from natural disasters to theft. Understanding the nuances of this insurance is essential for making informed decisions that impact your bottom line. - read more
Understanding Commercial Property Insurance for Multiple Locations: What Landlords Need to Know
Understanding Commercial Property Insurance for Multiple Locations: What Landlords Need to Know
When it comes to owning commercial properties in Australia, understanding the ins and outs of insurance is crucial. Commercial property insurance serves as a safety net, protecting your valuable assets against unforeseen events. It's designed to cover the buildings themselves, as well as any equipment, inventory, and even loss of income due to disruptions. - read more
Natural Disasters and Your Commercial Property: Is Your Insurance Adequate?
Natural Disasters and Your Commercial Property: Is Your Insurance Adequate?
Australia is known for its diverse landscapes, but one of the harsher realities it faces is the increasing frequency of natural disasters. From bushfires in the outback to devastating floods in urban areas, these events can have severe implications for commercial properties. Business owners must navigate the challenges of not only protecting their assets but also ensuring the continuity of their operations. - read more

Knowledgebase
Term Life Insurance:
A form of life insurance that is a pure protection policy with no cash or maturity value which lasts for a specific length of time, called a term.