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• Australian Life Insurers Achieve Significant Underwriting Gains in Q4 2025

  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.

• Record Profits for Australian General Insurers in 2024

  Australia's general insurance industry has reported an unprecedented after-tax profit of $6.1 billion for the year 2024, marking a significant milestone in the sector's financial performance. This figure is three times higher than the five-year average of $2 billion, according to KPMG's General Insurance Insights report.

• IAG Achieves 33% Increase in Insurance Profit Amid Lower Claims

  Insurance Australia Group (IAG), the country's largest insurer, has reported a 33% increase in its full-year insurance profit, reaching A$606 million for the 12 months ending June 2025. This significant growth is attributed to a combination of reduced claims expenses and strategic premium adjustments.

• Introducing Backd: Affordable Insurance for Casual and Contract Workers

  In a significant move to address the insurance needs of Australia's growing casual and contract workforce, TAL has partnered with global insurtech company Cover Genius to launch Backd.

• Zurich's Home Loan Protection: Tailored Insurance for Mortgage Holders

  Zurich has unveiled its Home Loan Protection (HLP) product, a new insurance offering that combines life and income protection benefits tailored specifically for mortgage holders. This innovative cover automatically adjusts its premiums as the insured's mortgage balance decreases, ensuring that policyholders are only paying for the coverage they need.

• Australian Insurers Adapt Investment Strategies in Response to Geopolitical Shifts

  Australian insurers are actively revising their investment portfolios in response to evolving geopolitical events and economic conditions. According to the 2025 Australian Insurance Report by Janus Henderson Investors, 47% of insurers plan to increase their investment portfolio risk over the next 12 months, with a significant focus on private markets.

• AFCA Upholds Policyholder Rights in Income Protection Case

  In June 2025, the Australian Financial Complaints Authority (AFCA) ruled in favour of a policyholder in a dispute over the duration of income protection payments. The case involved Resolution Life Australasia and centred on the insurer's decision to cease payments earlier than the policyholder expected.

• Swiss Re Advocates for Sustainable TPD Insurance Amid Rising Claims

  In October 2025, Swiss Re, a leading global reinsurer, announced a temporary halt on accepting new life insurance business in Australia. This decision aims to address concerns over the sustainability of Total and Permanent Disability (TPD) products in the market.

• Rising Mental Health Claims Impact Australia's Income Protection Insurance

  Recent data from the Council of Australian Life Insurers (CALI) reveals a significant increase in mental health-related claims within Australia's income protection insurance sector. In 2024, mental health conditions accounted for 20% of income protection claims, resulting in payouts totaling $887 million.

• Australian Super Under Fire for Prolonged Insurance Claim Delays

  Australian Super, the nation's largest superannuation fund, is facing criticism over significant delays in processing insurance claims. Reports indicate that some members have experienced prolonged waiting periods, with delays extending up to four years in certain cases.

• Australia's Income Protection Insurance Sales Experience Notable Decline

  Recent data from Plan For Life indicates an 8.3% decline in new income protection insurance sales in Australia for the year ending September 2024. This downturn contrasts with previous periods of growth, where sales had increased by nearly 7% in the year ending December 2023 and 6.

• TAL's Health Sense Plus Now Covers Income Protection Policies

  In a strategic move to make life insurance more relevant to younger Australians, TAL has expanded its Health Sense Plus program to encompass income protection policies. This initiative allows advisers to offer clients enhanced value through a straightforward preventative health engagement.

• Australian Food Super Implements Age-Based Insurance Premium Structure

  Australian Food Super has announced a transition to age-based pricing for its insurance offerings, a move that will see premium costs vary according to members' age brackets. Effective November 1, 2025, this change aims to align insurance costs more closely with the risk profiles associated with different age groups.

• Australian Life and Income Protection Insurance Premiums Experience Notable Decline

  Recent research from Rainmaker Information indicates a significant decrease in life and income protection insurance premiums across Australia. Direct life premiums have fallen by 7% since 2024, while direct income protection premiums have seen reductions of 12% and 13% for policies with 30-day and 90-day waiting periods, respectively.

• Surge in Mental Health Claims Reshapes Australia's Life Insurance Landscape

  Australia's life insurance sector is witnessing a significant transformation, with mental health conditions emerging as the predominant cause of Total and Permanent Disability (TPD) claims.

• Australian Life Insurers Report Significant Profit Growth in FY25

  The Australian life insurance industry has reported a remarkable financial turnaround in the fiscal year 2025, with earnings more than doubling to $360 million, according to the latest figures from the Australian Prudential Regulation Authority (APRA).

• Australia's General Insurance Industry Achieves Record $6.1 Billion Profit in 2024

  Australia's general insurance sector has reported an unprecedented after-tax profit of $6.1 billion for the year 2024, according to KPMG's General Insurance Insights report. This figure is three times higher than the five-year average of $2 billion, marking a significant milestone in the industry's financial performance.

• Australian General Insurers Report Record $7.3 Billion Profit

  The Australian general insurance sector has reported a remarkable after-tax profit of $7.3 billion for the last financial year, marking its most substantial earnings in over ten years. This significant increase is primarily attributed to a decrease in catastrophe-related losses and robust investment returns.

• Australian General Insurance Premiums Set to Surpass $144 Billion by 2029

  The Australian general insurance market is on a trajectory to see direct written premiums (DWP) exceed $144 billion by 2029, according to projections from data and analytics firm GlobalData. This anticipated growth is largely fueled by heightened demand for coverage in response to the increasing frequency of natural disasters.

• ASIC Initiates Legal Proceedings Against Australian Super for Claim Delays

  The Australian Securities and Investments Commission (ASIC) has initiated legal action against Australian Super, the nation's largest superannuation fund, alleging significant delays in processing nearly 7,000 death benefit claims.

• TAL's Health Sense Plus Now Covers Income Protection

  In a strategic move to make life insurance more relevant to younger Australians, TAL has expanded its Health Sense Plus program to encompass income protection policies. This initiative allows advisers to offer clients enhanced value through a straightforward preventative health engagement.

• APRA Calls for Sustainable Reforms in Income Protection Insurance

  The Australian Prudential Regulation Authority (APRA) has expressed concerns regarding the sustainability of income protection insurance, following significant losses within the industry. Over a five-year period, insurers have reported losses totaling $2.5 billion on this product.

• HCF Life Recognised for Excellence in Income Protection Insurance

  HCF Life, part of Australia's largest not-for-profit health fund, has been honored with the 'Best for Income Protection Insurance (Direct)' award by WeMoney for the third consecutive year. This accolade underscores HCF Life's commitment to providing competitive and customer-focused insurance products.

• Surge in Mental Health Claims Challenges Australia's Income Protection Insurance

  Recent data from the Council of Australian Life Insurers (CALI) reveals a significant shift in the landscape of income protection insurance in Australia. Mental health conditions have emerged as the leading cause of total and permanent disability (TPD) claims, accounting for nearly one-third of all claims paid.

• Decline in Income Protection Premiums Reflects Market Adjustments in Australia

  Recent research from Rainmaker Information indicates a notable decrease in income protection insurance premiums across Australia. Direct income protection premiums have fallen by 12% for policies with a 30-day waiting period and 13% for those with a 90-day waiting period since 2024.

• Superannuation Insurance Extends Coverage to 6 Million More Australians

  New research from the Association of Superannuation Funds of Australia (ASFA) reveals that superannuation insurance now provides critical protection to over 6 million Australians who would otherwise be uninsured. This expansion has been achieved without impacting household spending, as the coverage is included within superannuation contributions.

Read our Articles

• Common Pitfalls in Income Insurance Claims and How to Avoid Them

  Income insurance is a critical component of financial planning, offering a safety net when life's uncertainties impact your income stream. It ensures that you can continue meeting your financial obligations even if you're unable to work due to illness or injury.

• The Essential Role of Income Insurance in Your Financial Plan

  An income insurance policy, often referred to as income protection insurance, is a financial safety net designed to provide you with a steady income stream if you're unable to work due to illness or injury.

• Income Protection Insurance vs. Total Permanent Disability: What’s the Difference?

  When life throws unexpected challenges your way, being financially prepared can make all the difference. This is where Income Protection Insurance and Total Permanent Disability (TPD) Insurance come into play.

• Income Insurance: Common Misunderstandings that Could Cost You

  When life throws unexpected challenges your way, income insurance can be a financial lifesaver. Essentially, it's a policy designed to replace a portion of your income if you're unable to work due to illness or injury. Imagine not having to worry about bills piling up while you focus on recovery.

• How to Determine the Right Income Protection Coverage for Your Needs

  Income protection insurance is a type of coverage designed to replace a portion of your income if you're unable to work due to illness or injury.

• How Pre-Existing Conditions Affect Your Income Protection Insurance Options

  Income protection insurance is a type of insurance policy designed to provide you with a continuous flow of income in case you are unable to work due to illness or injury.

• 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.

• Breaking Down Common Income Protection Insurance Terms

  Income protection insurance is designed to provide financial support if you're unable to work due to illness or injury. It aims to replace a portion of your income during such times, ensuring you can maintain your lifestyle and meet financial obligations.

• Income Protection Insurance: A Must-Have for Australian Adults

  Insurance is a crucial component of financial planning. While many Australians understand the importance of life insurance, there's another vital type of coverage that often gets overlooked: income protection insurance.

• Income Protection vs. Life Insurance: Why You Need Both

  Insurance plays a crucial role in safeguarding our financial future. It serves as a safety net, ensuring that we can manage unexpected events without severely impacting our financial stability. For Australian adults, having the right types of insurance coverage is essential for peace of mind and financial security.

• How Income Protection Insurance Can Safeguard Your Financial Future

  Income protection insurance is a type of insurance policy designed to replace a portion of your income if you are unable to work due to illness or injury.

• Comparing Income Protection Policies: What Australians Should Look For

  Income protection insurance serves as a financial safety net for countless Australians, offering a replacement income when unforeseen circumstances such as illness or injury impede their ability to earn. For the self-employed and entrepreneurs who may not have the safety nets offered by corporate employment, such protection is particularly important.

• Why Every Australian Entrepreneur Needs Income Protection Insurance

  Entrepreneurship in Australia - a landscape overview: The allure of entrepreneurship in Australia is undeniable, with the promise of innovation, personal autonomy, and potentially limitless earnings. However, the path of an entrepreneur is often unpaved and unpredictable.

• Preparing for the Unexpected: Why Income Protection is Essential for Financial Security

  Life's unpredictability can often bring unforeseen challenges, particularly when it comes to our finances. One day you might be climbing the career ladder, the next you could find yourself unable to work due to illness or injury.

• Understanding Income Protection Insurance: A Comprehensive Guide for Australians

  Income protection insurance is an essential component of financial security for Australians, designed to provide a safety net by replacing a portion of your income if you're unable to work due to illness or injury. Despite its critical role in safeguarding livelihoods, it's often overlooked in personal financial planning.

• Income Insurance: The Safety Net for Your Financial Goals in Australia

  Financial security is pivotal for anyone striving to meet their life goals, be it owning a home, educating children, or ensuring a comfortable retirement. In Australia, where uncertainties can disrupt our best laid-out financial plans, having a safety net in place is essential.

• Understanding the Process: A Beginner's Guide to Income Insurance Claims

  Income insurance, an often-overlooked component of financial security, is gaining traction among Australia's burgeoning self-employed population. In an economy where traditional employment is no longer the sole path to success, this form of insurance has become a cornerstone for proactive financial planning.

• Navigating Pre-existing Conditions in Income Protection Insurance

  Income protection insurance is a safety net that many Australians rely on to secure their financial future in the event of illness or injury preventing them from working.

• The Role of Rehabilitation Benefits in Income Protection Insurance

  When the unexpected strikes, such as an illness or injury hindering our ability to earn a living, the financial repercussions can be devastating. This is where income protection insurance becomes a pivotal part of our financial safety net, ensuring a stream of income during challenging times.

• Income Protection Insurance: Balancing Cost with Adequate Coverage

  Income protection insurance is a critical safety net for anyone who relies on a steady paycheck to meet their financial obligations and maintain their lifestyle.