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Life Insurance Articles

Life Insurance Comparison: Key Questions to Ask Your Insurer
Life Insurance Comparison: Key Questions to Ask Your Insurer
Life insurance is a crucial consideration for middle-aged to older Australians. It provides financial security for your loved ones in the unfortunate event of your death. Understanding the various options available is vital to making an informed decision. - read more
A Millennial's Guide to Life Insurance
A Millennial's Guide to Life Insurance
For many millennials, navigating the complexities of personal finance and future planning can feel like a bewildering journey. Among these financial responsibilities, life insurance emerges as a paramount consideration. More than just a safety net, life insurance can be the cornerstone of a sound financial strategy, providing peace of mind for both the policyholder and their loved ones. - read more
Understanding the Role of Life Insurance in Financial Security
Understanding the Role of Life Insurance in Financial Security
Life insurance can seem complex at first, but understanding the basics can help demystify this important financial product. At its core, life insurance is a contract between you and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon your passing, in exchange for premium payments. - read more
How to Review and Update Your Life Insurance Policy as Your Family Grows
How to Review and Update Your Life Insurance Policy as Your Family Grows
Life insurance is an essential safety net for families, providing financial security when it's needed the most. As your family grows, the importance of having a well-structured life insurance policy becomes even more critical. In the busy lives we lead today, it’s easy to overlook this crucial aspect of financial planning. However, ensuring your coverage meets your family's evolving needs is vital. - read more
Common Mistakes to Avoid When Comparing Life Insurance Policies
Common Mistakes to Avoid When Comparing Life Insurance Policies
Choosing the right life insurance policy is one of the most important decisions for Australians, especially for those who are middle-aged or older. Life insurance provides financial security for your loved ones in the event of your passing, ensuring that they are not burdened with financial hardships. - read more

Insurance News

ASIC Announces 2026 Enforcement Priorities for the Insurance Sector
ASIC Announces 2026 Enforcement Priorities for the Insurance Sector
23 Feb 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2026, placing a significant emphasis on the insurance sector. The regulator aims to address concerns related to misleading pricing practices, claims handling, and complaints processes within the industry. - read more
Australian Insurers Achieve Record Profits Amid Public Scrutiny
Australian Insurers Achieve Record Profits Amid Public Scrutiny
23 Feb 2026: Paige Estritori
The Australian general insurance industry has reported an after-tax profit of $7.3 billion for the last financial year, marking its strongest performance in over a decade. This significant profit surge is attributed to lower-than-expected catastrophe losses and robust investment returns. However, this financial success has intensified public scrutiny regarding pricing practices and fairness within the sector. - read more
Australian Commercial Insurance Rates Experience Significant Decline
Australian Commercial Insurance Rates Experience Significant Decline
23 Feb 2026: Paige Estritori
In the fourth quarter of 2025, the Australian commercial insurance market experienced an 8% decline in rates, representing the most significant drop globally during this period. This trend reflects intensified competition among insurers and a moderation of previous rate increases across various lines of business. - read more
Record Profits and Rising Premiums: Australian Insurers Under Scrutiny
Record Profits and Rising Premiums: Australian Insurers Under Scrutiny
23 Feb 2026: Paige Estritori
Australia's leading insurance companies have reported substantial profits, coinciding with significant increases in premiums for policyholders. This development has sparked concerns among consumers and advocacy groups regarding the transparency and fairness of premium pricing. - read more
Australian Insurance Sector Achieves Robust Profits in 2024
Australian Insurance Sector Achieves Robust Profits in 2024
23 Feb 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has released its quarterly industry aggregate insurance statistical publications for the December 2024 quarter, showcasing a strong financial performance across the insurance sector. - read more

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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.