Sun, 3rd Aug 2025 - Insurance News Wrap

What this episode covers

This week's Insurance News Wrap highlights significant upcoming changes in the Australian life insurance industry. Peter Kell will lead a review of the Life Insurance Code of Practice, looking to enhance consumer outcomes in aspects like mental health claim handling. Meanwhile, a dispute resolution clarified policy understanding in a case between PetSure and the Financial Complaints Authority. In the midst of stagnant growth, Australia's retail life insurance sector remains optimistic, tapping into the potentially large market of underinsured Australians over age 35. Lastly, stalled reforms in New South Wales' workers' compensation scheme could increase premiums and exclude workers with psychological impairments from benefits. Stay tuned for the latest updates in the evolving insurance landscape.

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When was this Insurance News Wrap episode published?

This episode was published on August 2, 2025.

What is this episode about?

This week's Insurance News Wrap highlights significant upcoming changes in the Australian life insurance industry. Peter Kell will lead a review of the Life Insurance Code of Practice, looking to enhance consumer outcomes in aspects like mental...

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