Sentiment towards life insurance has shifted from asset to liability amid rising interest rates, cost-of-living expenses and demographic changes.
In what represents a major transaction, MLC Life and Resolution Life Australasia are to merge forming a new company, Acenda.
APRA has been asked whether some superannuation funds have disadvantaged members by using inappropriate default settings on life/TPD cover.
The latest claims data released by TAL has seen mental health conditions remain the top reason to claim benefits under IP or TPD covers.