Plant And Equipment Insurance Online :: News
SHARE

Share this news item!

Comprehensive 2025 Life Insurance Data Released by APRA and ASIC

Insights into Claims and Disputes in the Australian Life Insurance Sector

Comprehensive 2025 Life Insurance Data Released by APRA and ASIC?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly released the Life Insurance Claims and Disputes Statistics for the year ending December 31, 2025.
This publication provides a detailed analysis of the performance of the Australian life insurance industry, offering valuable insights for policyholders and industry stakeholders alike.

The report encompasses data from 13 Australian life insurers engaged in direct business, excluding reinsurance activities. Key metrics include claims acceptance rates, the duration taken to settle claims, the volume of disputes, and policy cancellation rates. Such comprehensive data is instrumental in assessing the reliability and efficiency of life insurers operating within Australia.

In conjunction with this release, ASIC has updated its MoneySmart Life Insurance Claims Comparison Tool. This online resource enables consumers to compare insurers across various cover types and distribution channels, facilitating informed decision-making when selecting life insurance products.

For policyholders and potential customers, this data serves as a crucial resource to assess the reliability and performance of life insurers in Australia. It highlights the importance of transparency and accountability within the industry, ensuring that consumers can make informed choices about their life insurance coverage.

As the life insurance sector continues to evolve, such publications play a vital role in maintaining trust and confidence among consumers. They also provide insurers with valuable feedback to improve their services and address any areas of concern identified through claims and disputes data.

Published:Thursday, 14th May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Insurance News

APRA's Updated Reinsurance Framework: What Insurers Need to Know
APRA's Updated Reinsurance Framework: What Insurers Need to Know
14 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has recently refined its reinsurance framework to facilitate insurers' access to alternative reinsurance arrangements, including insurance-linked securities (ILS) and catastrophe bonds. This initiative aims to balance the need for flexibility in reinsurance options with the imperative of protecting policyholders. - read more
APRA's New Capital Treatment for Longevity Products: Implications for Insurers
APRA's New Capital Treatment for Longevity Products: Implications for Insurers
14 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has finalised amendments to its prudential standards concerning the capital treatment of longevity products, including annuities. These reforms are designed to bolster the market for retirement income solutions by aligning capital requirements more closely with the long-term nature of these products. - read more
The Rising Cost of Regulatory Compliance in Australia's Insurance Sector
The Rising Cost of Regulatory Compliance in Australia's Insurance Sector
14 May 2026: Paige Estritori
Australia's general insurers are raising concerns about the escalating costs associated with regulatory compliance, which they estimate to be up to $3.5 billion annually. This substantial financial burden is reportedly contributing to higher premiums and affecting the industry's productivity. - read more
Comprehensive 2025 Life Insurance Data Released by APRA and ASIC
Comprehensive 2025 Life Insurance Data Released by APRA and ASIC
14 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly released the Life Insurance Claims and Disputes Statistics for the year ending December 31, 2025. This publication provides a detailed analysis of the performance of the Australian life insurance industry, offering valuable insights for policyholders and industry stakeholders alike. - read more
TAL and Acenda Recognised in Money Magazine's 2026 Life Insurer Awards
TAL and Acenda Recognised in Money Magazine's 2026 Life Insurer Awards
14 May 2026: Paige Estritori
Money magazine has announced the winners of its 2026 Life Insurance Awards, recognising outstanding performers in the Australian life insurance sector. TAL has been named Life Insurer of the Year across both group and direct insurance categories, while Acenda has secured the title of Life Insurer of the Year in the advised insurance category. - read more
Click for more Insurance News


Equipment Insurance Articles

Understanding Owned vs. Hired-In Plant Insurance: A Comprehensive Guide for Australian Businesses
Understanding Owned vs. Hired-In Plant Insurance: A Comprehensive Guide for Australian Businesses
Understanding plant and equipment insurance is crucial for any contractor in Australia. This type of insurance protects your valuable machinery and tools from unforeseen events that could disrupt your business. Without proper coverage, equipment damage or loss can lead to significant financial strain, potentially jeopardizing your operations. - read more
General Liability Insurance vs. Plant and Equipment Insurance: What You Need to Know
General Liability Insurance vs. Plant and Equipment Insurance: What You Need to Know
When it comes to running a business, insurance is one of those things that often gets overlooked. However, understanding the different types of insurance is crucial for protecting your business assets and ensuring your peace of mind. Among the many options available, plant and equipment insurance is vital for businesses that rely on machinery and various tools. - read more
What Paperwork is Necessary When Applying for Plant and Equipment Insurance?
What Paperwork is Necessary When Applying for Plant and Equipment Insurance?
In the bustling world of business, safeguarding your assets is crucial. This is especially true for industries reliant on machinery and equipment. One essential type of coverage for such businesses is plant and equipment insurance. It provides financial protection against risks associated with the loss or damage of your essential tools. - read more
Understanding Plant and Equipment Insurance: A Guide for Small Business Owners
Understanding Plant and Equipment Insurance: A Guide for Small Business Owners
When it comes to running a small business, particularly in sectors like construction, having the right insurance is essential. This is where plant and equipment insurance comes into play. It protects your valuable machinery and tools, allowing you to focus on your projects without the constant worry of potential financial loss. - read more
What does plant and equipment insurance cover?
What does plant and equipment insurance cover?
Plant and equipment insurance is a specialized form of coverage designed to protect the tools and machinery that businesses rely on for their operations. This type of insurance typically covers various assets, including construction machinery, agricultural equipment, and industrial tools. By safeguarding these critical assets, you can ensure that your business continues to run smoothly even in the event of loss or damage. - read more

Knowledgebase
Professional indemnity:
An insurance that provides cover for liability incurred in the course of exercising a profession.

Quick Links: | Commercial Plant And Equipment Insurance | Plant And Machinery Insurance | Mobile Plant Insurance | Construction Equipment Insurance | Heavy Machinery Insurance | Earthmoving Equipment Insurance | Contractors Plant Insurance | Industrial Equipment Insurance | Plant Hire Insurance | Machinery Breakdown Insurance | Equipment Liability Insurance
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.