Keyman Insurance Australia :: Articles

Keyman Insurance Australia Articles

Keyman Insurance Australia recommends the following articles which we hope you find of interest.

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Life Insurance Articles

The Critical Role of Key Employee Protection in Your Business Strategy
The Critical Role of Key Employee Protection in Your Business Strategy
Key personnel insurance is a vital component of a robust business strategy. But what exactly does it entail? Essentially, this type of insurance provides financial protection to businesses against the loss of essential staff members whose absence could critically disrupt operations. - read more
Is Keyman Insurance Worth It? A Deep Dive into the Financial Advantages
Is Keyman Insurance Worth It? A Deep Dive into the Financial Advantages
Keyman insurance is a specialised type of coverage designed to protect businesses from the financial impact of losing critical personnel. This insurance focuses on individuals who play a pivotal role in the operational success of the company, such as founders, directors, or any team members whose absence could disrupt daily functions significantly. - read more
Key Personnel Insurance: A Critical Component of Your Business Strategy
Key Personnel Insurance: A Critical Component of Your Business Strategy
Key personnel insurance, sometimes known as key man insurance, is a form of business insurance designed to protect a company from financial loss due to the death or incapacity of an essential member of the business. This type of policy provides the business with a financial cushion to weather the storm of losing key staff members who are crucial to operations. - read more
Understanding Keyman Insurance: A Safety Net for Business Owners
Understanding Keyman Insurance: A Safety Net for Business Owners
Keyman insurance, often an overlooked component of business planning, is an invaluable tool for startups and established companies alike. This type of insurance provides coverage in the unfortunate event that a key individual, usually someone whose expertise, knowledge, or skill is crucial to the company's success, becomes unable to work due to death, disability, or critical illness. - read more

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.


Insurance News

What the Life Insurance Code review could mean for key person cover
What the Life Insurance Code review could mean for key person cover
01 Jul 2026: Paige Estritori
Australia’s life insurance rule book is set for a significant rethink after the independent review of the Life Insurance Code of Practice released its final report on 30 June 2026. The review recommends 85 measures, with most requiring changes to the Code that guides how life insurers design products, communicate with customers, handle claims and support people in vulnerable circumstances. - read more
What Acenda�s Workplace Dispute Means for Life Insurance Customers
What Acenda’s Workplace Dispute Means for Life Insurance Customers
24 Jun 2026: Paige Estritori
Acenda, one of Australia and New Zealand’s largest life insurance groups, is facing fresh scrutiny after the Finance Sector Union raised concerns about a proposed enterprise agreement for staff. The dispute follows a period of major integration after the combination of the former MLC Life Insurance business, Resolution Life Australasia and Asteron Life New Zealand under the Acenda Group. - read more
APRA and ASIC Address TPD Insurance Sustainability Challenges
APRA and ASIC Address TPD Insurance Sustainability Challenges
17 Jun 2026: Paige Estritori
In a recent joint CEO roundtable, the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) highlighted the pressing need for life insurers to take decisive action to address sustainability challenges in the Total and Permanent Disability (TPD) insurance market. - read more
Surge in Income Protection Payment Delays Raises Concerns
Surge in Income Protection Payment Delays Raises Concerns
17 Jun 2026: Paige Estritori
Recent findings from the Life Insurance Code Compliance Committee (Life CCC) have revealed a 67% increase in violations related to timely income protection payments. This surge raises significant concerns about insurer compliance and the impact on customers who rely on these benefits during challenging times. - read more

Knowledgebase
Underwriting:
The process by which an insurer determines the risk of insuring a client and decides the terms of coverage.