As rising claims and mental health risks put pressure on disability insurance, APRA and ASIC are pushing insurers to improve product designs and sustainability.
The insurer says much of the impact will fall on households, with unpaid care projected at 123 million hours and 42% of treatment costs paid out of pocket by 2030.
Peter Kell's phase-one findings also tackle enforceability, vulnerability support, and First Nations engagement — with stakeholder feedback open until 8 May 2026.
Swiss Re reports that Australian life insurers achieve a A$26.89 return for every A$1 spent on rehabilitation, but most claimants are referred after long delays.
Underdeveloped flexibility for large corporate clients, limited utilisation of employee assistance programmes, and scattered preventive care facilities flagged as key challenges for Indian health insurers....
Reinsurer said it will focus on working with existing clients and regulators to redesign products "that respond to changing societal needs and give consumers more certainty."
