Misperceptions about IP cover a red flag for life industry

Nearly half of consumers who currently have income protection insurance believe they would be covered in the event of job loss, new research from CoreData has found. The research, based …

One in five believe avoiding a recession is worth 106,000 lives

More than one in five Australians are willing to see tens of thousands of their compatriots fall victim to COVID-19 if it means the country will avoid going into a …

Baby boomer personal finances hit hard by COVID-19

While millennials are feeling the effects of the pandemic on their mental health and wellbeing, CoreData research shows baby boomers are being hit harder in the hip pocket by COVID-19.  …

Stimulus staves off household bill stress, but for how long?

There’s no doubt the Federal Government’s stimulus package has provided a much-needed financial boost to many Australian households. In fact, recent research from CoreData suggests it’s had a direct impact …

APRA data shows DII claims payout ratio continues to rise

The latest life insurance claims and disputes data from APRA appears to throw weight behind the hefty intervention into the disability income insurance (DII) sector late last year. Statistics for …

Australians begin to adjust to the ‘new normal’

It’s been a month since the Federal government took drastic action to stop the spread of coronavirus in Australia, mandating the closure of many businesses and implementing stricter social distancing …

Bill stress on the rise as Australians face a new reality

New research by CoreData reveals that the COVID-19 pandemic has seen the number of Australians in a ‘good’ financial position and comfortably able to pay their household bills decline to …

Australians taking action amid COVID-19 pandemic to secure their financial future

The pseudo-lockdown of Australia’s economy has changed everyday life dramatically, and while social media will emphasise the extreme behaviours, CoreData is focused on the practical actions Australians are taking to …

The mood improves as governments stimulate public sentiment

As Australia headed into Easter, the original epicentre of the COVID-19 outbreak formally lifted strict lockdowns that had been in place for over two months. Although hardly out of the …

Deteriorating mental health a concern for the beleaguered income protection sector

Life insurance has typically been considered a recession-proof industry. This is partly because the need for insurance doesn’t go away during an economic slowdown – in fact, the need to …