From www.insurancebusinessmag.com: A report from NobleOak shows that 60% of Australians now hold life insurance policies, up from 55% last year, but confusion about key terminology persists, with only 30% understanding “fully underwritten” insurance.

Financial confidence among Australians has improved, yet disparities exist, particularly across gender and professions, with 23% of policyholders feeling their insurance is inadequate.

The report highlights increasing claims and disputes within the insurance industry, reflecting ongoing regulatory scrutiny.