Default insurance in super provides an important safety net for millions of Australians who may not otherwise take out or hold life insurance. What’s more, life insurance claims and disputes statistics issued by APRA in June 2019 indicated 84 cents in every dollar collected in premiums was paid back in claims to members – so the cover clearly offers good value. Nonetheless, new ways of working, coupled with an evolving regulatory landscape, presents a strong case for reviewing whether the current system adequately represents the changing profile of Australian members. A sign of changing times In recent years, as working...