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AFIA Introduces Revised Code to Elevate Insurance Premium Funding Standards

New Edition Aims to Boost Trust and Transparency in the Insurance Sector

AFIA Introduces Revised Code to Elevate Insurance Premium Funding Standards?w=400

⚠️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.

The Australian Finance Industry Association (AFIA) has released the second edition of its Insurance Premium Funding (IPF) Code of Practice, introducing updated requirements for providers and reinforcing industry-wide standards.

This revision reflects the industry's commitment to enhancing governance and transparency, particularly as businesses and individuals navigate economic challenges.

The updated code serves as a framework for responsible conduct among insurance premium funding providers, aligning the sector with current market practices and regulatory expectations. It emphasises the importance of ethical behaviour, clear communication, and customer-centric practices.

For personal trainers and fitness professionals, understanding these changes is crucial when selecting insurance providers. The revised code aims to ensure that insurers adhere to higher standards of service and transparency, which can directly impact the quality and reliability of coverage offered.

By staying informed about such industry developments, fitness professionals can make more informed decisions about their insurance needs, ensuring they choose providers that align with best practices and offer comprehensive protection for their businesses.

In summary, AFIA's updated IPF Code of Practice represents a positive step towards strengthening trust and transparency in the insurance sector. For fitness professionals, it underscores the importance of partnering with insurers committed to upholding these enhanced standards.

Published:Saturday, 7th Feb 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Knowledgebase

Elimination Period:
The time period between an injury and the receipt of benefit payments from an insurer, particularly in disability insurance.

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