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Suncorp looking to work with regulators amid revenue downturn

Suncorp “working closely with the New Zealand Government and regulators on the Conduct and Culture review of the life insurance industry.”

Suncorp, the parent company of Asteron Life and AA Life, has made a pledge to work alongside the government and regulatory bodies to ensure a fairer outcome for customers. Reprioritisation arises while the life insurance sector of the company has experienced a nearly 24% decline in net profits; although overall Suncorp operations experience an increase of 79.1% when compared to the prior corresponding period.

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