The Australian Prudential Regulation Authority (APRA) today released its Quarterly Life Insurance Performance Statistics publication for the June 2021 quarter.
The update provides an industry level view including showing premium growth and profitability by line of product. It clearly shows the serious problem with income protection contracts that has led to substantial changes being imposed by the regulator.
As a guide to the sector in Australian it is excellent. It is also an exemplar of how sector level information could be provided for the benefit of consumers, advisers, and the industry. Link.
Other daily news:
FMA Covid-19 Update – Essential Services, AML/CFT Reports and Financial Licensing and more. Link.
CDC Study reveals unvaccinated people are 29 times more likely to land in hospital with Covid-19. Read the article here: Unvaccinated people are 29 times more likely to land in the hospital with COVID-19 than those who got the shot, a new CDC study reveals (businessinsider.com.au)
Partners Life Product changes and Benefit Improvements effective 12 July 2021: Download Product Changes and Benefit Improvements effective 12 July 2021