Financial Standard Comments - APRA issues warning on group risk Insurance regulator the Australian Prudential Regulation Authority (APRA) has issued a warning that while the overall life insurance is in reasonable financial shape, sustained pressure on the group risk sector is becoming a strategic threat that insurers must actively manage. https://www.financialstandard.com.au/feed/latest?story=37143512 Mon, 13 Jan 2014 15:20:07 +1100 Mon, 13 Jan 2014 15:20:07 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Bill Brown (Estate Forethought)

Alex

If one waits long enough eventually APRA stirs. Its been a problem for 5 years since TAL bid miles too much for Oz Super

Re actuaries-its puzzled me how actuaries have been able to sign off on these deals. Finally a warning !!!

I argue the losses in Group Super have been driving the " less commissions on risk " debate. The insurers want IFAs to pay for their blunders and frolics

The soon as the ISN lot pay the real freight for group cover the better for everyone

Reply to article

For original story, Click Here.

]]> Bill Brown (Estate Forethought) Mon, 13 Jan 2014 15:20:07 +1100