APRA issues warning on group riskBY ALEX DUNNIN | MONDAY, 13 JAN 2014 12:15PMInsurance 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. Related News |
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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