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Showing 1 - 4 of 4 results for "IDII"

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
The Actuaries Institute has released sweeping recommendations to help fix the individual disability income insurance (IDII) sector that is currently at "risk of failure". The final recommendations follow a 12 month-review, led by an appointed Actuaries ...

APRA extends IDII overhaul deadline

KARREN VERGARA  |  THURSDAY, 13 MAY 2021
... has given life insurers another year to have the policy contract term measure for individual disability income insurance (IDII) in full force by 1 October 2022. The prudential regulator has acknowledged the challenges life insurers are facing, expressing ...

ClearView bolsters team

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... management," Kulikov said. "The life insurance industry's deteriorating performance over the past few years, due mainly to IDII but not exclusively, has forced insurers to review their products and pricing with a greater focus on sustainability. This ...

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... more than five years and ensure effective controls are in place to manage the risks associated with longer benefit periods. "IDII plays a valuable role in providing replacement income to policyholders when they are unable to work due to illness or injury. ...
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