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Life insurers brace for $1.5b hit from lockdown side effects Jul 4, 2021 – 4.00pm Share Life insurers have set aside more than $1.5 billion to prepare for extra claims from the expected wave of increased morbidity tied to COVID-19 lockdowns, as fewer Australians visit doctors for screening and fears grow about mental health deterioration. Clearview’s Simon Swanson.  James Alcock One of Australia’s top insurers, the Japan-headquartered TAL, booked a $130 million hit to its future profit margins because of a change in its assumptions for increased rates of morbidity, according to its financial accounts for the year ended March, which were lodged with the regulator last week.

South australiaSimon swansonMonash universityAustralian prudential regulation authorityNational australia bankActuaries instituteNippon lifeClearview wealthAustralian securities exchangeAustralian financialதெற்கு ஆஸ்திரேலியாசிமோன் ஸ்வான்சன்மோனாஷ் பல்கலைக்கழகம்ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம்தேசிய ஆஸ்திரேலியா வங்கிசெயல்பாடுகள் நிறுவனம்