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Australia's Life Insurance Sector Hits $1.2 Billion in FY23: KPMG theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space. ....
Life insurance profits in Australia have soared to $1.2 billion, doubling in the year to 30 June 2023, primarily due to gains in superannuation business, according to KPMG s annual market review. ....
The life insurance sector has stabilised but the long-term claims outlook remains uncertain due to the extent of anti-selective outcomes that have risen from the opt-in changes for superannuation members under 25, according to KPMG. ....
Australia’s life insurance sector stabilised in the 12 months to 30 June 2021, with overall premium income rising by 2.4 percent to $17.7bn, KPMG’s ....