2007 life risk claims stats revealed
Mainstream life risk insurers paid a combined total of $2.098 billion in claims last year, according to a survey conducted by the risk store.
The research revealed that an average of $8.39 million came from AIG, AMP, Asteron, Aviva, AXA, CommInsure, ING, Macquarie, MLC, Tower and Zurich every working day during 2007.
Of the total amount, $211 million went to total and permanent disablement claims, while $245 million went to trauma payments.
Recommended for you
Clime’s disposal of advice licensee Madison “needed to happen yesterday”, managing director Michael Baragwanath has told Money Management, as he concludes a severe cost-out period at the business.
As Viola Private Wealth continues on its growth trajectory, the wealth management firm has appointed a seasoned investment professional to be its first chief investment officer.
Financial advisers who wish to implement artificial intelligence in their practices need to undergo a change in their mindset as to how they use technology.
With United Global Capital expected to constitute a substantial portion of CSLR compensation in FY25–26, what has AFCA ruled in its determinations on the company so far?
