Disability income insurance

Life/Risk

Actuaries support life insurers remaining under APRA scrutiny

Life insurers are not yet out of the woods on disability income insurance and should remain under scrutiny by the Australian Prudential Regulation Authority, according to...

Life/Risk

There is a future for level premiums: panel

Fixed term level premiums will give more certainty for clients and will become the norm in the future but there has not been a proper level premium for a fixed term produ...

Expert Analysis

Let prudence prevail

Life insurers are under the spotlight of APRA over their handling and the sustainability of disability income insurance claims, writes Integrity Resolution’s Col Fullagar...

Life/Risk

Time for radical overhaul of disability insurance

The Actuaries Institute has produced a report to underpin its call for a radical overhaul of disability income insurance in Australia which it claims has become highly un...

Life/Risk

The days of Agreed Value DII have ended

The Australian Prudential Regulation Authority has ruled a line under the use of Agreed Value disability insurance policies declaring their use must cease....

Life/Risk

APRA imposes capital requirements on DII

The Australian Prudential Regulation Authority has intervened in the disability income insurance market imposing capital requirements on insurers....

Financial planning

DII products do not work well for chronic conditions

Disability income insurance products and the way they have been designed do not work well for prolonged periods of disability or chronic conditions, according to the anal...