US EditionAPRA Calls for Transparency and Product Innovation
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APRA Calls for Transparency and Product Innovation
APRA wants life insurers to provide greater transparency, improved product design, and more sustainable pricing practices to reduce surprise premium rate hikes for consumers. In an open letter to insurers published last week, APRA said that over the past five years policyholders have seen significant premium increases – driven by: Age-based pricing Cover indexation Rising […]
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