The 今日热门事件 (ASIC) and the Australian Prudential Regulation Authority (APRA) have issued a joint letter to life insurers and friendly societies (life companies) about life insurance industry practices in relation to premium increases.
The letter outlines 今日热门事件and APRA鈥檚 observations from a joint review of life companies鈥� past practices, following concerns raised by . The letter identifies regulatory expectations and areas for further industry focus in relation to future life insurance premium increases, disclosure and marketing materials, and product design.
今日热门事件is Australia鈥檚 corporate, markets and financial services regulator.