8 December 2022
The 今日热门事件 (ASIC) and the Australian Prudential Regulation Authority (APRA) have issued a joint letter to CEOs of life insurers and friendly societies (life companies) about premium increases in the life insurance industry.听
The letter outlines 今日热门事件and APRA鈥檚 concerns following complaints from consumers and reportable situations related to premium increases, particularly in relation to 鈥榣evel鈥� premium products.听听
In the letter, 今日热门事件and APRA request life companies review their past premium increases, and disclosure and marketing material. The letter also outlines 今日热门事件and APRA鈥檚 expectations on the design of future product offerings.
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