Browsing: APRA

This article examines life insurance claims management practices, highlighting behaviors that can be perceived as bullying. Drawing on real-life examples, it explores instances of psychological bullying, including claimant shut-out, attack as defense, onerous requirements, and change mismanagement. The piece aims to give a voice to claimants and raise awareness about potentially harmful behaviors.

The Australian Prudential Regulation Authority (APRA) has implemented adjustments to reporting standards related to superannuation data, investment exposures, and RSE profiles.

Rising insurance premiums in Australia are driven by extreme weather events and regulatory inefficiencies, creating a crisis in the insurance sector.

The Council of Australian Life Insurers (CALI) has expressed support for APRA’s consultation on annuity products, which aims to improve capital settings and encourage wider adoption.