In the first of a two-part series, Greg Bird and Danny Bechara from the Institute’s Disability Insurance Taskforce provide the background surrounding the impetus in forming the Taskforce, the approach taken and an outline of some of the key provisional findings and recommendations made.
The Australian insurance industry will sail through a wind of change during 2021 and 2022, as changes to insurance laws recommended by the Hayne Royal Commission come into effect.
The general insurance industry has reported an ITR of 3% (six points lower than FY19) and a ROE of just 4% (almost 10 points lower than FY19 and the worst in almost two decades), according to an annual actuarial firm report released.
As part of our blog article 'What is the relationship between unemployment rate and disability claims experience?' we conducted a survey to collect actuaries’ views on the relationship between unemployment rate and disability claims costs.
