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Recent and significant regulatory changes within the Australian life insurance industry have left incumbent insurers scrambling to adjust their products and pricing on a very tight schedule. With a certainty of increased regulatory oversight from The Australian Prudential Regulation Authority (APRA), life insurers have a lot to consider as they tread carefully and quickly to comply with a number of new requirements.
Insurance pricing expert and actuary Matt Ralph digs into the heart of what’s at stake behind APRA’s recent requirements for Australian life insurers, their customers, and their position in the market.
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