How premium re-pricing helped group insurers : vimarsana.com

How premium re-pricing helped group insurers


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The Government’s Protecting Your Super (PYS) legislation has certainly dragged on the major life insurers, but it has not been all bad balance sheet news, according to specialist life/risk research house, Dexx&r.
The latest Dexx&r analysis has found that while the PYS measures meant fewer members had default cover, re-pricing existing benefits had enabled life companies active in the group market to increase total premium received.
It noted that total in-force group risk premium increased by 2.1% from $6.1 billion at September, 2019, to $6.2 billion over the 12 months to September, 2020.
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