riskinfo.com.au
Open in
urlscan Pro
35.201.7.29
Public Scan
Submitted URL: https://email.trafffic.com/t/r-l-tilhdjik-thmdykjn-c/
Effective URL: https://riskinfo.com.au/news/2023/10/17/sharp-increase-in-disputes-lodged-for-individual-advised-life/?utm_medium=email&...
Submission: On November 01 via manual from AU — Scanned from AU
Effective URL: https://riskinfo.com.au/news/2023/10/17/sharp-increase-in-disputes-lodged-for-individual-advised-life/?utm_medium=email&...
Submission: On November 01 via manual from AU — Scanned from AU
Form analysis
2 forms found in the DOMGET https://riskinfo.com.au/news/
<form method="get" class="td-search-form" action="https://riskinfo.com.au/news/">
<!-- close button -->
<div class="td-search-close">
<a href="#"><i class="td-icon-close-mobile"></i></a>
</div>
<div role="search" class="td-search-input">
<span>Search</span>
<input id="td-header-search-mob" type="text" value="" name="s" autocomplete="off">
</div>
</form>
GET https://riskinfo.com.au/news/
<form method="get" class="td-search-form" action="https://riskinfo.com.au/news/">
<div role="search" class="td-head-form-search-wrap">
<input id="td-header-search" type="text" value="" name="s" autocomplete="off"><input class="wpb_button wpb_btn-inverse btn" type="submit" id="td-header-search-top" value="Search">
</div>
</form>
Text Content
* News * Round Tables * Resource Centre * Live Quotes * Calendar * Adviser Tools * Adviser Focus * CPD Points * Case Studies * UW Requirements * Register * Sign in Welcome!Log into your account your username your password Forgot your password? Password recovery Recover your password your email Search Wednesday, November 1, 2023 Sign in Welcome! Log into your account your username your password Forgot your password? Get help Password recovery Recover your password your email A password will be e-mailed to you. riskinfo » News * News * Round Tables * Resource Centre * Live Quotes * Calendar * Adviser Tools * Adviser Focus * CPD Points * Case Studies * UW Requirements * Register * * Compliance & Regulation * General SHARP INCREASE IN LIFE INSURANCE DISPUTES October 17, 2023 0 There has been a “sharp increase” in the dispute lodgement ratios for individual advised life insurance products since June 2021, according to APRA’s latest statistics. APRA’s Life insurance Claims and Disputes Statistics publication, covering 1 July 2022 to 30 June 2023, presents the key industry-level claims and disputes outcomes for 17 Australian life insurers writing direct business. Source: APRA’s Life insurance Claims and Disputes Statistics publication. APRA explains that the dispute lodgement ratio is defined as the number of disputes lodged per 100,000 lives insured. The regulator also notes the dispute lodgement ratios for DII and Funeral have “…increased considerably over time, due to recent regulatory focus.” Another area APRA highlights is original decision reversed by channels, for the year ended June 2018 to June 2023 noting “…the original decision reversed rates across all distribution channels have been trending downwards since December 2021.” Source: APRA’s Life insurance Claims and Disputes Statistics publication. It says the original decision reversed rate “…is defined as the number of disputes with original decision reversed as a percentage of the number of disputes lodged in the same period.” When looking at original decision reversed by cover types, APRA states that rates across all cover types have also been trending downwards since December 2021. Facebook Twitter Linkedin Email Print Previous articleNew ClearView Partnership to Support Customers With Cancer Next articleLatest AIA Priority Protection Update agray Please enable JavaScript to view the comments powered by Disqus. RELATED ARTICLESMORE FROM AUTHOR FUTURE OF RISK ADVICE – GLASS REMAINS HALF EMPTY ADVICE SECTOR SHOWS FAITH IN LIFEBID FAAA MEMBERSHIP UPDATE NEWS ARCHIVES News Archives Select Month October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 December 2015 November 2015 October 2015 September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 May 2008 April 2008 March 2008 February 2008 MOST CLICKED ARTICLES – LAST 30 DAYS * New Retail Insurance Team Structure – AIA Australia * Over 200 Possible Breaches of Life Code Reviewed * Latest AIA Priority Protection Update * Key Executive Changes -TAL * Sharp Increase in Life Insurance Disputes MONTHLY WRAP ARCHIVES Select Month July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 2022 Annual Wrap November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 2021 Annual Wrap November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 2020 Annual Wrap November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 2019 Annual November 2019 October 2019 September 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 2018 - The Year That Was November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 2017 - The Year That Was November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 2016 - The Year That Was November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 * News * Round Tables * Resource Centre * Live Quotes * Calendar * Adviser Tools * Adviser Focus * CPD Points * Case Studies * UW Requirements * Register * © Riskinfo | Contact Us | Disclaimer | Privacy