Adviser Insights

March 11, 2021
Are we there yet?

Australia’s life insurance has faced significant struggles recently and is in the process of restructuring: Profits have trended down from their 2015 peak of AUD3.2bn, to a AUD100m loss last year; similarly, advised new sales have trended downwards consistently since 2013, on the back of regulatory imposts and reduced shareholder appetite. When will the industry bottom out?

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