Compliance, Data insight, Industry associations, Life and Health, Market report, Op Risk, Risk

Australian life insurance code breaches rise for third year, but impact fewer customers

The Life Insurance Code Compliance Committee reports 9% rise in breaches in 2022-23, but 47% reduction in number of customers impacted.

Editorial team

April 9, 2024

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4 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.