Sean Carmody acknowledged that reducing Australia's protection gap is a 'wicked problem', but he encouraged insurers to take ownership and find opportunities to make a difference.
New Zealand insurers earnings impacted following acquisition of Westpac Life, but improvements anticipated due to increased operational scale and technological capabilities.
Insurance Commission increases CMVLI limits for third-party liability, death indemnity, and no-fault indemnity — while stipulating rates set in 2006 are to remain.
