Strong top-line expansion in retail health, combined with operational cost efficiencies and lower claims ratios, supported the turnaround in underwriting profitability.
Policyholders of Cigna, Great Eastern, HSBC Life, Income Insurance, Singlife and Tokio Marine among those affected by the attack on the third-party administrator.
The government revived the blocked proposal, maintaining that the resulting savings are needed to expand aged care capacity and support older Australians.
The proposed transaction is expected to deepen cooperation between the companies across group medical and general insurance, subject to the satisfaction of multiple closing conditions.
The change is expected to have a significant financial impact on lower-income older Australians, including pensioners and part-pensioners, while placing additional pressure on the public hospital syst...
