As rising claims and mental health risks put pressure on disability insurance, APRA and ASIC are pushing insurers to improve product designs and sustainability.
The reinsurer said the virus lacks the aggregation and systemic exposure characteristics associated with COVID-19 and other widespread respiratory outbreaks.
The Australian regulator highlights emerging conduct, accountability and governance challenges as insurers expand AI use and distribution through digital platforms.
The development comes as Japanese life insurers are looking to lift portfolio yields after years of balance-sheet rebalancing ahead of new capital rules.
