Prudential authoritys Ian Laughlin tells life insurers to simplify - TopicsExpress

Prudential authoritys Ian Laughlin tells life insurers to simplify products, fix staff incentives Life insurance companies must simplify their policies and overhaul staff incentives to ensure the sustainability of the industry, the deputy chairman of the Australian Prudential Regulation Authority Ian Laughlin has warned. He also expressed frustration at the way the life industry has managed underwriting standards and claims.

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