FINEOS White Paper: Recent Trends in the Australian Disability Income Protection Insurance Market. Are There Lessons for Other Markets?

The Australian Life insurance market accounts for 1.67% of the world market but in recent years has been “punching above its weight” when it comes to the impact on global reinsurers. The deterioration in profitability in the Australian Income Protection market has flowed through to the results of the major reinsurers. It is a valuable exercise to understand the factors behind this deterioration and consider whether there are lessons for other markets.