Jason Cooper-Williams, Michael Prodehl
17 October 2017 | 14:45 – 15:45 | Bill Gallagher Room
Relevant practice area(s):Life Insurance
Suggested audience knowledge level: Foundational
The aim of the presentation is to give an overview of PHI/ disability income experience in the group market.
Firstly we look at some context.What did the industry experience in the 90’s?
From there we turn to look at the results released by some of the big insurance companies in the past year or two. Currently the industry is under severe pressure, with some of these insurance companies reporting massive losses due to PHI / disability income business.
Thereafter we take a high-level look at our internal experience, both the PHI/disability income incidence and termination rates.
Can we find any links between disability income experience and the economy?
What have we learnt from other markets who experienced similar losses (for example Australia) and how can we use this to improve our current situation?
How should we manage this going forward?