The discussions in this article are not reflected in reality with all insurance companies dramatically increasing premiums over the last four years. The only reason they would not be profitable would be ridiculous salaries paid to mediocre staff.Given risk advisers have had to take a 40-50% cut in salaries, the simple answer to make life companies profitable would be to reduce middle management and exec salaries by the same number. This would then avoid the need for gouging the consumer to prop up poor underwriting from the past.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional