2007 life risk claims stats revealed
Mainstream life risk insurers paid a combined total of $2.098 billion in claims last year, according to a survey conducted by the risk store.
The research revealed that an average of $8.39 million came from AIG, AMP, Asteron, Aviva, AXA, CommInsure, ING, Macquarie, MLC, Tower and Zurich every working day during 2007.
Of the total amount, $211 million went to total and permanent disablement claims, while $245 million went to trauma payments.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
