Insurance
AMP's new business levels hammered
Wednesday 22nd of August 2012
While AMP remains the second largest life insurer, accounting for 19.53% of in force business at June 30, it accounted for only 4.49% of new business, or just $2.14 million, written in the latest quarter in term, trauma, replacement income and lump sum disablement policies. The percentage figures include the 12 Financial Services Council members and Partners Life.
AMP had accounted for 8...
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