Insurance
Asteron to push level premium policies
Friday 12th of July 2013
Asteron managing director David Carter says lapses and unprofitable policies are a huge problem for the insurance industry.
According to his numbers, a 1% increase in lapse rates means premiums have to go up 5% to compensate for the loss of business.
Lapse rates have been rising and this is partly due to affordability and, to some extent, adviser behavior.
For a life...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.