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...

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