Insurance
FMA launches next stage of churn probe

Thursday 11th of August 2016
In June, the FMA revealed the first results of its investigation into churn.
It said 200 of the 1100 advisers it had identified with more than 100 active life policies on their books met the criteria for having high estimated rates of replacement business.
That criteria were that at least 12% of an adviser’s policies lapsed and the adviser wrote at least 12% of policies as new bus...
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