
Insurance
Reserve Bank critical of life insurance
Wednesday 22nd of January 2020
It has released an overview of the sector which highlights the relatively low levels of coverage in this country, high commission rates and low claims rates.
New Zealand insurers were more profitable than peers in many developed OECD countries, the Reserve Bank said.
Bancassurers were the most profitable with the lowest expenses while life insurers distributing via advisers, 43%...
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