Filed Under:Markets, Employee Benefits

Australia disability market woes hit RGA

(AP photo/Jason DeCrow)
(AP photo/Jason DeCrow)

Australia is trying to overhaul the public programs that protect citizens against the risk of disability, but problems with existing commercial disability products are what's giving insurers there headaches today.

Reinsurance Group of America Inc. has responded to the trends in the Australian disability market by suspending all new sales of one type of reinsurance -- for group total and permanent disability in Australia -- and being "extremely selective" in other areas of the country's group insurance market.

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Nichole Morford

Nichole Morford
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