{"id":28744,"date":"2015-02-17T18:34:38","date_gmt":"2015-02-17T07:34:38","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=28744"},"modified":"2025-09-02T11:34:36","modified_gmt":"2025-09-02T01:34:36","slug":"7-billion-in-claims-paid","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2015\/02\/17\/7-billion-in-claims-paid\/","title":{"rendered":"$7 Billion in Claims Paid"},"content":{"rendered":"<p><span style=\"line-height: 1.5em;\">The Australian life insurance industry paid more than $7 billion in claims in 2014, according to the latest figures from the Australian Prudential Regulation Authority (APRA).<\/span><\/p>\n<p><!--more-->Reporting on the performance of the life insurance sector for the period ending 31 December 2014, APRA\u2019s figures show that $7.032 billion was paid in death and disability claims over the past year. This is up considerably on the previous year\u2019s figure of $6.259 billion.<\/p>\n<p>Net profit after tax for the total industry was $2.5 billion for the year ending 31 December 2014. This represented an increase of 23.4% on the previous year. The December quarterly profit result was also up, at $711 million, compared with $527 million for the September 2014 quarter.<\/p>\n<p>Risk products achieved an after tax profit of $134 million for the quarter. Individual risk products contributed $34 million and group risk products contributed $100 million to this figure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian life insurance industry paid more than $7 billion in claims in 2014, according to the latest figures from the Australian Prudential Regulation Authority (APRA).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8294,48,3],"tags":[],"class_list":["post-28744","post","type-post","status-publish","format-standard","category-claims","category-company-news","category-general","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/28744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=28744"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/28744\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=28744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=28744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=28744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}