{"id":47229,"date":"2019-11-15T10:51:08","date_gmt":"2019-11-14T23:51:08","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=47229"},"modified":"2025-09-02T11:33:53","modified_gmt":"2025-09-02T01:33:53","slug":"latest-apra-claims-data-reinforces-adviser-value","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2019\/11\/15\/latest-apra-claims-data-reinforces-adviser-value\/","title":{"rendered":"Latest APRA Claims Data Reinforces Adviser Value"},"content":{"rendered":"

Latest APRA claims data continues to reinforce the value of financial advisers when the rubber hits the road.<\/p>\n

In what it has positioned as a ‘world-leading’ value-add for consumers, the corporate regulator, in association with ASIC, has released its rolling six-monthly Life Insurance Claims and Disputes Statistics Report<\/a> for the year to 30 June 2019.<\/p>\n

Not unsurprisingly, the key metrics remain similar to those reported for the 12 months to 31 December 2018.<\/p>\n

While individual advised claims metrics surpass those of individual non-advised metrics, one of the few key statistics that experienced a bump in the last six months was that of TPD admissions for unadvised claims.<\/p>\n

In the 2018 calendar year, 87% of individually-advised TPD claims were admitted, compared with 59% of non-advised claims (see: ASIC Releases ‘World Leading’ Life Insurance Claims Data<\/a>). The latest data to 30 June 2019, however, reveals a small decrease in advised TPD claims admittance (87% to 85%), and a statistically-significant increase in individual non-advised claims admitted (59% to 73%).<\/p>\n

Meanwhile, ASIC’s MoneySmart Life Insurance Claims Comparison Tool<\/a> has been updated with the most current metrics, including latest TPD claims data for the year to 30 June 2019…<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Latest APRA claims data continues to reinforce the value of financial advisers when the rubber hits the road.<\/p>\n","protected":false},"author":3,"featured_media":47248,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8294,8,3],"tags":[4247],"class_list":{"0":"post-47229","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-claims","8":"category-compliance-regulation","9":"category-general","10":"tag-feature"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/47229","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=47229"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/47229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/47248"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=47229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=47229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=47229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}