Advisers’ role in health insurance is likely to grow over the coming years, Southern Cross Health Society chief executive Peter Tynan says.
The society has reported a year-end deficit of $1.1 million, which he said was due to higher-than-expected-claims, predominantly driven by orthopaedic procedures and specialist consultations.
For every $1 of premium, the society returned 90.4 cents in claims. Southern Cross said the rest of the health insurance industry returned an average of only 67.5 cents.
Over the financial year, it earned $738...MORE»
Wednesday, September 10th, 7:32PM
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