An industry commentator is urging the Financial Services Council to make public its quarterly member statistics. But one insurance boss says if that's going to happen, the Council will have to up its game.
They comprise new business per quarter per member company and in-force premium income. The data covers all risk products.
Consultant David Whyte, a former managing director of AIG, said the statistics should be available for scrutiny by advisers and consumers to help them make an informed judgement on the state of the company.
“In particular, the in-force metric should be published quarterly for every Life Company as a true measure of progress – or otherwise, as the case may be...MORE»
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