Rising costs and car makers’ woes a headache for life insurers
MetLife , the fourth biggest provider of group life insurance in Australia, could be forgiven getting a little nervous. The US company provides cover to Statewide Super , which describes itself as the leading industry superannuation fund in South Australia and the Northern Territory, with 150,000 members.
As if the general environment for life insurers is not tough enough, given the steady rise in unemployment and the tougher capital requirements being imposed by regulators. But through Statewide Super, MetLife finds itself exposed to industries that are under more pressure than most.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles