Nippon Life and Sumitomo Life make moves in Australia and Vietnam
But Australian watchdog warns sector is still under pressure from demography, pricing
Figures released on same day show Australian life after-tax profits to September fell 88%
Recent Royal Commission required regulator to act on bundled insurance
Clive Cowdery foresees three dominating
Part of a series of appointments and an organisational revamp.
Australian regulator also asks insurers for AASB 17 preparation update
Australian regulator outlines priorities in its 2019-2023 corporate plan
The amount is being imposed "due to heightened operational risk"
The sector is ill-prepared and needs a plan B, the regulator says