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Apra resumes capital penalty plans for income protection providers

Troubled life cover line has lost A$1.4bn since December

Australian life firms post A$1.6bn net loss in year to June

Income protection losses make up the majority of the deficits while the trade body warns potentially worse is still to come

Australian health insurance sector's Q2 margin hits 12-year low

Sector has provided A$500m of benefits to members during Covid-19, says trade body

Australia's life insurers in the emergency room

David Walker reports on the suitability, reputational and distribution crises that are destroying the profitability of the country's life sector

Prudential Financial to sell Taiwan life unit in $187m deal

It would mark another exit by the US insurer from an Asian market this year

Prudential to sell off Jackson annuity unit

The insurer has pledged to focus on Asian and African markets

Equality in insurance: what actions beyond the words?

The US insurance sector was quick to state its support for black lives after George Floyd's death resonated across communities worldwide. It has a questionable history of action on racial inequality, but are things about to change? Sarfraz Thind reports