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        <title>AdviserVoiceAPRA and ASIC empower consumers with new reporting standard on life insurance claims - AdviserVoice</title>
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        <link>https://www.adviservoice.com.au/2018/10/apra-and-asic-empower-consumers-with-new-reporting-standard-on-life-insurance-claims/</link>
        <description>Financial planner information &#38; financial planner education/CPD - AdviserVoice</description>
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                <title>APRA and ASIC empower consumers with new reporting standard on life insurance claims</title>
                <link>https://www.adviservoice.com.au/2018/10/apra-and-asic-empower-consumers-with-new-reporting-standard-on-life-insurance-claims/</link>
                <comments>https://www.adviservoice.com.au/2018/10/apra-and-asic-empower-consumers-with-new-reporting-standard-on-life-insurance-claims/#respond</comments>
                <pubDate>Wed, 24 Oct 2018 20:45:22 +0000</pubDate>
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                		<category><![CDATA[Regulation/Reform]]></category>
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                                    <description><![CDATA[<h3>Consumers will soon have access to high-quality, comparable data on life insurance claims and disputes after the Australian Prudential Regulation Authority (APRA) issued a new reporting standard to the industry.</h3>
<p>The release of APRA’s Life Insurance Reporting Standard LRS 750.0 Claims and Disputes will enhance the consistency and quality of life insurance data published through a ground-breaking program established jointly last year by APRA and ASIC.</p>
<p>The standard makes it mandatory for life insurers to report data on claims and disputes, and is a critical milestone on the path to delivering enhanced transparency and accountability through the regular publication of credible, reliable and comparable data.</p>
<p>To find out more, visit <a href="https://www.apra.gov.au/media-centre/media-releases/apra-and-asic-empower-consumers-new-reporting-standard-life-insurance">APRA’s website</a>.</p>
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                                            <content:encoded><![CDATA[<h3>Consumers will soon have access to high-quality, comparable data on life insurance claims and disputes after the Australian Prudential Regulation Authority (APRA) issued a new reporting standard to the industry.</h3>
<p>The release of APRA’s Life Insurance Reporting Standard LRS 750.0 Claims and Disputes will enhance the consistency and quality of life insurance data published through a ground-breaking program established jointly last year by APRA and ASIC.</p>
<p>The standard makes it mandatory for life insurers to report data on claims and disputes, and is a critical milestone on the path to delivering enhanced transparency and accountability through the regular publication of credible, reliable and comparable data.</p>
<p>To find out more, visit <a href="https://www.apra.gov.au/media-centre/media-releases/apra-and-asic-empower-consumers-new-reporting-standard-life-insurance">APRA’s website</a>.</p>
<p>The post <a href="https://www.adviservoice.com.au/2018/10/apra-and-asic-empower-consumers-with-new-reporting-standard-on-life-insurance-claims/">APRA and ASIC empower consumers with new reporting standard on life insurance claims</a> appeared first on <a href="https://www.adviservoice.com.au">AdviserVoice</a>.</p>
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