Benefits, efficiencies, improvements
Can we quantify the economic and social benefit of providing group insurance through superannuation? This landmark piece of research, conducted by Deloitte on behalf of ASFA and with the support of all Australia’s major group insurers, is set to inform the future trajectory of insurance benefits provided to members.
The research addresses the impacts of coverage gaps, design and structural changes, creating optimal or ‘smart’ defaults as well as the big ticket items for government such as impacts of improved labour force outcomes. It will look at ways we can reduce the significant level of underinsurance in Australia or at the very least stop it getting worse.
Through a cost-benefit analysis this research, presented by Deloitte, will provide the most up-to-date and comprehensive look at what is being delivered within insurance in super, the key opportunities and improvements to be investigated and key actions that will underpin an ongoing insurance offering.