Operational Capital Generation and Market Analysis
A regulatory environment supporting sustainable profitability for the sector
ageas.
Measures
Lowering pricing
interest rate
Bancassurance expenses
and commissions
New product disclosure
guidelines
Oversight of New Year
commercial campaigns
Improvement of pricing
practices for Short-term
Health Insurance products
Details
Timing
Cap on Non-participating pricing July 2023
rate lowered from 3.5% to 3.0%
Consistency between actual
expenditure and pricing
assumption
Cap on bank commissions
Higher disclosure requirements
throughout the product launch,
sale and post-sale
Reduce unsound practices
relating to the opening campaign
& adopt a scientific approach to
budgeting
Ensure scientific and reasonable
pricing
Ongoing
June 2023
October 2023
Expected impact
Support margins over
volumes
Improve expense efficiency
in bancassurance channel
Improved transparency to
customers
Promote disciplined
approach and improve the
quality of business sold
November 2023
Improved protection of
customers by preventing
aggressive and non-
transparent sales practices.
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