Investor Presentaiton
MARKET DYNAMICS
TAL has successfully achieved a sustainable leadership position in a
highly regulated and consolidating market
The evolution of Australia's life insurance regulatory environment
Pre-
2016
2017
2018
2019
2020
2021+
Australian Securities &
Investments
Commission (ASIC)
Review of Retail Life
Advice (Oct 2014)
Trowbridge Report
ASIC Claims Review
ASIC Data Project
(Lapse surveillance)
Life Insurance
Framework (LIF)
Financial Adviser
Standards and Ethics
Authority (FASEA)
ASIC Direct Review
Royal Commission
hearings commenced
ASIC Direct Insurance
Review Report
LIF takes effect
Royal Commission
Report
Protecting Your Super
(PYS)
Product Design and
Distribution
Obligations legislated
Consultation on Royal
Commission
recommendations and
legislation introduced
into Parliament
Putting Members'
Interests First (PMIF)
Disability Insurance
Reforms
Royal Commission
legislation commences
and implementation of
recommendations
(Oct 2021)
Review of Life
Insurance Framework
Capital Level Reviews
Product design and
distribution
obligations commence
APRA IDII product
measures
APRA 5-year term
implementation (2022)
Regulation and changing market conditions have been a catalyst for consolidation, enabling TAL to
grow its inforce market share from 16% to 27%.
7
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