E12. Are the Insurance expenses (incurred Regulator data; Agree with this indicator provide that it is benchmarked against costs of by funds) (input) fund surveys minimum service standards for the industry. insurance being Ensure that "expenses borne by funds" are gross of any minimised for employer subsidies. the level and quality of cover? E12. Are the Insurance premiums paid by Regulator data Strongly agree with this indicator. costs of members as a percentage of insurance being Superannuation Guarantee minimised for contributions made by the level and insured members (output) quality of cover? E12. Are the Ratio of claims to premium Regulator data Strongly agree with this indicator. costs of revenue (loss ratio) within insurance being superannuation over 5 and minimised for 10 year periods (output) the level and quality of cover?
E12. Are the costs of insurance being minimised for the level and quality of cover? Insurance expenses (incurred by funds) (input) Regulator data; fund surveys Agree with this indicator provide that it is benchmarked against minimum service standards for the industry. Ensure that "expenses borne by funds" are gross of any employer subsidies. E12. Are the costs of insurance being minimised for the level and quality of cover? Insurance premiums paid by members as a percentage of Superannuation Guarantee contributions made by insured members (output) Regulator data Strongly agree with this indicator. E12. Are the costs of insurance being minimised for the level and quality of cover? Ratio of claims to premium revenue (loss ratio) within superannuation over 5 and 10 year periods (output) Regulator data Strongly agree with this indicator.