Regulatory Review: Life Insurers' Progress on Premium Practices

Evaluating Industry Responses to Premium Increase Concerns

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This review was initiated in response to concerns that frequent and substantial premium increases may not align with policy terms or policyholder expectations.

Since the regulators' initial notifications in December 2022 and December 2023, life insurers have made progress in improving re-rating practices, marketing and disclosure materials, and product governance. However, actions to address increasing premium volatility through product design are still at an early stage. Given the recency of these actions, it is too early to fully assess their effectiveness in reducing the frequency and size of premium increases.

For policyholders, this means that while steps are being taken to enhance transparency and fairness in premium adjustments, it remains crucial to stay informed about any changes to their policies. Reviewing policy documents and maintaining open communication with insurers can help ensure that coverage continues to meet individual needs and expectations.

As the industry continues to evolve, consumers should remain vigilant and proactive in understanding how these developments may affect their life insurance coverage and costs.

Published:Tuesday, 19th May 2026
Author: Paige Estritori

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