An association of Australian actuaries has urged the insurance industry to focus more attention of mental health issues. The Australian Actuaries Institute said existing data around mental illness is insufficient and noted that many consumers have expressed disappointment at the way the industry deals with them. “Many people are concerned about their own health, but they don’t know how to access services or get advice on what treatment options may be available for them,” chief executive
An association of Australian actuaries has urged the insurance industry to focus more attention of mental health issues. The Australian Actuaries Institute said existing data around mental illness is insufficient and noted that many consumers have expressed disappointment at the way the industry deals with them. The body is examining issues such as the exclusion of travel insurance coverage for those suffering with mental illness as well as issues around loss of income resulting from illness.