Is the Improvement in GA Mis-selling Rates Leading to Restored Trust in the Insurance Industry?
In the first half of this year, the mis-selling rates in the General Agency (GA) sector continued to show improvement, maintaining stable levels in both life and non-life insurance at 0%. In the first half of this year, the mis-selling rates in the General Agency (GA) sector continued to show improvement, maintaining stable levels in both life and non-life insurance at 0%. This trend suggests that self-regulatory efforts to restore trust in the insurance industry are yielding positive results. In this post, we will explore the reasons behind the improvement in business soundness within the GA sector and examine the efforts being made to regain industry trust. In the first half of 2023, the mis-selling rates within the General Agency (GA) sector continued to improve, maintaining a stable level at 0% for both life and non-life insurance. The reduced mis-selling rates among large GA companies indicate that the industry's various self-regulatory efforts to restore trust are proving eff...