Link between unemployment and disability

Question Title

* 1. In your view what’s the impact on total disability claims cost for Income Protection (IP) per 1% increase in official ABS headline unemployment rate?
Please note that Australia’s official unemployment rate would have increased much more in April if using a broader measure including workers on zero hours due to no or not enough work or being stood down

< 4%

4% - 6.4%

6.5% - 7.9%

8% - 9.4%

9.5% - 11%

> 11%

Question Title

* 2. In your view what’s the impact on total disability claims cost for Total Permanent Disability (TPD) product per 1% increase in official ABS headline unemployment rate? Please note that Australia’s official unemployment rate would have increased much more in April if using a broader measure including workers on zero hours due to no or not enough work or being stood down

< 4%

4% - 6.4%

6.5% - 7.9%

8% - 9.4%

9.5% - 11%

> 11%