Chamberlain to revamp Kiwibank insurance

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David Chamberlain has been appointed head of bancassurance at Kiwibank where he will lead a revamp of its insurance product line.

Wednesday, March 3rd 2010, 10:13AM

by Jenha White

Kiwibank's head of wealth Tracey Berry says Chamberlain will have a free hand in determining the best and most economic route to providing a full suite of insurance products.

Chamberlain is an independant consulting actuary based in Wellington who previously provided services to Kiwibank, amongst other clients.

He has over 20 years commercial experience centred around the financial services sector as well as experience both as an executive and as a director.

Berry says currently, Kiwibank distributes a limited range of life insurance products through its relationship with Cigna Life as well as travel, home and contents insurance through distribution deals with several providers.

However, it has significant gaps in its insurance range with no health or income protection products.

Berry says Chamberlain will spearhead the remodelling of its insurance product line and the bank will consider acquisitions, joint ventures and internal growth strategies in order to reach its goal of becoming a full financial services provider.

Chamberlain is a Fellow of the New Zealand Society of Actuaries, Fellow of the Institute of Actuaries of Australia and a member of the Institute of Directors.

He has previously voluntarily assisted the Institute of Actuaries of Australia with its education process and is a graduate of Macquarie University, Sydney.

Jenha is a TPL staff reporter. jenha@tarawera.co.nz

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