Direct insurance sales are no threat to the adviser force, Partners Life’s Naomi Ballantyne says.
Partners Life has reported a significantly oversubscribed capital raising and the accumulation of $100 million in in-force annual premiums.
“It is just over three years since we opened for business and, in a market dominated by well-resourced and long-established foreign-owned life companies, we have created a very substantial and competitive New Zealand company,” Ballantyne said.
The company generated $31...MORE»
Monday, July 28th, 7:25PM
Getting clients to buy TPD can be a bit of a struggle. At least, to judge from the in-force premium statistics, at just $40 million premium out of more than $1.5 billion of in-force premium it is tiny.MORE»
Tuesday, July 1st, 11:31AM
Tower has done a u-turn and sold its remaining life business, to Foundation Life in a deal worth $36 million.MORE»
Russell Hutchinson looks at the emergence of severity-based trauma cover and offers some ideas for advisers about how to use these products.MORE»
Accuro's chairman, Jane Bawden, says the government should develop a KiwiSaver-style scheme for health insurance.MORE»
Sovereign has lost its last bid to appeal a long-running dispute with Inland Revenue and must pay the department $82 million.MORE»
Complaints about financial advisers are often caused by miscommunication and misunderstanding, the Insurance and Savings Ombudsman says.MORE»