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Churn debate: Sovereign has nothing to add

In the latest in our series of interviews with life insurance industry leaders on the vexed of churn and the FMA's investigation, we speak, briefly, to Sovereign CEO Symon Brewis-Weston. Here's what he had to say.

Saturday, June 27th, 9:16AM

“It’s not something I really want to discuss,” Sovereign chief executive Symon Brewis-Weston says.

“I really don’t think there’s much I can add,” he told Good Returns.

When asked about discussing the issue of churn in the market he said: “I’m not really interested in talking about it.”

He said Sovereign will comply with the FMA's request and is focussed on getting the material together...MORE»

Churn debate: Underinsurance the issue, not commissions

Thursday, June 25th, 2:40PM

Kepa group chief executive Jeff Page says the Financial Markets Authority should step in and set some rules around churn.

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Churn debate: Australia moves to hybrid remuneration model

Thursday, June 25th, 11:45AM

The Australian government has accepted a new, hybrid remuneration model for life insurance advisers where upfront commission is set at 60%.

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Previous News

No screams and howls on IP, but some concerns

Thursday, June 25th, 11:15AM

New Zealand hasn’t had the same problems with income protection claims as in Australia, but there is more companies can do to avoid potential problems, particularly around mental health claims.

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Income Protection unsustainable and rule book rewritten

Wednesday, June 24th, 10:06AM

Reinsurer MunichRe says the current income protection market is unsustainable and it decided to throw away the old actuarial tables used and replace them with something new.

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AIA reports profit growth

Tuesday, June 23rd, 6:00AM

AIA New Zealand has announced 21% growth in underlying profit, an improvement to $9.8 million for the 12 months to November 30, 2014, from $8.1 million in the prior year.

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Kiwis can't see need for insurance: Research

Monday, June 22nd, 6:00AM

An “it won’t happen to me” mentality is a barrier to New Zealanders even considering life insurance, says Sovereign’s chief officer of strategy and planning, Darrin Bull.

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Outlook bright for award winner

Friday, June 19th, 6:00AM

Insurance advisers are in a privileged position and need to make their value proposition clear to clients, says the winner of this year's Insurance Adviser of the Year award.

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