tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, March 19th, 6:25PM

Insurance

rss
Latest Headlines

RSA waives loadings?

Royal & SunAlliance is impressing brokers by offering to wipe normal premium loadings for some clients with certain prior conditions.

Wednesday, April 3rd 2002, 10:56PM
One broker says RSA offered to provide life and total permanent disability cover for one of his clients, who has high blood pressure, at normal rates.

All the other insurers he’d spoken to about the client wanted to apply premium loadings of between 75% and 100%. Some also wanted to impose exclusions.

The broker says RSA appears to have negotiated a deal with its reinsurer allowing it to offer the normal rates for some conditions.

The move seems to be a relationship-building exercise, he says, and comes at a time when competition between insurers for broker’s business is intensifying.

However, RSA has downplayed suggestions it has come up with any new special deals.

RSA spokesman James Norman says the firm has a reinsurance arrangement that allows it to offer normal premium rates for some conditions. But this has been in place for three years, he says.

« Club Life pulls in forensic accountantInsurer tames tidal wave »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

AIA adds cover for prophylactic surgery following cancer
AIA makes changes to policies and adds preventative surgery for several types of cancer.

Chubb appoints David Morrow as Country President for New Zealand
Chubb has appointed David Morrow as Country President for New Zealand.

nib adds specialist skills to its board
Two new board appointments at health insurer nib add new perspectives, chairman says.

nib gets new CFO
Alvin Soh has joined nib New Zealand as its chief financial officer. Heh is a chartered accountant with more than 20 years of commercial experience in leadership roles.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x