Aust Unity signs up with Telstra
Australian Unity has stepped up its direct distribution efforts with the announcement it is to offer insurance through Telstra’s Web site.
Australian Unity has stepped up its direct distribution efforts with the announcement it is to offer insurance through Telstra’s Web site.
The deal is the first of several e-commerce partnerships with major portals that the financial services and healthcare group plans to form.
Through its partnership with Telstra, Australian Unity is offering home and contents insurance and health insurance through the telstra.com web site.
With on-line sales of insurance at its own web site comprising about 30 per cent of new business in the past quarter, Australian Unity wanted to boost on-line access to its insurance products.
Australian Unity group managing director Mark Sibree says by reaching an agreement to offer products through telstra.com, the group ensured it would gain exposure to one of Australia's big-gest on-line audiences.
"Insurance is an integral part of financial services - the most popular category for customers on-line," Sibree says.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.