CommInsure extends group mandates
CommInsure has reasserted itself in the group insurance space by extending two key mandates from major industry superannuation funds.
The insurer announced this week it had won mandates from both Care Super and Vision Super.
Vision Super had extended an existing relationship with CommInsure to provide a broader suite of insurances, including income protection insurance.
The company said it had extended its relationship with Care Super to seven years and increased levels of total and permanent disability (TPD) cover for younger members while reducing their death cover to address the issue of underinsurance and overinsurance in the younger age group.
AUTHOR
Mike Taylor
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
