Getting behind the wheel
With an improved service in mind, CommInsure has made the decision to underwrite its own car insurance product, taking the responsibility from previous underwriter Allianz.
The new arrangement, which will involve Lumley General Insurance managing the claims process, gives CommInsure control over what premiums are charged and the inclusion of additional features and benefits.
Additional features of the new product include an accidental death benefit of $5,000 and an up to 70 per cent no claim discount.
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Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
While efficiency remains a top priority for Australian advisers, State Street has revealed the profession is now juggling this desire with the need to maintain personalisation of its service offering.
A possible acquisition of data provider Iress is becoming a greater likelihood after the firm announced it is engaging with multiple interested parties.
