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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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”.
