CommInsure fills key insurance role
CommInsure has appointed Mark Woodward as head of wholesale risk distribution.
Woodward replaces Michael Back, who left CommInsure late last year when he moved to head up Suncorp’s group risk business.
Woodward has worked for CommInsure since 2007, with his previous role being executive general manager of retail banking services distribution.
A statement from CommInsure announcing his appointment said Woodward has more than 20 years of experience in the insurance and banking industry, including roles with PricewaterhouseCoopers, KPMG, IBM and SAS. His experience spans life and general insurance, workers compensation, health and government insurance and reinsurance, the company said.
Recommended for you
The Federal Court has dismissed a conflicted remuneration case brought by ASIC against the director of life insurance distributor Freedom Group, where Bali holidays and Vespa purchases were among sales incentives.
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.

