OnePath has been crowned Money Management/DEXX&R Risk Company of the Year 2012, with TAL and BT Life taking silver and bronze respectively.
What all three companies had in common over the last 12 months was a strong focus on adviser services and further product development.
Apart from winning the Risk Company of the Year title, OnePath also took out gold in two of four other categories – term and total and permanent disability (TPD), and trauma.
TAL also had a successful run, winning in the disability income category, and snatching silver in term and TPD.
BT Life took bronze in two other categories as well, 18 months after launching its end-to-end solution BT Protection Plans.
The awards come at the back of a successful year for the risk insurance industry as a whole.
According to Plan For Life, premium inflows rose by 10 per cent in the year to April 2012, on top of a 13 per cent increase in the previous 12-month period.
However, little progress has been made in tackling underinsurance, with most executives expressing concern over lack of education about insurance among Australian consumers.
