Securitor adviser program targets underinsurance

insurance/life-insurance/

20 August 2008
| By Liam Egan |

With the support of some of the country’s leading insurance providers, Securitor has launched an adviser education program targeted at overcoming underinsurance among its clients.

The Integrated Insurance Services Panel is intended to increase Securitor advisers’ knowledge of life insurance strategies and solutions for clients.

“The ultimate goal is to close the protection gap for all our advisers’ clients,” said Securitor head Neil Younger.

The program’s launch follows Securitor’s identification of adviser education and training on insurance as one of the factors hindering efforts to successfully address Australia’s chronic underinsurance problem, Younger said.

The panel, which will commence specially developed training workshops later this year, comprises AIG, Asteron, Aviva, and ING (with negotiations underway for a potential fifth panel member).

Younger emphasised that advisers will continue to be able to recommend risk products from both panel members and other insurance companies.

“The panel concept was developed so that all our advisers’ clients can be informed about the most suitable solution for their specific risk insurance needs and so clients can have a positive experience in receiving insurance cover and lodging claims.

“The panel members will also assist our Technical Services team to promptly answer adviser and client questions about specific insurance needs,” Younger added.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 3 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

2 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 days 1 hour ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3