Money Management once again teamed up with research house, DEXX&R, for the thirteenth consecutive year to recognise excellence in the life/risk industry at the 2016 Adviser Choice Risk Awards.
Industry leaders won gold, silver, and bronze across nine categories, with the awards presented at a special breakfast in Sydney this morning.
A panel of experienced risk advisers were invited to complete a survey on: The importance of features included in term, trauma, total and permanent disability (TPD), disability income, and business overheads insurance products;
The importance of definitions for core and supplementary conditions and events; and The weighting they believed should be applied between features and benefits, definitions, and price (premiums) in each product category.
DEXX&R then converted this to weightings and applied it to its risk ranking system to calculate a final weighted total score for each product. The products with the three highest scores in each product category are awarded as Finalists.
Risk Company of the Year 2016
Gold: MLC
Silver: BT
Bronze: TAL
Term & TPD Products 2016
Gold: MLC Insurance: Life Cover & TPD
Silver: TAL: Accelerated Protection Life & TPD
Bronze: Zurich: Protection Plus Life & TPD
Trauma Products 2016
Gold: OnePath: OneCare Trauma Premier
Silver: MLC: Insurance Critical Illness Plus – EBO
Bronze: BT: BT Wrap Living Plus Rider
Disability Income Products 2016
Gold: TAL: Accelerated Protection Income Protection Premier
Silver: MLC Insurance: Income Protection Platinum
Bronze: Asteron: Life Complete Income Protection
Business Overhead Products 2016
Gold: MLC Insurance: Business Expense Platinum
Silver: Zurich Life: FutureWise Business Expenses
Bronze: Clearview: LifeSolutions Business Expense
Inside Super
Individual Guaranteed Renewable Plans
Super Term & TPD Rider 2016
Gold: MLC: Insurance Life Cover & TPD (MLC MasterKey)
Silver: Zurich: Protection Plus Life Cover & TPD (Zurich Superannuation)
Bronze: BT: BT Wrap Term Life (BT SuperWrap)
Super Disability Income Product 2016
Gold: MLC: MLC Insurance Income Protection Platinum Super (MLC MasterKey)
Silver: BT: BT Super Wrap Income Protection (MLC SuperWrap)
Bronze: OnePath: OneCare – Income Secure Basic Super (OnePath OneAnswer)
Super Group Policy Benefits Group Super Term & TPD Rider Product 2016
Gold: Kinetic: Kinetic Super – Personal (CommInsure)
Silver: UniSuper: UniSuper Accumulation 1 – Personal (TAL)
Bronze: Russell Investment: Russell Super Solution – Personal (TAL)
Group Super Disability Income Product 2016
Gold: First State Super: Personal Superannuation (TAL)
Silver: Aon: Aon Master Trust – Personal Super Essentials (AIA)
Bronze: AMIST: AMIST Super Personal Division (Lloyds of London)
