ING Australia is to replace Tower as Oasis Asset Management’s group risk insurance provider offering cover to its 69,000 superannuation members.
Oasis managing director Wayne Lowe said ING was selected for the strength of its service offering and underwriting practices.
The platform’s tender process for selecting a new insurance provider involved an external consultant that focused on aspects of claims management, underwriting and the needs of advisers and their clients.
“Insurance is a very important part of platforms and, based on the tender results, the decision taken was that we feel the service offering and product design is better with ING,” Lowe said.
