Hat-trick for CommInsure
CommInsure has once again dominated the group risk insurer market, beating its competition in terms of market share for the third year running, according to Plan for Life’s latest data.
The researcher revealed that for the year ended September 2006, CommInsure’s market share was 17.8 per cent, an increase from the previous year’s result of 16.4 per cent.
In the year ended September 2004, the insurer boasted a market share of 19.2 per cent, again the highest amongst its competition.
CommInsure managing director Simon Swanson attributed the success to the insurer’s robust claims service.
“We pride ourselves on our claims service and in the last couple of years have put a lot of focus into our underwriting and claims services,” he said.
“We are focused on looking after our customers and are very responsive to the needs of funds like AustralianSuper.”
CommInsure worked with AustralianSuper to produce an innovative offering that provided the fund’s members with benefit increases of between 10 and 100 per cent.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
