CommInsure named Life Insurance Company of the Year
CommInsure was named Life Insurance Company of the Year at the 2010 Australia and New Zealand Insurance Industry Awards.
The awards, hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and founding partner Asia Insurance Review (AIR), recognised achievements in the insurance marketplace.
Among other recipients were Zurich – for good governance and practice – and QBE, which won the General Insurance Company of the Year award.
ANZIIF chief Joan Fitzpatrick congratulated the winners and said they were now a standard bearer for the industry’s professionalism.
Recommended for you
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.
The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market and risk adviser numbers.
