What levels of life insurance business do you expect to write in 2019?
- I will write more life insurance business this year (51%)
- I will write about the same level of life insurance business this year (27%)
- I will write less life insurance business this year (22%)
Loading ...In a changing advice environment, we’re keen to know your outlook for 2019 when it comes to writing life insurance new business.
The NZ financial services industry is in the process of undergoing significant change, which will impact all elements of the sector as well as the broader community.
This year, advisers will be impacted by the implementation of the Adviser Code of Professional Conduct, including the introduction of minimum education standards, while the Financial Services Legislation Amendment Bill is set to enforce individual adviser licensing, which will force each adviser to choose which business structure they will want to operate under in future.
Other issues that may come to prominence include any further fallout that might hit New Zealand as a result of the recommendations about to be made by the Australian Banking and Financial Services Royal Commission, while general economic conditions and the usual challenges associated with maintaining and building a successful advice business are ever-present.
Outside of this ‘noise’, though, can you see a bright year ahead for you and your advice business – at least from the life insurance perspective?
Have you been building a solid foundation that will generate further growth for your business this year? Or are you less bullish about 2019 compared with last year?
Perhaps you may be projecting similar business sales activity levels for you and your advice practice in 2019, but either way, we’d love to learn about your outlook – positive, negative or about the same…?
Cast your vote and we’ll report back to you next week…