I’m open to re-considering who should be my key risk product providers.
- Agree (87%)
- Not sure (7%)
- Disagree (6%)
Loading ...Various developments in recent times have prompted us to check-in with you as to the strength of your connection with your preferred risk product providers.
Every adviser, advice practice and FAP will have your own history of relationships with New Zealand’s retail insurers. But the tableau is always changing.
In recent times, Fidelity Life has emerged from a self-admitted lack of focus to post a significantly better outcome for advisers and the clients they serve, while Partners Life continues to evolve its proposition under new ownership and new leadership.
Elsewhere, health insurer nib has launched a new retail suite of advised life insurance solutions and the retail market is in the process of welcoming new entrant PPS Mutual to its ranks.
Other insurers, such as AIA and Chubb Life – under the guidance of its new CEO – are all refining their offers, while Asteron Life’s new owner has a new owner!
We appreciate long-term relationships between advisers/advice practices and product providers exist for a reason, and that those associations have been well earned and to the benefit of the adviser and their client as well as for the insurer. But to what extent are these existing relationships set in stone?
In a changing life insurance environment in New Zealand, tell us what you think and we’ll report back next week…