I’m open to re-considering who should be my key risk product providers.
- Agree (87%)
- Not sure (7%)
- Disagree (6%)
Loading ...The vast majority of advisers, it seems, are not at all averse to reconsidering who should be their key risk product providers.
As we go to press, the results of our latest poll indicate a whopping 85% of advisers agree they would be open to reconsidering their key risk product providers. While less than one in 10 (8%) disagree with the proposition with the same percentage unsure if they would reconsider or not.
Our latest poll arose from various recent developments which prompted us to check as to the strength of your connection with your preferred risk product providers.
As we noted, 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.
Other insurers, such as AIA NZ 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!
While we appreciate long-term relationships between advisers/advice practices and product providers exist for a reason, and that those associations have been well earned, we are interested to learn to what extent these existing relationships are set in stone.
Our poll remains open for another week and we are keen to see your thinking on the issue…