Chatswood serves the life and health insurance sector in New Zealand with market intelligence, data, and bespoke consulting services. Some of these are provided in conjunction with Quality Product Research Limited - a subsidiary that brings you Quotemonster.
We believe that good decisions are more likely to occur when we have good information about the market environment in which we operate. Intuitive leaps and creative decisions are always required, of course, but the more they are based on a firm foundation of observation, the better they tend to be.
Take your Business Statement of Advice (SoA) to the next level!
Take your Business Statement of Advice (SoA) to the next level and join us on Tuesday, 2 July 2024 11:00 am-12:00 pm as Aneel, our AdviceTech Lead demonstrates how to produce a business SoA supported with pricing and research on lump sum and Key Person Cover.
Take your Business Statement of Advice (SoA) to the next level and join us on Tuesday, 2 July 2024 11:00 am-12:00 pm as Aneel, our AdviceTech Lead demonstrates how to produce a business SoA supported with pricing and research on lump sum and Key Person Cover.
The next products on our radar are Rural Cover and Business Expenses, so keep an eye out for more information on this.
If you would like to register yourself or are interested in a personalised session for your organisation, please send us an email on aneel.ravji@qpresearch.co.nz
We look forward to seeing you there!
Asteron Life appoints new Chief Underwriter
Kathie Tutty has been named the new Chief Underwriter at Asteron Life.
Kathie Tutty has been named the new Chief Underwriter at Asteron Life. Tutty is currently the Underwriting Manager and Principal Underwriter at Asteron Life and will start her new role on May 31.
Grant Willis, Executive General Manager Life, said
“Kathie’s promotion to the role of chief underwriter and member of the life leadership team recognises her passion and ambition for our business and her desire to take our underwriting performance and strategy to the next level.”
More daily news:
Bronwyn Kirwan interviews Niall McConville, Fidelity Life's new Chief Insurance Officer
MAS reaches $2.5b investment funds under management
The Monetary Policy Committee keep the Official Cash Rate at 5.50%
Chubb Life increase their Lifetime Reward discount and enhance commission offering
Chubb Life have increased their current 10% Lifetime Reward discount to 15% for all new business issued from 16 April to 30 June 2024.
Chubb Life have increased their current 10% Lifetime Reward discount to 15% for all new business issued from 16 April to 30 June 2024. The discount is available on Life and Trauma covers on Chubb Life’s Assurance Extra and Assurance Extra Business policies for customers who have a BMI measurement of between 18.5 and 24.9 and who have been a non-smoker for at least 12 months. Clients can combine this offer with the current 2 months’ free and multi-benefit discount offers.
Chubb have updated their scenario videos to help you explain how different customers can make the most of the offers.
From 30 April, Chubb Life are increasing their pendulum commission offering for new business, providing an up-front component when you choose either the 15%, 20% or 30% renewal option. They will pay renewal commission from Month 2. Chubb Life have also increased their Disability Income upfront rate and pendulum options.
More daily news:
nib Group's Brendan Mills talks about the challenges in migrating to the cloud
Steve Wright gives his views on statements of advice
Financial Advice NZ webinar 'When Clients Claim' 1 May
Jon-Paul Hale talks through the problem of digital document insecurity
The Finance and Mortgage Advisers Association of New Zealand (FAMNZ) opens up membership
Unlock the Power of Business Insurance with Advicemonster
At Quotemonster, we understand the importance of comprehensive business insurance solutions. That's why we're excited to offer Advicemonster subscribers a powerful tool that enables them to quote and research Life, Trauma, TPD, and Key Person insurance.
At Quotemonster, we understand the importance of comprehensive business insurance solutions. That's why we're excited to offer Advicemonster subscribers a powerful tool that enables them to quote and research Life, Trauma, TPD, and Key Person insurance.
Our platform is designed to simplify the insurance process, making it easier for you to provide advice to your clients. With Advicemonster, you can quickly access quotes, delve into detailed research, and perform a Business SOA, all in one convenient place.
We're committed to helping you make the most of our services. That's why we invite you to join us for our next online training session, where you'll learn how to maximise the benefits of our Business Insurance tool. Our staff will guide you through the platform's features, ensuring you have the knowledge and confidence to support your clients effectively.
We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can provide a 14-day trial on your account when you email us on info@quotemonster.co.nz
Don't miss this chance to enhance your insurance offerings with Advicemonster. Register for our upcoming training session on Thursday, 11 April 2024 9:30 am-10:30 am and discover how our Business Insurance tool can empower you and your clients.
Business Risk Research and SOAs with Quotemonster (online session)
We're thrilled to announce our latest research into Business Risk products, including lump sum products and Key Person Cover. Stay ahead of the game and ensure your clients are well-protected with our in-depth insights.
🌟 Exciting News from Quotemonster HQ! 🌟
We're thrilled to announce our latest research into Business Risk products, including lump sum products and Key Person Cover. Stay ahead of the game and ensure your clients are well-protected with our in-depth insights.
But that's not all! Discover how you can effortlessly produce a Statement of Advice (SOA) tailored to your clients' business risk needs with our intuitive tools. Streamline your process and provide top-notch advice with ease.
Please email info@quotemonster.co.nz if you’re interested in joining us on Monday, 26 February 2024 11:00 am-12:00 pm to elevate your business risk insurance game!
This session will be hosted by our AdviceTech Lead, Aneel Ravji.
We look forward to seeing you there.
Advicemonster users can access business insurance!
Our latest update to Advicemonster adds business insurance.
Advicemonster Business Insurance beta now includes quoting, research, and needs analysis functions business for lump sum covers (Life, Trauma and TPD).
This means you can now produce a Business Statement of Advice (SOA) supported with pricing and research (on lump sum products only). If you or others in your organisation would like training on how to produce a business statement of advice (SOA) using Advicemonster, please email your request to aneel.ravji@qpresearch.co.nz
The next products on our radar are Key Person, Rural Cover and Business Expenses, and they are coming soon - so keep an eye out for more information on this. Also, if you’re an expert on these products and would like to provide us with some insight, please reach out to us on researcher@qpresearch.co.nz
Changing business demographics opens up opportunities for advisers
Stats NZ’s latest business demography statistics (as at February 2023) paints a promising picture of New Zealand’s economic landscape. With more new businesses and a rise in employment, opportunities abound for insurance advisers specialising in Business Risk Protection products.
Stats NZ’s latest business demography statistics (as at February 2023) paints a promising picture of New Zealand’s economic landscape. With more new businesses and a rise in employment, opportunities abound for insurance advisers specialising in Business Risk Protection products.
Key highlights include:
· The number of enterprises in NZ is following an upward trajectory, with 605,000 enterprises in February 2023, up 1.8% from February 2022. This is on top of a 5.3% increase in the year to February 2022.
· The number of paid employees in these enterprises (not an official employment statistic) was 2.5 million, up 3% from February 2022.
· These enterprises operated across 641,560 business locations, up 1.4% from February 2022.
There has been a marked increase in new businesses across a range of sectors, indicating a healthy and growing economy. The data also reveals a positive trend in employment, with employees in large enterprises up 5.9% from February 2022.
Ministry of Business Innovation and Employment figures show 196,584 people entered NZ on work visas in the 12 months to September, up dramatically from 39,501 in the 12 months to September 2022. The arrival of these overseas workers further increases the pool of workers available and makes it much easier for employers to fill any vacancies.
Certain industries, such as construction; professional, scientific and technical services; and health care and social assistance industries, have shown significant growth. These sectors often have specialised insurance requirements, like protecting shareholder needs or covering key people within an organisation, providing a niche market for advisers.
Quality Product Research Ltd have recently completed independent research on Business Insurance lump-sum products, putting a wealth of information at advisers’ fingertips in order to make well-informed recommendations. With disability products soon to be included, advisers can offer a comprehensive suite of options to their clients.
Advicemonster has functionality that allows users to streamline the process of creating Business Statements of Advice (SOAs), speeding up the time spent on admin and freeing up more time to spend with clients. Please get in touch if you’d like a sample copy of a Business SOA. Advicemonster’s tools assist advisers in conducting a Fact Find and Needs Analysis and being able to offer highly personalised solutions.
The combination of up-to-date research and specialised tools allows advisers to educate new businesses on effective risk mitigation strategies. This is particularly crucial for sole traders and SMEs that may not yet be aware of the full range of risks they face.
To find out more about what Advicemonster can do for you, please contact Aneel Ravji on 0212160905 or ask us about our next online training sessions.
Quotemonster tours the capital!
We had a great session in Wellington this week!
Thank you to the attendees, Compliance Refinery and the FMA for joining us.
Fidelity life appoints Giselle Baker as Head of Data and Analytics
Fidelity Life has appointed Giselle Baker as Head of Data and Analytics. Chief Financial Officer Simon Pennington says
“Giselle’s experience in leading and developing advanced analytics and reporting for some of the world’s biggest consulting and financial services entities will be invaluable as our new data platform nears completion. Under Giselle’s leadership, our Data and Analytics team will deliver improved insights for the entire business and ultimately help us fulfil our purpose to give New Zealanders certainty to enjoy a more rewarding life.”
Giselle has been working overseas for the last 20 years, most recently as Director, Data and Analytics at FTI Consulting, and Senior Vice President, Global Management Information (MI) and Data Analytics at Citigroup.
More daily news:
Partners Life introduces pricing changes
Partners Life introduce series of short guides for FAPs to manage their licencing obligations
Fidelity Life launch Insurance 101 toolkit
Chubb Life introduce Assurance Extra Business product and introduce 10% lifetime discount
AIA is calling on advisers to take part in the 2023 New Zealand Adviser Wellbeing Research
Katrina Shanks writes about how businesses can pivot in face of consumer confidence crisis
Ian Clancy talks of how NZ has an underinsurance problem
Southern Cross placed ninth on Kantar’s Corporate Reputation Index 2023
CERT NZ reports 66% increase in direct financial loss from cybercrime compared to Q4 2022
Report finds more seniors in New Zealand are expecting to delay retirement due to the cost of living
Financial Advice NZ’s Out Of The Box seminars tickets offered at a $40 discount until 30 June