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.

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Fidelity Life open applications for training programmes

Fidelity Life has opened applications for Advice Masters, Professional Pathways, Practice Manager Masterclass and Career Connect.

Fidelity Life has opened applications for Advice Masters, Professional Pathways, Practice Manager Masterclass and Career Connect.

Applications are open for Advice Masters, Fidelity Life's intensive training and personalised professional development programme designed for experienced business owners in the financial services industry. The programme encompasses a wide range of topics: M&A; capital raising/funding strategies; high performance for business leaders; leading high performing teams; business strategy design and execution; governance; board craft; director skills and sustainability; business efficiency; technology and AI. The 30 available spots are by invitation only – interested people can talk to their business manager or apply here.

Professional Pathways is Fidelity Life's customisable extended training and development programme designed for motivated advisers, who are dedicated to growth and achieving their business goals. Over a 9-month period the programme will take participants through key topics – developing their business; advice and planning; business sales and growth; business efficiency. The programme consists of skills based workshops, self-paced learning through courses, resources and quizzes, online webinars and interactive online workshops.

Practice Manager Masterclass are targeted at admin staff and will help to improve workflow and productivity.

Career Connect is Fidelity Life's comprehensive education and skills programme designed to develop the next generation of financial advisers. Career Connect equips participants with relevant qualifications, practical skills and knowledge, and industry connections. The 2025 intake will commence in May and will run for 6 months. Applicants will be invited for an interview and the fee for the programme is approximately $1650.

 

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Chubb launches underwriting chat service

Chubb has launched a new chat function on their adviser hub site that allows advisers to ask the underwriting team questions.

Chubb has launched a new chat function on their adviser hub site that allows advisers to ask the underwriting team questions. Once the conversation is completed a chat transcript is able to be downloaded, for advisers to submit with the application or save to their customer files. You can find out more on their quick guide and their explainer video.

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This week is Cyber Smart Week

Running from 21 – 27 October, Cyber Smart Week is here! With the theme of ‘The Scamathon’, it highlights the importance of being more secure online.

Running from 21 – 27 October, Cyber Smart Week is here! With the theme of ‘The Scamathon’, it highlights the importance of being more secure online. Some key precautions you should be taking include:

  • Using long, strong and unique passwords

  • Using two-factor authentication (2FA)

  • Reporting any suspected scams to your management or IT teams

  • Turning on automatic updates

  • Stopping to think before you click – could it be a scam?

Own your online has produced a 5-part video series about business online security – you can watch them all here.

  • Episode 1 - How to protect your business: Learn why it’s important for your business to prioritise online security and how to start getting your business in better shape.

  • Episode 2 - How to protect your online accounts: Learn about the most important protections you can put in place for your online accounts.

  • Episode 3 - Protecting data and systems: Learn why it’s important to protect your data and your customers’ data and how to put these protections in place. Also learn how your business can best recover from an online attack.

  • Episode 4 - Protect your website and social media: Learn how to put the right protections in place for your website and social media accounts.

  • Episode 5 - How to spot phishing: Learn about the most common online attack – phishing – and how your business can avoid getting caught by it.

They are also running a series of online events around online security you can register to join.

·         Online security for individuals, 1pm, Monday 21 October 2024

·         Working together to improve cyber resilience across the health sector, 10:30am, Tuesday 22 October 2024

·         Online security for small businesses – simple steps for a big improvement, 3pm, Tuesday 22 October 2024

·         Supporting clients with cyber security - for mentors and advisors, 11am, Wednesday 23 October 2024

·         Financial sector cyber security threats and protections, 2pm, Wednesday 23 October 2024 

·         Online security for seniors, 1pm, Thursday 24 October 2024

·         Cyber security insights for tech professionals, 10:30am, Thursday 24 October 2024

 

More news:

David Whyte calls for financial advisers to be exempt from CoFi

Julian Fayad believes AI could handle up to 80% of advisor loan deals within seven years

New Zealand’s headline inflation rate fell to 2.2% in the September quarter

Clive Fernandes launches a new AI venture aiming to automate 80% of KiwiSaver client-servicing tasks

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New Active Benefits are now available to Accuro policyholders

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nib launches an AI-driven symptom checker

nib has launched an AI-driven symptom checker, to help direct kiwis to the appropriate treatment, based on their needs.

nib has launched an AI-driven symptom checker, to help direct kiwis to the appropriate treatment, based on their needs. The symptom checker is available to all nib health policyholders through the my nib app.

Users input their symptoms and the symptom checker gives information on possible conditions as well as when and where to seek care. For a limited time, users advised to book a telehealth GP appointment will be able to get an appointment with Tend’s nationwide online GP service, at no additional cost.

nib New Zealand Chief Executive Officer, Rob Hennin, said

“It’s part of nib’s mission to help Kiwis take a more proactive approach to their health and wellbeing no matter where they are… AI-powered health tools, such as symptom-checkers, can help keep non-urgent medical cases out of hospital emergency departments, relieving some of the pressure on hospitals and emergency department staff, and help ensure people get the right level of medical attention.”

The symptom checker platform was developed by Infermedica and has been used in more than 30 countries, reaching more than 17 million users internationally.

 

More news:

The ANZIIF Group Life Seminar is on 3 September in Sydney

Level 5 certificate to remain the minimum requirement for advisers

INFINZ seek feedback on 'Shifting the Dial on Diversity' report

New Zealand’s unemployment rate rises to 4.6% in the June quarter

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AIA held annual summit

AIA NZ held their annual Healthier, Longer, Better Lives Summit on 4 July.

AIA NZ held their annual Healthier, Longer, Better Lives Summit on 4 July. The conference brought together advisers to hear from a range of speakers around the Healthier, Longer, Better Lives theme.

  • AIA NZ Chief Executive Officer, Nick Stanhope, AIA NZ Head of Aligned Advice, Jack Newman, and advisers Leelee Stone and Katrina Church discussed what Healthier, Longer, Better Lives means to them, and the crucial role advisers play in the industry.

  • David Letele discussed the health burden in society and the important role that preventative health plays in relieving this burden.

  • Raelene Castle, Group Chief Executive at Sport New Zealand and High Performance Sport New Zealand, shared her practical and unique methods for achieving growth.

  • Craig Deats, Global Sales and Distribution Executive at Vitality Global, spoke about AIA Vitality, a science-backed health and wellbeing programme, and how it is delivering value for advisers. This session was followed by an AIA Vitality Q&A, where Craig shared insights on the global programme and engaged with attendees.

  • Dame Valerie Adams, a shotput World Champion, Olympian and AIA Vitality ambassador, discussed the ‘For Myself’ pillar and what that meant to her.

 

More news:

Agenda try to persuade Government to ban insurers from using genetic testing information

AIA announce the winners of the Supreme Aspire Awards

Chubb Life launch new marketing campaign called Mission Insurable

Chubb Life implement email automation technology

The Adviser Platform (TAP) appoint Taz Alnahas as key account manager and Meryll Villaver as client engagement manager

Steve Wrights questions whether today's trauma products are fit-for-purpose

Accuro offer discount on insulated jackets at Kathmandu

Gallagher are giving away native trees in Napier

FMA publish the latest 'Money with Mary' article

Budget cuts at the Retirement Commission could impact Sorted website and other programmes of work

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Southern Cross Health Insurance CMO talks about biggest challenges and opportunities

Southern Cross Health Insurance Chief Marketing Officer Regan Savage has been interviewed by Campaign Asia about the biggest challenges and opportunities they’re facing and where they're investing marketing budgets this year.

Southern Cross Health Insurance Chief Marketing Officer Regan Savage has been interviewed by Campaign Asia about the biggest challenges and opportunities they’re facing and where they're investing marketing budgets this year.

Savage calls out high inflation, the cost-of-living crisis and proving the value of premiums even when people aren’t claiming as the three biggest marketing challenges right now. In terms of opportunities, Savage mentions investing in newer, more capable communications platforms, how they are proactively offering members options to manage premiums as their needs change, and looking for opportunities to utilise AI to automate repetitive tasks.

 

More daily news:

Pinnacle Life are looking for a Head of Finance

The new Fidelity Life E-App is up and running

mySolutions webinar 'The Thousandth Client' 5 June

Southern Cross recognised at the 2024 Reader’s Digest Trusted Brand awards

Jon-Paul Hale says it's time to review how commission is paid when clients move to a new adviser

The Brand Experience Gap Study found insurers were among worst performers in NZ

Financial Advice NZ webinar 'Post Budget Webinar - Economic and Consumer Impacts 5 Jun

MBIE acknowledge financial institutions likely need to comply with current COFI legislation until around 2026

MAS is calling for nominations for the role of Practitioner Trustee of MAS Members’ Trust

Bell Gully summarise the Customer and Product Data Bill that has been introduced to Parliament

New Zealand is 485 GPs short, with this number expected to grow

Zurich develops AI systems to streamline life insurance applications

UniMed give followers a chance to win a double pass to the Crusaders game this Friday

MAS publish their latest Member-exclusive quarterly magazine, OnMAS

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FSC report finds 70% of kiwis are worried about money

The Financial Services Council’s (FSC) latest Financial Resilience Index tracker has found New Zealanders to be increasingly under financial pressure.

The Financial Services Council’s (FSC) Financial Resilience Index tracker has found New Zealanders to be increasingly under financial pressure.

  • The Index tracker revealed 70% of New Zealander's are worrying about money daily, weekly or monthly, the highest level since 2020 which reached 60%.

  • Inflation and interest rates are concerning New Zealanders, at 89.6% and 75.6% respectively.

  • Confidence in job security has started to fall, down to 85% from a high of 89% in 2023.

  • More kiwis are reporting having personal debt than last year, up 6%.

  • More kiwis have one month or less of savings on hand to maintain their current lifestyle should they lose their job.

  • 60% of non-homeowners have reported meeting living expenses is somewhat or very difficult.  

  • 48.5% were very or somewhat unconfident with the overall economy at the moment. 76.4% of respondents were somewhat or very concerned about house prices.

The survey took place in March 2024, with 2002 respondents. FSC members can download the full report in the FSC members area.

 

More daily news:

Fidelity Life are running e-app training webinars

FAMNZ held launch party, another in Christchurch May 30

ASB win Canstar 2024 Innovation Excellence Award for their KiwiSaver Digital Advice & Projections Tool

BNZ win Canstar 2024 Innovation Excellence Award for their Digital International Payments

Moody’s pick out the top 10 major risks shaping insurance

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Next week is Privacy Week

Privacy Week 2024 runs from May 13 – 17. This year, the office of the Privacy Commissioner have chosen the theme ‘busting privacy myths’. There are a range of online events you can attend, and they will all be recorded and added to their YouTube channel.

Privacy Week 2024 runs from May 13 – 17. This year, the office of the Privacy Commissioner have chosen the theme ‘busting privacy myths’. There are a range of online events you can attend, and they will all be recorded and added to their YouTube channel.

2024 Privacy Week Programme

Monday 13 May

11:00am - Myth: Māori data sovereignty is too hard – introductory

1.00pm - A hacker's view of data breaches – introductory

 

Tuesday 14 May

8.30am - In-person IAPP Knowledge Net event – Wellington

10.30am - Busting myths about privacy and cyber security – introductory

12.00pm - Biometrics and you – intermediate

3:30pm - Sharing personal information: Why aren’t we sharing when we have authority to do so? – Intermediate.

 

Wednesday 15 May

9.30am - If I'm not doing anything wrong, what do I have to hide? – Introductory

10.45am - Safeguarding children and young people's privacy in New Zealand – Introductory

12pm - Resolving Privacy Complaints: Internal Resolution and Working with OPC – Introductory

1pm - Ask the experts: what you need to know about notifying individuals of a privacy breach – Introductory

2pm - What’s missing from the conversation on AI? – Intermediate

 

Thursday 16 May

9.15am - Privacy for Charities and Not-for-Profits: tips and tricks - introductory

10.30am - All privacy breaches need to be reported to the Privacy Commissioner? – intermediate

11.45am - Shielding Your Digital Self: Understanding Online Privacy Rights under the Harmful Digital Communications Act 2015 – introductory

1.15pm - Managing Privacy in the Data & Generative AI Era – Intermediate

2.30pm - Young people don't care about Privacy - Debunking the myth – Introductory

3.45pm - Can we learn anything from over the ditch? The role of advocates in the privacy ecosystem - introductory

 

Friday 17 May

9.00am - Sharenting, Children and Privacy – The fine line between 'cute' and 'concerning'

10.30am - Privacy is More than Compliance: Transforming Privacy into a Strategic Business Advantage - Advanced

12.00pm - Data Privacy: Protecting Children in the Digital Age – Introductory

2.00pm - My DNA will only be used in this way - busting privacy myths about DNA - Introductory

 

There is a range of collateral available for you to put on your website or social media or pop up around the office here and a quiz you can take with your team available here.

 

More daily news:

nib offers respondents to Workplace Wellbeing Survey a chance to win

Contracts of Insurance Bill which seeks to shift onus of disclosure duties to insurers has passed its first reading at Parliament

ICNZ has welcomed the first reading of the Contracts of Insurance Bill

The government calls for public submissions on the Contracts of Insurance Bill

TSB is looking for a Senior Data Scientist

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Financial Advice New Zealand appoints new Head of Professional Development

Financial Advice New Zealand has appointed Cecilia Farrow to the newly created role of Head of Professional Development.

Financial Advice New Zealand has appointed Cecilia Farrow to the new role of Head of Professional Development. Farrow was a former director on the Board of Financial Advice New Zealand.

Farrow says

“Throughout my 27 years in financial services, I have been passionate about contributing to lifting financial advice to a professional status. The settings are in place now for all financial advisers, irrespective of the scope of advice they specialise in, to be recognised as a professional. We know this will increase trust by consumers and reduce barriers to kiwi’s seeking out quality financial advice. It’s exciting to have the opportunity to spearhead the Financial Advice New Zealand professional development programme and professional designations pathways to support our members to reach the pinnacle of their chosen career.”

Following Cecila running a powerful workshop on the subject of professional designation for insurance advisers at the recent Financial Advice New Zealand conference in Wellington, this appointment makes a great deal of sense. We wish Cecilia all the best with this important portfolio, and we intend to amplify messages around the value of a good industry-based practitioner’s qualification, and lend a hand where we can.

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nib adviser health promotions are available for Advisers to access via Fidelity Life’s E-App

FSC event 'New Zealand and Climate Change: Where are we now?' 12 June

Real Mortgages merges with adviceHQ

Southern Cross Healthcare hospitals partner with Baxter Healthcare to recycle PVC IV bags

Public health experts warn low immunisation rates put New Zealand at risk of large measles epidemic

New Zealand’s unemployment rate rises to 4.3%

KiwiSaver financial hardship withdrawals hit an all-time high of $29.3 million in March

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