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AFA/PFL announces Company of the Year awards
The Association of Financial Advisers (AFA)/Plan for Life (PFL) have named CommInsure 2013 Life Company of the Year.
CommInsure was also awarded the Investment Bond award at a premier event held at the Westin Hotel in Sydney.
"CommInsure continues to demonstrate its commitment to financial advisers, adviser practices and their clients, and the AFA highly commends CommInsure as the 2013 AFA Platinum Award winner," AFA CEO Brad Fox said.
Fox said the award finalists showed the industry was encouraging Australians to plan for the unexpected and boost their levels of protection.
"The awards process includes a thorough analysis of the life companies within Australia, ensuring the recognition of premier service and product solutions that best provide for the insurance needs of Australians and the financial advisers that service them," he said.
Macquarie Life took out all three client service team awards: Underwriting Team of the Year, Claims Team of the Year and Business Support Services/BDM Team of the Year.
BT Financial Group and TAL were runners-up for the Platinum Award.
The Innovation Award went to AIA.
"The AFA's theme for 2014 is Innovate: Think, Create, Act, so we are very excited to see how the AIA Vitality initiative has challenged the fundamental way insurance connects with consumers," Fox said.
PFL marketing and product development manager Rael Solomon said life companies displayed innovation in risk products in 2013, also focusing on increased claim rates in product sectors such as trauma by increasing premium rates.
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