Zurich secures Energy Super mandate

24 October 2019
| By Laura Dew |
image
image
expand image

Zurich has secured a group insurance mandate from a Queensland industry super fund, its first since the acquisition of OnePath Life in June, 2019.

Energy Super, a specialist in the energy sector, manages $8 billion on behalf of 47,000 members.

Gerald Kerr, head of OnePath proposition and group insurance, said the mandate indicated the strength of the firm’s proposition in the group insurance market.

He said the firm’s claims service had been the deciding factor in winning the mandate from the super fund.

“Our strength in partnerships was recognised by Energy Super, in particular our approach to working alongside them to drive greater sustainability, efficiency and member engagement," Kerr said.

“Our award-winning claims service was also singled out as a factor in winning the mandate, in particular our innovative rehabilitation and wellness offering and our ability to develop deep insights from claims trends using artificial intelligence (AI) based models.”

Robyn Petrou, chief executive of Energy Super, said: “While we are energy sector specialists, our consistently low fees and high returns attract members from all industries, from right across Australia. This means our insurance products need to be flexible enough to cater to workers in lower-risk occupations".
 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 5 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 5 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 6 hours ago