Welcome to the latest edition of Adviser News
Business UpdatesArticle31 March 2025
Momentum continues to build in the advised life insurance market, new business grew approx. 8% in 2024 (after growing by the same percentage in 2023) and 2025 has started positively.
Perhaps more importantly, sentiment is positive. Risk advice businesses are becoming increasingly more efficient and employing more capital in expansion activities. Whilst many 'holistic' advice businesses, who have not focussed on life insurance advice over recent years, are wanting to get more involved.
Risk advice has always been the foundation of a sound financial plan and it's great to see sustained growth in the market.
Key enhancements across Zurich and OnePath
It's nice to hear the positive feedback coming from our adviser partners regarding the recent enhancements we have made to our Zurich & OnePath propositions.
In February 2025 we introduced a flatter pricing option to our Zurich products, plus we enhanced our trauma definitions and simplified the underwriting requirements across Zurich and OnePath. This follows the updates we made in October 2024, which included the introduction of the new Zurich TPD Continuous Care option.
All of these changes are designed to provide you and your customers with greater choice and optionality. You can find more information on these changes by visiting our dedicated adviser information pages.
You can find more information on these changes by visiting our dedicated adviser information pages.
Zurich I OnePath
Temporary Leadership Changes
Timothy Kane, who many of you will know from his role as Zurich's Chief Underwriting Officer, has stepped into the Head of Retail position on a temporary basis, while Jacqui Lennon moves into the Chief of Technology role on an interim arrangement. Tim is looking forward to working with you.
Looking Forward
A key priority at Zurich is to continue to enhance our digital capabilities and invest in our adviser portal. We have ambitious and exciting plans in this space. Our mission is to be Australia's leading insurer that advisers trust, recommend and find the easiest to do business with and we are committed to bringing this mission to life.
Thank you for your continued support, as always please feel free to reach out to me or your BDM if you have any feedback or suggestions.
Cheers,
Kieran.