Macquarie Life has announced it has exceeded $100 million in in-force premiums four years after its launch.
This announcement from Macquarie comes a year after it launched its Macquarie Life Active contract to the Australian market, which it classes as a new category of life insurance in this country.
Head of Macquarie Life, Justin Delaney, commented “Since Macquarie Life launched, the business has evolved from being a single product provider to a multi product and service provider, which has gained recognition in the industry for being the first to bring a new category of insurance cover to the Australian market, through Active.”
The insurer reports it has insured more than 44,000 Australians, with more than 3,000 advisers currently having some of their clients insured through Macquarie.
“While we may not be the longest established brand in insurance, it is because of our commitment to service and innovation, and through the support of the advisers we work with, that we have been able to reach this latest milestone”, said Mr Delaney.
