Integrity Life has announced Australian Group Insurances as its Group Life Insurance Administrator.
The insurer says that AGI combines a custom-built digital cloud solution and administration technologies with group insurance specialists to deliver a customised and adaptable service model.
It adds that since entering the Australian life insurance market in 2009, AGI has been “…focused on an holistic service solution; efficient and tailored operational and administrations systems and processes for the benefit of insurers, advisers/brokers, employers, employees, and superannuation fund trustees.”
Integrity Life says the partnership will improve partner and client experience and allow it to have access to an online end-to-end policy administration platform.
Gary Bailison, General Manager Product & Proposition at Integrity Life, says that the insurer’s Group Corporate portfolio has grown significantly over the last 12 months “…and we’re delighted to be welcoming AGI as our group administration provider – a like-minded brand with a strong reputation in market and skilled team across multiple disciplines.”
He says the company believes the partnership will improve the broker, adviser, employer and employee service experience, “…allowing us to scale as our group portfolio grows and will enable us to access leading technology functionality.”
Benno Lyakurwa, Chief Executive Officer at AGI, welcomed the partnership with Integrity Life “…as we strive to achieve our vision to be the leading provider of third-party administration solutions to the financial services industry.”
From August 2022, new group business for Integrity will be administered by AGI, with Integrity’s existing group portfolio transitioning in phases from mid-August 2022.
Integrity’s distribution, underwriting, claims, product and pricing operations continue to be managed in-house.
