{"id":40243,"date":"2018-03-15T21:38:25","date_gmt":"2018-03-15T10:38:25","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=40243"},"modified":"2018-03-20T22:13:24","modified_gmt":"2018-03-20T11:13:24","slug":"tal-wins-life-company-of-the-year","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2018\/03\/15\/tal-wins-life-company-of-the-year\/","title":{"rendered":"TAL Wins Life Company of the Year"},"content":{"rendered":"<p>TAL Life has been announced as the winner of the prestigious AFA\/Strategic Insight 2017 Platinum Award for Life Company of the Year.<\/p>\n<p><!--more-->This is the fifth Platinum Award win for TAL, having also won in 2010 (as Tower Life), 2011, 2012 and 2014, in what is the most sought-after industry accolade for life insurers.<\/p>\n<p>The runners-up for 2017 were BT Financial Group (which had won the Platinum Award in each of the last two years) and MLC Life Insurance.<\/p>\n<p>The Platinum Award is highly-valued by life companies because of the rigour that underpins the Award criteria, where the companies are assessed by <a href=\"http:\/\/www.pflresearch.com\/company\/\" target=\"_blank\" rel=\"noopener\">Strategic Insight<\/a> against key benchmarks including:<\/p>\n<ul>\n<li>Financial Strength and Sustainability<\/li>\n<li>Market Sales Growth<\/li>\n<li>Premium Rates<\/li>\n<li>Premium Rates Volatility<\/li>\n<li>Relative Quality of Terms and Conditions<\/li>\n<li>Service Quality<\/li>\n<\/ul>\n<p>Winners and finalists in other major categories included:<\/p>\n<p><span style=\"text-decoration: underline\">Service Quality Award<\/span><\/p>\n<ul>\n<li>Winner: <strong>TAL Life<br \/>\n<\/strong><\/li>\n<li>Finalists: Zurich, BT Financial Group<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline\">Client Service Team Awards<\/span><\/p>\n<ul>\n<li>Underwriting Team of the Year:\n<ul>\n<li>Winner: <strong>BT Financial Group<\/strong><\/li>\n<li>Finalists: ClearView, Zurich, Asteron Life<\/li>\n<\/ul>\n<\/li>\n<li>Claims Team of the Year:\n<ul>\n<li>Winner: <strong>OnePath<\/strong><\/li>\n<li>Finalists: BT Financial Group, ClearView, Zurich<\/li>\n<\/ul>\n<\/li>\n<li>BDM\/Business Support Team of the Year:\n<ul>\n<li>Winner:<strong>ClearView<\/strong><\/li>\n<li>Finalists: TAL Life, AMP, Zurich<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline\">Term\/TPD Product Award<\/span><\/p>\n<ul>\n<li>Winner: <strong>Zurich<\/strong><\/li>\n<li>Finalists: TAL Life, AIA Australia, OnePath Life<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline\">Trauma Product Award:<\/span><\/p>\n<ul>\n<li>Winner: <strong>TAL Life<\/strong><\/li>\n<li>Finalists: OnePath Life, MLC Life Insurance<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline\">Income Protection Product Award:<\/span><\/p>\n<ul>\n<li>Winner: <strong>CommInsure<\/strong><\/li>\n<li>Finalists: TAL Life, MLC Life Insurance<\/li>\n<\/ul>\n<p>AMP and MLC Life Insurance were announced as the joint winners of the 2017 Innovation Award for AMP&#8217;s LIF Resource Hub for advisers and MLC&#8217;s Claims First cloud-based automated system.<\/p>\n<p>Elsewhere, Challenger again &#8216;cleaned-up&#8217; in most of the Annuity Awards categories, including the overall Award for Overall AnnityProvider of the Year.<\/p>\n<p>Platinum winners since the inception of this Award have been:<\/p>\n<p>2017: TAL Life<br \/>\n2016: BT Financial Group<br \/>\n2015: BT Financial Group<br \/>\n2014: TAL<br \/>\n2013: CommInsure<br \/>\n2012: TAL<br \/>\n2011: TAL<br \/>\n2010: TOWER\/CommInsure (Joint winners)<br \/>\n2009: CommInsure<br \/>\n2008: Asteron\/Aviva (Joint winners)<br \/>\n2007: CommInsure<br \/>\n2006: AXA<\/p>\n<figure id=\"attachment_40265\" aria-describedby=\"caption-attachment-40265\" style=\"width: 1024px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/03\/AFA-LCOTY-Overall-Winner.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-40265\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/03\/AFA-LCOTY-Overall-Winner-1024x658.jpg\" alt=\"\" width=\"1024\" height=\"658\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/03\/AFA-LCOTY-Overall-Winner-1024x658.jpg 1024w, https:\/\/riskinfo.com.au\/news\/files\/2018\/03\/AFA-LCOTY-Overall-Winner-300x193.jpg 300w, https:\/\/riskinfo.com.au\/news\/files\/2018\/03\/AFA-LCOTY-Overall-Winner-768x494.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption id=\"caption-attachment-40265\" class=\"wp-caption-text\">(L-R): Strategic Insight Managing Director, Simon Solomon; TAL General Manager Retail Distribution, Niall McConville; AFA National President, Marc Bineham<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>TAL Life has been announced as the winner of the prestigious AFA\/Strategic Insight 2017 Platinum Award for Life Company of the Year.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[259,48,241],"tags":[],"class_list":["post-40243","post","type-post","status-publish","format-standard","category-breaking","category-company-news","category-conferences-and-events"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/40243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=40243"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/40243\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=40243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=40243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=40243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}