{"id":65678,"date":"2023-05-09T12:44:50","date_gmt":"2023-05-09T01:44:50","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=65678"},"modified":"2025-03-14T12:02:23","modified_gmt":"2025-03-14T01:02:23","slug":"best-performing-life-insurance-providers-named","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/05\/09\/best-performing-life-insurance-providers-named\/","title":{"rendered":"Best Performing Life Insurance Providers Named"},"content":{"rendered":"<div class=\"header row\">\n<div class=\"intro\">\n<h3>There was significant reader interest this week in Adviser Ratings&#8217; announcement of its 2023 awards for the most trusted life insurers&#8230;<\/h3>\n<\/div>\n<\/div>\n<p>Technology and ratings firm, <a href=\"https:\/\/www.adviserratings.com.au\/\" target=\"_blank\" rel=\"noopener\">Adviser Ratings<\/a>, has announced its life insurance Adviser Choice awards, which it says reveals the industry\u2019s most trusted retail life insurers.<\/p>\n<p>Adviser Ratings says that PPS Mutual took the top spot, while Neos, Zurich, Metlife, TAL, Clearview and Onepath all received positive satisfaction scores from advisers.<\/p>\n<p>The awards assigns ratings to insurers across six core areas, based on more than 3,000 adviser comments.<\/p>\n<figure id=\"attachment_40991\" aria-describedby=\"caption-attachment-40991\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/05\/Angus-Woods-copy.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-40991\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/05\/Angus-Woods-copy.jpg\" alt=\"\" width=\"150\" height=\"181\" \/><\/a><figcaption id=\"caption-attachment-40991\" class=\"wp-caption-text\">Angus Woods &#8230;the firm\u2019s deep dive highlights key areas of opportunity for insurers&#8230;<\/figcaption><\/figure>\n<p>The category winners are:<\/p>\n<ul>\n<li>Best Retail Life Insurer \u2013 PPS Mutual (Finalists: NEOS and Zurich)<\/li>\n<li>Ease of Underwriting \u2013 NEOS (Finalists: PPS Mutual and ClearView)<\/li>\n<li>Best Platform Functionality \u2013 NEOS (Finalists: Zurich and PPS Mutual)<\/li>\n<li>Competitiveness of Product \u2013 PPS Mutual (Finalists: NEOS and TAL)<\/li>\n<li>Comprehensiveness of Modules \u2013 PPS Mutual (Finalists: NEOS and MetLife)<\/li>\n<li>Best Adviser Support \u2013 NEOS (Finalists: PPS Mutual and Zurich)<\/li>\n<li>Best Claims Handling \u2013 NEOS (Finalists: PPS Mutual and Zurich)<\/li>\n<li>Most Consistent Retail Life Insurer \u2013 Zurich Insurance Group<\/li>\n<li>Most Improved Retail Life Insurer &#8211; TAL<\/li>\n<\/ul>\n<blockquote><p>&#8230;1,200 advisers now write the bulk of risk volume&#8230;<\/p><\/blockquote>\n<p>The firm also notes that one of its key insights was that just 1,200 advisers now write the bulk of risk volume.<\/p>\n<p>Adviser Ratings CEO <strong>Angus Woods<\/strong> says that with more than half of retail life insurance still sold by advisers &#8220;&#8230;this temperature check shows how the insurance industry can grow and adapt to the changing market.&#8221;<\/p>\n<p>He says the firm\u2019s deep dive \u201c\u2026highlights key areas of opportunity for insurers, whose new business volumes have suffered as a result of the adviser exodus. Pleasingly, some green shoots in quarter one of this year are showing as non-specialised advisers start to entertain re-entering life insurance as a core solution for their clients.\u201d<\/p>\n<p>The firm confirmed it has also has also recently acquired independent data company, the Beddoes Institute (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2022\/12\/21\/adviser-ratings-acquires-data-and-research-firm\/\" target=\"_blank\" rel=\"noopener\">Adviser Ratings Acquires Data Firm<\/a>).<\/p>\n<p>\u201cBeddoes\u2019 focus on data, insights and growth opportunities within the life insurance industry pairs &#8230; well with Adviser Ratings\u2019 existing suite of products,\u201d Woods says.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There was significant reader interest this week in Adviser Ratings&#8217; announcement of its 2023 awards for the most trusted life insurers&#8230; Technology and ratings firm, Adviser Ratings, has announced its life insurance Adviser Choice awards, which it says reveals the industry\u2019s most trusted retail life insurers. Adviser Ratings says that PPS Mutual took the top [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":65685,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8291],"tags":[],"class_list":{"0":"post-65678","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general","8":"category-story-of-the-week"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/65678","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\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=65678"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/65678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/65685"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=65678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=65678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=65678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}