{"id":8848,"date":"2010-12-15T10:23:07","date_gmt":"2010-12-14T23:23:07","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=8848"},"modified":"2020-12-07T06:55:18","modified_gmt":"2020-12-06T20:55:18","slug":"best-initiatives-in-2010","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/12\/15\/best-initiatives-in-2010\/","title":{"rendered":"Best Initiatives in 2010"},"content":{"rendered":"

riskinfo has identified\u00a0two’ first-to-market’ offerings it considers to be\u00a0the\u00a0best initiatives released by the\u00a0life companies during 2010.<\/p>\n

Both these initiatives have their supporters and critics,\u00a0and we acknowledge the validity of differing\u00a0points of view.<\/p>\n

But from the perspective of innovation, of taking steps to offer new options for consumers, we give our tick this year to:<\/p>\n

<\/p>\n

Macquarie Life Active<\/strong><\/p>\n

Asteron Life!<\/em> Healthy\u00a0Plus Option<\/strong><\/p>\n

Macquarie Life Active<\/span><\/em><\/p>\n

In May 2010 Macquarie Life launched a new\u00a0class of insurance contract into the Australian market – Macquarie Life Active<\/a>.\u00a0 Based on ‘tiered benefit’ or ‘severity-based’ products released into the South African and UK markets in recent years, but tailored to\u00a0Australian requirements, Macquarie Life Active offers a new alternative for consumers looking to insure against trauma-related sickness and injury events.<\/p>\n

… the client may make multiple claims for trauma events on the same policy<\/h6>\n

The key element that makes this a new alternative for consumers is\u00a0that the client may make multiple claims for trauma events on the same policy, based on the severity of the event and the\u00a0financial and lifestyle impact on their lives.<\/p>\n

The focus with this product is not so much the definition of the event, but rather the impact of the outcome.<\/p>\n

Asteron Life! Healthy\u00a0Plus<\/span><\/em><\/p>\n

Asteron has taken its 2009 Asteron Life!\u00a0<\/em>health and lifestyle\u00a0initiative to a new level in 2010 with the launch of the Asteron Life!<\/em> Healthy\u00a0Plus Option<\/a>.<\/p>\n

This\u00a0option offers a permanent premium discount for policy holders who demonstrate a healthy lifestyle in line with the Asteron Life!<\/em> Healthy Plus criteria.<\/p>\n

Asteron has\u00a0created a new class\u00a0of insured life for the Australian market<\/h6>\n

In launching this option, Asteron has\u00a0created a new class\u00a0of insured life for the Australian market\u00a0– a ‘healthy’ life, to sit beside standard and non-standard lives.<\/p>\n

We will look forward to seeing how\u00a0both\u00a0these\u00a0initiatives will progress\u00a0in the coming year or two, and also to the extent to which\u00a0similar initiatives may be launched by other insurers.<\/p>\n

Other Acknowledgements…<\/strong><\/p>\n

In a year where the phrase ‘transition to fee for service’<\/em> has summed up much of the focus of the industry, we congratulate the many dealer groups and external consulting firms for the substantial work that has taken place to assist advisers with their transition journey from commissions to fee for service for investment and superannuation advice.<\/p>\n

In particular, the new online tool for pricing the value of advice, developed by\u00a0Elixir Consulting,\u00a0will set a benchmark for future services in this area.<\/p>\n

There have also been a number of technology initiatives, such as the IRESS Launch Quote initiative that allows client data and cover details to be transferred across to a number of life company electronic application systems, avoiding the need to re-key data.<\/p>\n

Finally, we acknowledge the most influential person in the financial services industry in 2010.<\/p>\n

While this recognition once again goes to a politician (last year’s most influential person was Bernie Ripoll<\/strong>), we couldn’t go past the former Financial Services Minister who, on the ANZAC Day holiday\u00a0this year, gave us the Government’s Future of Financial Advice reform proposals.\u00a0 Congrats to the Hon.<\/strong> Chris Bowen<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

riskinfo has identified\u00a0two’ first-to-market’ offerings it considers to be\u00a0the\u00a0best initiatives released by the\u00a0life companies during 2010. Both these initiatives have their supporters and critics,\u00a0and we acknowledge the validity of differing\u00a0points of view. But from the perspective of innovation, of taking steps to offer new options for consumers, we give our tick this year to:<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8848","post","type-post","status-publish","format-standard","category-general","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8848","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=8848"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8848\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=8848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=8848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=8848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}