HUB24 adds Zurich as a third individual insurance provider

From
Philip Kewin

Philip Kewin

As demand grows for the availability of risk products on platforms, HUB24 advocates that a choice of insurers is important for advisers and their clients given the significant price and feature differences of many products.

In response to this demand, HUB24 is pleased to bring a third retail insurance provider to its market leading super and IDPS platforms. Zurich’s Wealth Protection product complements the existing personal insurers TAL and AIA providing another choice for advisers and their clients.

“Modern platforms like HUB24 are maturing into broader structures that are committed to providing more choice for advisers. Advisers have always had a choice of insurer for their clients outside of platforms and now seek the same choice for their clients within platforms to take advantage of an end-to-end solution. Typically, platform insurance offers have been limited to the ‘house brand’ denying clients an efficient solution with real choice.  Advisers bring their own risk expertise to assist clients, to give them the best options that suit their personal needs.” said Andrew Alcock, Chief Executive Officer, HUB24.

“Zurich’s insurance offering has won major industry awards and we’re pleased to add another quality risk provider for access through HUB24 inside or outside superannuation.”

“Like our other insurers, Zurich is making a solid commitment to working in partnership with us and dealer groups to provide exceptional service to our advisers and their clients.” said Andrew.

Zurich’s General Manager, Retail Life & Investments, Philip Kewin, also acknowledged the importance of the partnership, which comes at a time when household budget pressure is increasing the appeal of platforms to consumers.

“From a client’s perspective, the cash flow advantages of holding cover on platform are becoming increasingly appealing,” said Mr Kewin.

“With an estimated 40% of individual risk premiums now written through platforms, we believe the timing of our new partnership with HUB24 is perfect.

“Zurich was recently announced as the joint winner of Canstar’s Outstanding Value award for life insurance, and we are pleased to be able to bring such a quality offering to users of the HUB24 platform.

Thanks to this partnership, advisers now have more ways to deliver quality risk advice to clients, affordably and efficiently,” he said.

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