Peter Crewe

Life insurance specialist AIA Australia has been named ‘Life Insurance Company of the Year’ at the 10th Annual Australian Insurance Industry Awards – the second in as many years.

In front of over 800 industry leaders, Government and association representatives, AIA Australia won the ‘Life Insurance Company of the Year’ category, ahead of fellow finalists BT Financial Group and MLC/NAB Wealth. Hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), the awards honor the achievements of companies and individuals within the Australian insurance market.

A panel of 16 industry experts—all leaders in their field – named AIA Australia the winner of this award for its responsiveness to customer needs, financial strength, innovative approach to technology and demonstrated effort to improve the image of the industry for customers and intermediaries in Australia.

Commenting on the win Peter Crewe, Chief Executive Officer, AIA Australia said he was honored to be recognised for a second consecutive year among the industry’s finest, and attributed the award to AIA Australia’s commitment to building long term and highly valued partnerships with its clients and customers.

“I am proud of the team at AIA Australia for their efforts and contributions which have led to this award. To win in consecutive years demonstrates that we continue to be successful in building trusted business partnerships that deliver the market leading products and services in an environment of significant industry change”, Mr. Crewe said.

AIA Australia’s performance has continued to be strong over the last 12 months. Recent Plan for Life figures  (Y/E 30 March 2013) show that retail in-force business has grown by more than double the market rate (23% for AIA compared to broader retail market growth  of 10%). On the Group front, AIA Australia remains number one for market share, with just short of 25 per cent of Group Risk Premium Inflows.[1]

The ANZIIF award is the latest of a long list of achievements for Australia’s fastest growing life insurer, which in the last 12 months also won the 2012 Smart Investor Life Insurer of the Year, 2012 ANZIIF Life Company of the Year and the 2011 Super Review/ Heron Partnership Group Insurer of the Year awards.

————

[1] 24.68 per cent Market Share for AIA Australia, Group Risk Premium Inflows as at Y/E March 2013, Plan for Life statistics.

The post AIA Australia collects second consecutive Life Insurance Company of the Year Award appeared first on AdviserVoice.

TAL Managing Director Jim Minto, who accepted the award on behalf of the company, said the award recognises TAL’s leadership and innovation in bringing multi-channel insurance to market in Australia. 

“We are a truly multi-channel business allowing consumers to access life insurance in whichever way that suits them – through advisers, their super fund and corporate scheme, or direct via the internet or phone,” he said. 

This is the second year in a row that TAL has taken home top honours at the prestigious awards. 

“This award is a win for the whole team at TAL. It recognises the dedication and hard work of people right across our business as we strive to make life insurance a well understood and valued part of Australians’ lives. 

“We are delighted to have been recognised by the judging panel and look forward to continuing to make life insurance even more accessible to consumers from all walks of life. 

“We have exciting plans ahead and look forward to making life insurance more valued than ever before by consumers around the country. Our ownership by Dai-ichi Life has proved to be extremely beneficial and supportive for our business. We are part of a top ten global life insurance business and this gives business partners and customers strong confidence in our ability to continue to move forward.”

The post TAL named AB&F Magazine Life Insurance Company of the Year for second year running appeared first on AdviserVoice.