‘Pure-play’ ClearView values IFA distribution | Australian Markets
Publicly-listed insurer ClearView has accomplished its exit from wealth management and is selling itself as a “pure play life insurance company”.
The company stated its exit from wealth had been accomplished in March, this yr, representing its “transformation to a tech-enable pure play life business” ending what represented a multi-year transformation program.
However, it stated that it had maintained its deep distribution relationships with impartial financial advisers (IFAs) and described its relationships with the IFA market as a key driver for growth.
ClearView’s positioning was made clear the Morgans Investor Presentation by the company’s managing director, Nadine Gooderick, who famous that gross premium income was up 95 to $285.6 million, with whole inforce premiums up 9% to $398 million, with $100 million on its new technology platform, ClearChoice.
Her presentation stated that the company’s migration onto a single cloud-based technology platform was on observe for completion within the first half of subsequent yr.
Stay up to date with the latest news within the Australian markets! Our web site is your go-to source for cutting-edge financial news, market trends, financial insights, and updates on native trade. We present day by day updates to make sure you have entry to the freshest data on Australian stock actions, commodity costs, currency fluctuations, and key financial developments.
Explore how these trends are shaping the longer term of Australia’s economic system! Visit us repeatedly for probably the most participating and informative market content material by clicking right here. Our fastidiously curated articles will keep you knowledgeable on market shifts, investment methods, regulatory adjustments, and pivotal moments within the Australian financial panorama.
