NOVEMBER 2018 Survey Results of Australian Life Insurance company attitudes, towards the possible future use of predictive genetic information for Life Insurance.Read More
UX Review of Direct Life Insurance Websites benchmarks the “usability” of a website and human-centred design approach by Australian Direct Life Insurance companies to provide customers with a positive user experience. Overseas innovations are highlighted for Quotation Process Design, Types of Sales Features, Emerging Digital Technology and Approaches to Accessibility.Read More
OCTOBER 2018 The 5th Annual Strategic Insight - Direct Life Insurance Awards 2018 was held on Thursday 18th October 2018 at the Sydney Museum of Contemporary Art and included music, lively debate on social media with Rob Carlton and Justin Hamilton, three-course dinner, networking and Awards presentation.Read More
OCTOBER 2018 Life Insurance companies have implemented programs designed to impact beneficially on the health and wellness of customers. It’s a mutually beneficial outcome for policy holders and for Life companies that follow a customer-centric approach. Strategic Insight has developed a methodology to compare “Health and Wellness” initiatives. The pinnacle of this research is the Strategic Insight - Life Insurance Health & Wellness Awards!Read More
JULY 2018 Direct Life Insurance Report 2018 is now available including Affinity Partner sales (four years of history) and Top 5 Affinity Partners (NEW). We have updated Direct Risk Lapses and Persistency (Direct versus Advised Lapse rates) and extended the Forecast of the Direct Risk Market to 2028. Premium Comparisons have been expanded by product with new comparisons in 5-year Age Bands for Direct and Advised (NEW).Read More
MARCH 2018 All the results of the Life Company of the Year Awards, hosted by the Association of Financial Advisers (AFA) supported by Strategic Insight, were announced on 15th March 2018. The Awards are based on underlying independent Risk Benchmarking research by Strategic Insight. Winners announced.Read More
MARCH 2018 The Life Insurance Individual Risk Market (Retail) is going through some major changes. Strategic Insight has reviewed how the Australian Life Insurance market has evolved over the last 10 years, and where it's going over the next 10 years.Read More
OCT 2017 The 4th Annual Direct Life Insurance Awards held on Tuesday 17th October 2017 in Sydney was sold out! The event included a panel discussion on "Personalised Marketing at Scale", with industry leaders, moderated by a professional and amusing MC, delicious lunch and drinks, networking opportunities and Awards presentation. See photos and all the award finalists and winners.Read More
Usability Consulting is a user experience (UX/CX) consulting service developed for the Australia Life Insurance market, based on a UX audit of Life Insurance adviser portals, public adviser websites and quotation software. We measure and benchmark how effectively common and specific user goals and objectives are being met, and how this relates to Life company omni-channel strategic goals.Read More
Life Insurance approved product list research assists Licensees and their investment and product committee with their internal research process. Licensees can develop and utilise Strategic Insight's benchmark methodology to identify which products are suitable for inclusion on the APL by taking into account a range of factors. This process supports decision making when considering and reviewing the suitability of an insurance product/provider for inclusion on the APL.Read More
Software comparison tools for Life Insurance premium rates covering Advised Risk and Direct Risk products. Products types include Term, TPD, Trauma and Income Protection. Results are presented in exportable tabular format and with graphical comparisons. Product features, definitions and scoring are presented, based on our unique Risk Benchmarking, used by Licencees for approved product list construction.Read More
New “Health & Wellness Report 2016” is now available. Health and Wellness programs are generating significant interest in the Australian Life Insurance industry. After many years of companies playing around the edges with a few taking it seriously, there are now high levels of interest and activity across almost all the major Life insurers and Reinsurers.
The 3rd annual PFL Direct Insurance Excellence Awards will be held on Tuesday 25th October 2016 in Sydney and includes a Panel Discussion with industry leaders moderated by Rob Carlton, catered Lunch at the Museum of Contemporary Art, networking opportunities and Awards presentation. Book now!Read More
UPDATED AUGUST 2016 The first in-depth study of Retirement Account Drawings in Australia, explores the extent to which Superannuation fund members have drawn pensions from their accounts during the past 10 years, in particular the percentage of members and the percentage of the account drawn by age, examining minimum pension drawing (as required by legislation) and higher discretionary levels.Read More
Risk Insurance Expense Benchmarking released in April 2016 is based on a survey of Operating Expenses in Underwriting, New Business Processing Claims and Cost of Sales split by Acquisition, Update and Maintenance.Read More
Compare Direct Life Insurance Premiums across companies and products and select custom peer group for comparison for all product types.
Direct Life Insurance Premium Comparator is only available to participating companies who supply underlying Premium Rates, Factors and Discounts to Plan For Life so that we can fully populate the database.
Data includes Sum Insured Bands, Age Bands, Male/Female, Smoker/Non-Smoker, White Collar/Blue Collar.