December 20, 2018

December 20, 2018 | Adviser News


What a year! Thank you to our partners.

2018 was a memorable year for many reasons. In a challenging environment that has seen so much disruption and distraction, it is incredibly heartening to continue to see and hear so much positivity and willingness to adapt and thrive within a shifting advice landscape.

 

At Zurich, our commitment and belief in financial advice will continue to strengthen in 2019 as we enter a brave new world when Zurich acquires the ANZs OnePath Life business. We remain on track for completion in Q2 2019, which will see two true insurance specialists come together to create one of Australia’s strongest retail life insurance company’s.

This is a truly exciting prospect for advisers, our customers and our people as we now have the opportunity to invest in new ways to make life insurance more relevant, more engaging and more accessible to Australians.

We will continue to operate and invest in the OnePath brand and proposition with respect to its long heritage in the Australian market and its excellent reputation for delivering outstanding products and service for Australians. 

2018 was also a year of many important milestones for Zurich Life and Investments. We successfully launched the Zurich Adviser Portal including the new online quote and apply platform. We have had overwhelmingly positive feedback from the market on this solution, although if you are in need of help transitioning from ZXpress please reach out, the team is more than willing to help you maximise your ability to use the portal.

In addition to this, we released the first iteration of the Cost of Care program and whitepaper; we will continue to build on this extensive piece of work throughout 2019 as we firmly believe that this tool helps fill a knowledge void in the current advice framework and strengthens the value of life insurance for Australian consumers. 

We welcomed back Head of Savings and Investments, Matthew Drennan, to the Zurich family, who has spearheaded a transformation within the Investments business which included a team re-structure, and the launch of a new Zurich Investments brand proposition. We are excited to see what 2019 will bring in this space.

Finally a big thank you to all our partners, who made 2018 a positive year to remember at Zurich, and before we hurtle ourselves into 2019, we all deserve a well-earned break and focus on the most important things in life – those we truly love.

Happy holidays

Kris

December 20, 2018

The Cost of Care part II – Mental Health

In analysing common methodologies used across the life insurance advice sector, we were able to identify a missing link that could help advice be more tailored and personalised. The Cost of Care whitepaper is an industry first, bringing together detailed research across the broad spectrum of injury and disease. Across three articles, we will delve into three of the biggest cost burdens facing Australians today – Cancer, Heart and Artery and Mental Health.

December 20, 2018

Tech beyond the FANGs

High growth technology companies have become very popular in investment portfolios over the last few years and, notwithstanding some cooling in investor appetite in recent months, they have generally performed very well. The challenge is that this can lead to a concentration developing in markets that can increase the amount of risk for investors.

December 20, 2018

Closing off new quote functionality on the ZXpress platform on 1 January 2019

After the successful release of the Zurich Adviser Portal which includes the new, online life quotes platform, we will be closing off the functionality to submit new quotes in ZXpress on 1 January 2019.

December 20, 2018

Economic and market outlook 2019: Choppy Waters

2019 is likely to be the ebb tide of the economic cycle rather than its demise, with slowing global growth, benign inflation and low bond yields. However, the year will host a number of unpredictable but critical political and geopolitical events, creating choppy waters for investors and policymakers to navigate.