CommInsure is claiming a significant win in the group risk stakes, retaining all of its risk insurance clients that went to tender last year, including the giant AustralianSuper.
CommInsure managing director Simon Swanson pointed out that his company was now ranked at the top of the group risk category as a result of its client retention.
He said 10 of CommInsure’s top 30 clients went to tender last year and that CommInsure had retained all 10, with the most significant being AustralianSuper’s new group life policy, the largest in Australia.
Swanson said CommInsure had worked with AustralianSuper to produce an innovative offering that covered death, total and permanent disablement and income protection, including enhanced features such as increased default levels of cover such that members stood to enjoy benefit increases of between 10 per cent and 100 per cent.
Institutional investors have increased their risk exposure over June amid tempered levels of market volatility.
Australian investors are increasingly integrating hedge funds and liquid alternatives into their portfolios, as persistent inflation volatility and global macro-economic instability expose the limitations of the classic 60/40 split.
US President Donald Trump’s decision to delay new tariffs has only prolonged the uncertainty weighing on global sharemarkets, according to AMP chief economist Shane Oliver.
BlackRock has reduced its exposure to Australian and European equities in favour of emerging markets.