Adapting to new regulations and revitalising risk advice
Australia’s underinsurance issue is no secret, and advisers play a pivotal role in addressing this concern. However, insurers acknowledge the time constraints advisers face.
In the wake of the government’s response to the Quality of Advice Review (QAR), significant changes could reshape the industry, with a possible future shift towards incentivising risk advice through fees rather than traditional commissions.
Join our 60-minute free and live webcast where industry leaders, including Eugene Ardino (CEO, Lifespan Financial Planning), Michael Pillemer (CEO, PPS Mutual) and David Sarkis (CEO, iExtend), will provide actionable strategies to help you tackle these challenges head-on.
Understand the crucial role insurers play in boosting efficiencies and enticing advisers back into the risk industry. Learn about the significant investments in digital advancements designed to streamline financial advice tasks, while addressing the ongoing complexity in insurance products.
Explore why simplifying current product roles is essential in fostering industry growth.
Topics that will be covered include:
- Addressing underinsurance: The critical role advisers play in tackling Australia’s underinsurance issue, despite time constraints.
- Post-QAR changes: Insights into the shift from commissions to fee-based risk advice following the government’s response to the QAR in December 2023.
- Boosting efficiencies: How insurers are investing in digital advancements to streamline tasks and attract advisers back into the risk industry.
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