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Insurance

AIA rejoins FSC

Richard Klipin, chief executive of FSC
Thursday 8th of June 2017

It was one of a number of members that quit in the aftermath of the MJW report, which was critical of life insurance commissions.

But chief executive Richard Klipin said AIA had signed on as a member, taking the total number to 16, with 14 associate members.

"We are pleased to welcome back AIA to the Financial Services Council. The Industry is going through rapid change and AIA is an important part of the New Zealand life insurance landscape."

He said, with the inclusion of AIA, the FSC represented more than 95% of the life insurance market in New Zealand.

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